Vietnam Snatches Back Asia’s Equity Crown as Foreigners Buy
- VN Index reverses early February slump, nears March 2007 peak
- Foreigners are buyers in February despite global turbulence
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The pessimism didn’t last long.
Just a few short weeks after a selloff in global equities knocked Vietnam out of its spot as Asia’s best-performing market this year, the nation has regained the crown. And this is just the beginning. The gains may extend, helping the VN Index surpass its March 2007 peak, as the gauge is forecast to reach 1,210 by end of 2018, according to a survey of 10 strategists by Bloomberg.