Three stocks to buy into Vietnam’s growth

Vietnam is attracting increasing attention from around the world, and it is easy to see why, says professional investor Andy Ho. Here, he pick three stocks to buy into its rapid growth.

Each week, a professional investor tells us where he'd put his money.This week: Andy Ho of the VinaCapital Vietnam Opportunity Fund.

Southeast Asia has long been home to some of the world's fastest-growing economies, yet political issues and a perception that the region is dependent on China's fortunes have made some investors cautious about participating. But Vietnam is attracting increasing attention from around the world, and it is easy to see why: half of its population of 95 million is below the age of 35, while its growing middle class has more money to spend. This demographic picture is driving growth across many areas of the economy. Meanwhile, Vietnam's labour costs at roughly two-thirds of those in China have attracted investment from global manufacturers such as Samsung, LG, and Intel. Through the end of November 2017, registered foreign direct investment hit more than $33bn an 82% increase year-on-year.

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Andy Ho is manager of the VinaCapital Vietnam Opportunity Fund.