Vietnam is a bright spot in the global economy: its official 2016 growth target is 6.7%. The country has become the most popular destination for foreign direct investment in Asia.
Cheap labour has made it appealing, but it isn't just a T-shirt and shoe manufacturer, notes Wirtschaftswoche. Tech giants such as Samsung and Intel have bases there. The 93-million-strong, youthful population bodes well for long-term consumption.
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Half the market trades on a price/earnings ratio of below ten. The VinaCapital Vietnam Opportunity fund (Aim: VOF) is on a discount of 23% to net asset value.
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