Emerging Markets 

Finding value in Vietnam

Finding value in Vietnam

It mightn’t be ideal to preface one of our country reviews with a caveat, but we should point out that, strictly speaking, the latest subject of our emerging markets series is an interloper. Vietnam is still defined as a frontier market under the latest FTSE Annual Country Classification Review, although it is being added to the watch list for possible reclassification as Secondary Emerging. And that represents a potential opportunity because these types of reclassifications don’t happen often, so their effects aren’t always factored into market valuations.

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