|Phong Phu International Investment Joint Stock company in Phu Yen offers many jobs as the COVID-19 pandemic is contained (Photo: Xuan Trieu/ VNA)
According to the article, Vietnam is one of the Southeast Asian nations with a good grip on the pandemic and also stands to benefit from changes to value chains in the region.
It cited the view of Vietnam Holding, a London investment company that invests in high growth companies based in Vietnam, who considers Vietnam one of the best emerging markets in the world.
Vietnam’s stock market has been one of the best-performing markets in Asia, up 23% this year. Fund manager Dynam Capital Management was quoted as saying Vietnam now has over 4 million trading accounts, which equates to approximately 3% of the population.
Dynam Capital expressed optimism about Vietnam’s financial services, because Vietnam is a fast-evolving Asian economy that has not been saddled with the same pandemic issues. It said GDP growth looks solid and the population is big, giving it the sort of people power that will allow it to compete effectively in manufacturing and heavy industry.