Andy Mukherjee & Nisha Gopalan, Columnists

Vietnam's Hot. Don't Get Burned

IPOs are booming but the market has a richer valuation than Shenzhen tech stocks.
Brent Lewin/Bloomberg
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For investors in Vietnam, discretion is increasingly the better part of valor.

You won't see any sign of caution in the current IPO frenzy, though. Far from slowing down, Southeast Asia's busiest market for stock offerings over the past year seems to be revving up.