“The Vietnam equity market is underpinned by robust economic growth. The economy expanded at an average growth rate of 6.1% per annum over the 10 years to 2018, with growth projected to exceed 6% per annum this year and next,” says Lum Ming Jang, chief investment officer at Public Mutual Bhd, which recently launched the Public Vietnam-Global Equity Fund (PVGEF).
(Dec 13): Vietnam is said to be the biggest beneficiary of the US-China trade war, which boosted its economy by almost 8% y-o-y in the first quarter of 2019, according to some estimates. But the country had already experienced an economic boom in recent years and is offering attractive propositions to investors.
Some compare Vietnam’s growth to China’s in the 1980s and 1990s. The former is expected to be one of the fastest-expanding economies in the next decade, with an average annual GDP growth rate of 7%, according to a Standard Chartered report in May. This will put it in the 7% club alongside countries such as India and Bangladesh.
