Vietnam Public Equities Continue to Disappoint

The Vietnam stock markets just completed another bad week.  The VN Index closed the week below 380 for the first time in two and a half years — although still well above the 236 bottom posted earlier in 2009 during the global recession. 

Trying to improve the climate for public equity investing, the government plans to permit open-ended funds, exchange traded funds, real estate investment trusts, pension funds and other products over the next year.  Regulations on REITs and pension funds are due by  mid-2012.

There appears to be a sense of urgency behind the changes.  Vietnam stocks have the worst performance in Asia in 2011 (down 20%), and foreign investors have been losing interest in Vietnam over the past two years.

More on Vietnam stock changes

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