Asia Market round-up: Valuable, volatile Vietnam
If you’re fed up with the poor performance of Asia’s equity markets recently, but still have a strong stomach for risk, consider Vietnam.
While the general direction of Asian equities has been south in the past few months, Vietnam has comfortably bucked that trend. The country’s strong economic fundamentals, relative isolation from the global financial markets and positive local sentiment continue to propel the bourse upwards.
Year to date, the Vietnam Index has risen almost 77%. The only other market to perform even close to that was the Shanghai Composite. Indochina Capital, a local asset manager and broking company based in Saigon, has done even better than the index. The firm manages individual capital pools for institutional and family offices on a discretionary basis.