News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Even after sell-off, stocks are not cheap based on shaky 2023 earnings estimatesInvestors are now starting to value stocks off of 2023 earnings.
Source: CNBC - 🏆 12. / 72 Read more »