There’s a renewed buzz of activity in the foreign investment community in Vietnam. The more adventurous portfolio investors are attracted by low valuations and foreign corporations are being drawn in by growth potential. In contrast to most other Asian countries, growth rates are picking up. Yet Vietnam is a small economy in a region just embarking on reform. Its stock market is new and tiny. Opinion is divided as to whether Vietnam will remain an exotic destination for small amounts of specialist emerging market investment, or is on the brink of becoming a serious option for foreign businesses.
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