Cheap valuations, strong growth: Fund manager says it's time to buy Vietnam stocks

📆 07-06-22 09:25:00
📰 CNBC

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Vietnam's stock index has fallen more than 10% this year, and one portfolio manager says now is a 'good time to consider investing in Vietnam.'

The VN index in Vietnam has fallen more than 10% this year, and Dragon Capital's Thao Ngo says it's time for investors to enter the market.

Ngo outlined multiple reasons why the firm is bullish on the Southeast Asian economy, including political stability and its macro policy. As of Monday's close, the VN index has fallen close to 14% for the year — a sharp reversal following two years of blockbuster gains for the benchmark index in the earlier phase of the pandemic.

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