The allure of investing into a country making its once in a lifetime transition is extremely difficult to resist.
Few doubt that process is accelerating in Vietnam, which is enjoying the heady combination of strong GDP growth 6.4% January to September, favourable demographics 55% of the country are under 34, rising incomes $2,200 nationwide and buoyant consumer confidence the fifth highest in the world according to Nielsen.
But it is not like the market hasn’t been here before a number of times and it has always ended badly in the past.
Are investors riding for a fall once more...
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