Don't miss out on Vietnam

Like China, Vietnam is a one-party state moving towards a market-led economy. But it is years behind China in development. And so it offers the chance to invest in a China-type story at a much earlier stage. Cris Sholto Heaton looks into this exciting frontier market, and explains the best ways to invest before it's too late.

This week's MoneyWeek Asia is driven by two bits of news. The first is that Vietnam has been forced to devalue its currency, the dong, after insisting for some time that it wouldn't do so. The other news is that I've just bought a new pair of shoes.

How do these fit together? Well, this email is all about Vietnam. And those shoes are the first decent pair I've ever owned that were made there.

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DB x-trackers FTSE Vietnam0.85%DE, FR, GB, GB$, HK, IT, SG
Van Eck Market Vectors Vietnam1.42%US
DWS Vietnam FundEquity and debtDE:V2V
JSM IndochinaReal estateLN:JSM
Vietnam Equity HoldingGeneralDE:3MS
Vietnam HoldingPrivatisationsLN:VNH
Vietnam Infrastructure FundInfrastructureLN:VNI
Vietnam Opportunity FundGeneralLN:VOF
Vietnam Property FundReal estateLN:VPF
Vietnam Property HoldingReal estateDE:3MT
VinaLandReal estateLN:VNL
Cris Sholto Heaton

Cris Sholto Heaton is an investment analyst and writer who has been contributing to MoneyWeek since 2006 and was managing editor of the magazine between 2016 and 2018. He is especially interested in international investing, believing many investors still focus too much on their home markets and that it pays to take advantage of all the opportunities the world offers. He often writes about Asian equities, international income and global asset allocation.

Cris began his career in financial services consultancy at PwC and Lane Clark & Peacock, before an abrupt change of direction into oil, gas and energy at Petroleum Economist and Platts and subsequently into investment research and writing. In addition to his articles for MoneyWeek, he also works with a number of asset managers, consultancies and financial information providers.

He holds the Chartered Financial Analyst designation and the Investment Management Certificate, as well as degrees in finance and mathematics. He has also studied acting, film-making and photography, and strongly suspects that an awareness of what makes a compelling story is just as important for understanding markets as any amount of qualifications.