Vietnam Stocks Set for Best Year Since 2009, VNDirect Says

Vietnam’s benchmark stock index may be poised for its best year since 2009 as accelerating economic growth and low bank deposit rates draw investors to equities, according to the country’s fourth-largest brokerage.

The VN Index will climb to 620 by the end of the year, a 5 percent gain from its closing level today, Nguyen Hoang Giang, chief executive officer at VNDirect Securities Corp., said in an interview. The gauge has increased 17 percent in 2014, the second-best performer among Southeast Asian markets.