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Rising personal incomes, investment from China
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ETF of Vietnam, the next cheap labor production capital. Even China is moving labor there. Thinly traded and the Vietnam exchange is small, but over 5 years this could benefit hugely from the local Asian growth and the growth of manufactured exports from Asia.
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Way oversold in the short term. Tremendous growth opportunity in the longer term once inflation becomes in check.
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hickey comments positive
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Vietnam is following China's footsteps, with better demographics and growth prospect.
Zheng Fang
http://www.tfcinvest.com
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Labor unrest in China is the trigger we've been waiting for. Wages in China, Chinese Yuan, will have to rise, accelerating migration of outsourcing to Vietnam, the new China. Both of the great experts on emerging Asia, Mobius and now Faber, are pounding the table for this high-growth, low-multiple market. They travel there constantly; Mobius has committed lots of Templeton's capital there. VNM is the only pure play of which I'm aware, and Vietnam is not typically represented at all even in most "frontier" funds, let alone "emerging markets." Templeton has exposure, but their fees are ridiculouly high. A nice bonus: 30% of the portfolio is devoted to India, Singapore, Malaysia, and other Asian tigers, so there is diversification among some good, underfollowed companies. VNM may underperform short-term, but a great bet for the longer run if you can stomach the volatility. We seem to be coming out of a major correction.
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Hardworking people, growing economy, low debt
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Vietnam is growing rapidly and is the next Asian Tiger.
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Vietnam - good alternative to China in Asia
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Vietnam seems like a good bet - quite a lot of room for growth in a country that is difficult for many to invest in directly. Plus, a lot of that growth will be related to agricultural products, which many respected investors think will be in demand in the coming years. Also should help with currency diversification.
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