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Viet Nam – Asian tiger not discovered yet (08/02)
06/08/2010 - 260 Lượt xem
He was quoted by the UK ’s Financial Times as saying that, “I wouldn't want to put 7 percent of the fund in Viet Nam because in the short term I think it will have a bit of a pullback, but on a 10-year basis I think it presents an interesting opportunity.”
Viet Nam 's labour rates are about a quarter of those of Chinese labourers. “The Vietnamese have a good work ethic," Chatfield-Roberts added.
The Jupiter’s fund is quite diversified as it has 372 holdings. The biggest of these is a stake of 1.69 percent in Dragon Capital's Viet Nam growth fund.
The same day, the Financial Times carried another article saying that Viet Nam's fast-growing stock market plans to switch to a more sophisticated real-time trading system in April to overcome bottlenecks caused by a massive surge in trading volumes over the past year.
In an interview with the paper, Tra Ly, executive vice president of the stock exchange, said that the six-year-old stock market also plans to install a second-generation trading system within two years to help support further expansion and growth.
“That will resolve questions or doubts about the capacity of the system to handle trading volumes," he said.
Viet Nam 's stock market has seen massive growth over the past year, as international investors have sought exposure to one of Asia 's fastest-growing economies and local companies have cashed in on optimism about the country's prospects.
Source: VNA
