Vietnam’s Biggest Fund Sees Stock Benchmark Rising 17% in 2017
- VN Index to extend 2016’s 15% gain, VinaCapital says
- Expanding economy, sale of government assets to boost stocks
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Vietnam’s stock benchmark will rise as much as 17 percent this year as an expanding economy and the sale of stakes in state-owned businesses lure investors, the nation’s largest fund manager said. That would follow a 15 percent climb in 2016.
“The macro situation looks very favorable,” said Alan Pham, Ho Chi Minh City-based chief economist of VinaCapital Group, which manages about $2 billion in assets. He expects Vietnam’s economy to expand 6.5 percent in 2017, up from 6.2 percent last year.