Shuli Ren, Columnist

Vietnam Is a Frontier Market for Good Reason

This is no place for old-school investors.

May 23, 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.

Large moves by a few companies can swing the broader market big-time.
Photographer: Phung Huynh Vu Qui/Getty Images

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Anyone visiting the vibrant and bustling metropolis that is Ho Chi Minh City would hesitate to call Vietnam a frontier market.

There are growing calls for the Southeast Asian economy to be included in the MSCI Emerging Markets Index. After all, even Argentina, which is seeking another IMF rescue, is on the watch list for an upgrade. And Vietnam has better liquidity than the Philippines, which is already there.