The global markets are saturated with products and manufacturers. The changes will take time to take hold and mean while currency issues could emerge. Any ideas?
would be nice to see vnm go on a run thru 20, but you never know what's in store in the s-t/m-t with this etf...
sorry, take a look at the trading volume over the last year. buying appears to be picking up noticeably in the last several months.
i'm no expert here, but does anyone else perceive mounting accumulation of shares in vnm? if china doesn't fall out of bed, maybe we'll move past the old 52 week high of 23.82 in the coming weeks, which is only 25% from where we currently stand.
given the small size of vietnam's market, along with the fact that vnm is basically the only dedicated-etf out there for the country, any material institutional interest returning to the market could result in quick, outsized returns. of course, the same holds true, only in reverse, in the case of unexpected negative market affecting developments. lol
also, a fed rate rise this year shouldn't pose too much of a problem as it'll be so modest - and expected.
yet another positive article touting vietnam's prospects as the country continues to move toward emerging market status.
i already have a core position in place in my retirement account and will be looking to add opportunistically as i'm sure it's going to be a bumpy ride over the next several years.
1st time a party chief visits u.s.
china and us will be courting vnm for trade/geopolitical considerations...all good for vnm in long-term.
also, vnm appears to be on track to be promoted from frontier market status into the ranks of emerging markets over the next couple of years. it's their stated aim, and it's clear they're finally taking concrete steps in that direction, including the recent relaxing of foreign ownership regs to 100% across non-strategic biz sectors.
“We are aware that as a developing country with a lower level of development compared to other partner countries in the TPP, Vietnam needs to make greater efforts to improve the legal system, investment policies and procedures in order to create a business environment more conducive to foreign investment,” (trong)
the general market looks pretty dicey, to state the obvious. plus, going forward it (unfortunately) appears pretty likely that the wheels are going to fall off in china at some indeterminate point, which should provide more buying opportunities in vnm, along with other assets.
in addition, the global financial system appears particularly vulnerable to any shocks, especially with the major central banks out of ammunition and interest rates already at near zero in the us and europe.
at the same time, asset prices in the emerging markets have done some serious correcting to date and interest rates in those parts of the world are at more normalized/higher levels.
anyway, for better or worse, i'm keeping some powder dry.
sorry - see bloomberg for the entire article...
between this move on the govt's part, the emerging TPP, and large planned investments by China and Japan in the region, some pieces appear to be falling into place to support a rise in the vnm equity markets. gl
"Vietnam will eliminate limits on foreign ownership in many listed companies, a step likely to spur investment inflows and reduce market volatility.
Overseas investors will be allowed to increase holdings of voting shares in a number of industries to 100 percent from 49 percent currently, according to a statement on the government’s website late Friday. The decree will take effect in September. The foreign investment cap in banks will remain at 30 percent."
It doesn't track the Ho Chi Minh Index, it tracks the MVVNMTR. #$%$ weakened by about 3-4% in the past year. Plus stocks like Charoen Pokphand Foods, Hansae (105630.KS), and Donaco International Limited (DNA.AX) that aren't part of the Ho Chi Minh Index have fallen quite a bit in the past year and even recently.