Asia’s Hottest Stock Market Has Vietnam Primed for Inflows
- Country’s market capitalization rose 70% in past year
- Retail investors piling in helped stocks turnover quadruple
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Individual investors are piling into Vietnam stocks at an unprecedented pace, fueling Asia’s biggest rally and stoking speculation that foreign funds will return after fleeing the market over the past year.
The country’s benchmark VN Index soared 17% in the three months ended April 30, beating every major market in the region and almost doubling gains from the S&P 500 Index.