Vietnam Stocks Become World’s Best After Extreme Turmoil in March
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Vietnam’s stock market, which in March tumbled the most since 2001, is now reviving.
The benchmark VN Index has rebounded 15% in April, becoming the world’s best performer, data compiled by Bloomberg show. That follows last month’s 25% slump on concern about the coronavirus impact. The gauge, which has been in a bear market since 2018, is trading at about 11 times estimated earnings for the next year, less than the five-year average of 14 times.