Vietnam Is Asia’s Best Stock Market Performer in May
- Nation aims for equities upgrade to MSCI emerging market index
- Central bank manages currency to ensure price stability
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Vietnam has managed to repeat its success of containing a virus outbreak, helping make the nation’s stock market Asia’s top performer this month.
The benchmark equity index has rallied 13% in May, driven mainly by local investors as foreign funds pulled money from risk assets. Vietnam’s currency has rebounded more than 1% after sliding to a record low in March during the global selloff.