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 SoutheastAsian nations with a good grip on the pandemic and also stands to benefitfrom the transition of the value chains in the region.
It cited the view of Vietnam Holding, a London-listedinvestment company which invests in high growth companies based in Vietnam, which considers Vietnam one of the best emerging markets in theworld. The country’s stock market has been one of the best performing in Asia, upover 23 percent this year.
The fund’s manager, Dynam Capital Management, was quoted as saying that despite many bigger foreigninvestors getting out of Vietnamese stocks in 2020-21, retail investorparticipation has supported prices considerably. Vietnam now has over 4 million tradingaccounts, which equates to around 3 percent of the population of the country.
Dynam Capital expressed optimism about Vietnam’s financial services, holding thatthe country remains a fast-evolving Asian economy and has not been saddled withthe 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 inmanufacturing and heavy industry, it stated./.
VNA
