Merrill Lynch touts the virtues of Vietnam

Merrill Lynch explains why investors should seriously look to Vietnam as an emerging market option.
Merrill Lynch leads the bandwagon of banks and investors who are bullish on Vietnam these days. The title of its latest Asian Insights report says it all Buy Vietnam û The Emerging Frontier of ASEAN.

The gist of the bankÆs argument is that ôthe pace of economic growth, policy reform and development in VietnamÆs capital markets now demand attention. One of the last frontier markets to emerge in Asia, we see Vietnam as a ten-year buy.ö

Some of the pro-Vietnam macro-main arguments include the fact that the economy has shown growth of above 7% since 2002, boasts annual foreign direct investment of about $5 billion and $4 billion of inward remittances. Its population is...
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