Shuli Ren, Columnist

Vietnam May Be in for Some Inclement Weather

Second-guessing MSCI is a dangerous game.

April 8, 2018 at 10:00 PM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

1523002199_GettyImages-167648173 — Photographer: Peter Charlesworth/Getty Images

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The heat in Ho Chi Minh City these days is almost too intense to bear.

Having returned 52 percent in 2017, Vietnam is on track to be Asia's best-performing market for a second year in a row. The Vietnam Stock Index is already up 22 percent. Since January, foreigners have purchased more than $440 million of local shares, after scooping up a record $1 billion last year.