Vietnam, the next China
With a market-driven economy, and steadily growing stock and bond markets, Vietnam has much to offer investors.
INVESTORS seeking the "next China" need look no further - on every measure, its southerly neighbour, Vietnam, fits the bill. There is the high growth rate in labour productivity, the strong expansion of gross domestic product (GDP), the rising middle class and - remarkable to those who can recall the years of economic isolation and Communist orthodoxy - the enthusiasm for striking free-trade deals.
Above all, and of paramount importance to investors, we have seen enormous growth in the size of the stock market between 2008 and 2017, with high returns achieved on equity.
True, the current space allowed for foreign investment is small. But privatisation and new-share flotations are expected to greatly expand the available room for overseas investors during the coming three years.
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