Foreign investors sniff value in Vietnam
While stock markets across Asia have been boosted by hot money inflows from European and American investors, Vietnam’s nascent stock market has been passed by.
The benchmark VN index has fallen 14 per cent this year amid concerns about inflation, a weakening currency and Vietnam’s sizeable trade deficit. It is still 63 per cent below its 2007 record high.
Foreign investors have largely shunned the country after the pre-crisis Vietnamese investment bubble blew up in late 2007 as inflation started to spiral and turmoil in global financial markets began to sap risk appetite… read complete PDF File…