Frontier funds take a shine to Vietnam's 6.7% growth target

Hanoi

FRONTIER-MARKET equity funds from Sweden to Hong Kong are ready to buy more Vietnamese stocks, attracted by cheap valuations and the fastest economic growth in almost a decade.

Coeli Asset Management and Asia Frontier Capital say they plan to add to their equity holdings this year as record-high foreign direct investments and the nation's free-trade agreements help boost economic growth. Tundra Fonder says it wants to buy consumer, industrial and construction companies.