The economic fundamentals underpinning Vietnam were strong and just going to get better. (Photo: baodautu.vn) According to the article, Vietnam is one of the Southeast Asian nations with a good grip on the pandemic and also stands to benefit from the transition of the value chains in the region.
It cited the view of Vietnam Holding, a London-listed investment company which invests in high growth companies based in Vietnam, which considers Vietnam one of the best emerging markets in the world. The country’s stock market has been one of the best performing in Asia, up over 23 percent this year.
The fund’s manager, Dynam Capital Management, was quoted as saying that despite many bigger foreign investors getting out of Vietnamese stocks in 2020-21, retail investor participation has supported prices considerably. Vietnam now has over 4 million trading accounts, which equates to around 3 percent of the population of the country.
Dynam Capital expressed optimism about Vietnam’s financial services, holding that the country remains a fast-evolving Asian economy and has not been saddled with the same pandemic issues. GDP growth looks solid and the population is big, giving it the sort of people power that will allow it to compete effectively in manufacturing and heavy industry, it stated./.
VNA
