Vietnam: The best emerging market is still spoilt by foreign ownership limits

  • Vietnam has it all: manufacturing exports, consumption growth, infrastructure upgrade, low politics risk, tourism upside

  • Small wonder it is a consensus favourite of frontier and emerging market investors, up 60% in the last year, 25% ytd

  • But foreign ownership limits still spoil the investment case; merely 23% of MSCI Vietnam is accessible for foreigners
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