Vietnam's Spotty IPO Record
This time a year ago Vietnam was one of the world's hottest frontier markets. Billions of dollars in foreign money were pouring into the country from hedge funds, private equity investors, and mutual funds from New York, London, Tokyo, and Hong Kong. When the Ho Chi Minh stock exchange closed for the Tet Lunar New Year holiday on Feb. 15 last year, the market was up 46%.
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