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Corona Capital: Vietnam, Vaccine investment

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Vietnam leads the Asia bounceback and Singapore’s Temasek places an each-way vaccine bet. Catch up with the latest pandemic-related financial insights from Breakingviews here:

Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.Vietnam’s economy eked out 0.36% growth in the second quarter compared to the same period a year earlier, a

in Asia, where most countries are forecast to shrink this year. Hanoi has successfully contained Covid-19, and while tourism is unlikely to recover anytime soonthere are green shoots: industrial output for June was up an encouraging 7%. Factories are open and foreign companies are active once more, especially as they look to diversify supply chains away from China. U.S.

plans last week to open its first research and development facility in the country. Vietnam is bouncing back. Temasek is hoping for extra bang from its vaccine investment buck. The Singapore sovereign wealth fund, along with other investors,

 

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