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Vietnam Stocks Set to Rally Further Despite Virus Resurgence

  • Local market has surged more than 7% since late April
  • Retail investors have been attracted to market in their droves
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WATCH: Stephen McKeever, head of institutional markets at Ho Chi Minh City Securities, discusses Vietnam stocks, what’s driving the gains and where he’s finding opportunities.(Source: Bloomberg)

Despite Vietnam’s latest wave of Covid-19, the country’s benchmark index is the region’s top performer with a 21% gain this year. Analysts say it has further to run.

The Vietnam Ho Chi Minh Stock Index could rise as much as 12% more to 1,500 points by the end of the year, analysts say, supported by retail demand for stocks at relatively attractive valuations.