Skip to content
Subscriber Only

Vietnam’s Biggest Investors Expect Further Gains Despite Virus

  • VN Index could advance to 1,500 points on virus curbs: Dragon
  • Foreign investors turned net buyers in July after selloff

Vietnam’s nascent stock rebound could push on to fresh highs thanks to cheap valuations and a positive earnings outlook, according the country’s two biggest equity investors.

The VN Index may advance another 10% to 1,500 points provided that Covid-19 vaccinations curb new virus cases in coming weeks, according to Bill Stoops, chief investment officer at Dragon Capital Group Ltd., which manages $5.8 billion. Vietnam is dealing with the latest virus wave better than peers, according to $3.3 billion manager VinaCapital Group, which favors real estate and consumer companies.