Asia-Pacific stock market analysts are lauding Viet Nam 's burgeoning bourses as being rife with opportunity and potential boons for foreign investors eager to clamber into South East Asia 's fastest growing markets.
Paul Masi, a Pacific Asia market specialist for global giant, Merrill Lynch, said that Viet Nam is one of the last bastions of the market place yet to be truly exploited and is home to massive potential for permanent growth.
Viet Nam 's exchanges have been in an ebullient atmosphere on the heels of sharp increases of the VN-index in particular, since 2006. The growth of the index has led all other markets in the region with more expected to come as the number of registered companies and bond and stock issuances on the exchange continues to mushroom.
Spencer White, also from Merrill Lynch shared the view of his colleague and pointed to Viet nam 's bonds markets as being highly undervalued and ripe for high returns.
Observers have credited much of the market growth to the Vietnamese government's policy of opening up over the last two decades and its continued release of its 10-15 year economic targets that have been instrumental in securing investor confidence.
Viet Nam’s GDP has been forecast to increase by 8,5 percent this year and it's presence on the international stage has been heightened thanks to its successful hosting of APEC last year and the inclusion into the world's largest trade body, the WTO early this year. Experts all point to these areas as key components that allow the country to attract greater amounts of foreign investment that in turn provides the platform for stock market growth.
Source: VNA
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