The country is making progress on opening up for investment, but it's unlikely to win MSCI emerging-market status this year, says Kevin Snowball of PXP Vietnam Asset Management.
The Vietnamese asset manager expects to see trading of shares in the $850 million fund on the London Stock Exchange as early as July.
India and Vietnam look particularly good value, while Hong Kong is now the cheapest major stock market in the world after Russia, says William Ma of wealth manager Noah Holdings.
The country's labour and finance ministries are fighting over control of the introduction of corporate pension funds.
Vietnamese companies are slow to allow foreign investors greater share allocations, even as the country’s prospects brighten.
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Shenzhen connect awaits cabinet approval; Vietnam foreign ownership boost; Funds not too-big-to-fail; MPFA shelves adjustment proposal; Australia update on collective action
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Vietnam equities are on a tear, but US asset manager Invesco still has zero allocation to the market, despite bullishness among local players.
VPBank Securities intends to create Vietnam’s first onshore private banking service, which must overcome several hurdles if it is to succeed.
VietFund Management is marketing a domestic exchange-traded fund that will not be subject to foreign-ownership limits.
The Singapore-based asset manager opened an office in Ho Chi Minh City in March with a view to developing the strategy, which will go live next month.
Norway's $850 billion sovereign wealth fund is said to have handed out four Southeast Asian single-country equity portfolios worth some $1 billion in total in recent months.
Dennis Nguyen of New Asia Partners says more investors are seeking deals in Vietnam's nascent business sector as deal valuations appear overheated in nearby Indonesia.
Asia Frontier Capital starts accepting subscriptions for its first open-ended fund today, with COO Thomas Hugger arguing that Vietnam is cheap compared to other Asean markets.