Vietnam managed to control COVID-19 without excessive damage to its economy. As a result, it’s one of the few countries that will grow GDP in 2020.
Vietnam’s export sector has grown consistently in the past decade, and recent trends are accelerating this growth. Increased FDI will drive higher consumer spending in the near future.Since 2016, Vietnam has benefited as more companies shift production away from China to avoid getting caught up in the US- China trade war. COVID-19 accelerated the global reordering of supply chains that is poised to drive further economic growth in Vietnam.
The real estate sector in Vietnam has also been thriving in spite of the pandemic.
VNM is a country ETF concentrated in the most resilient sectors of Vietnam’s market.
Vietnamese stocks will attract more attention in the coming months and years. The possibility of another “Asian Miracle” creates a potential high return setup.
https://seekingalpha.com/article/4387999-vnm-vietnamese-stocks-are-poised-to-outperform