Rapid growth: A view of Old Quarter in Hanoi. Analysts so far have remained positive on Vietnam, projecting that the nation’s companies will manage to post record earnings.
Hanoi: Vietnamese stocks are some of the world’s most battered this year, yet market watchers are backing a turnaround.
They’re pointing to valuations that haven’t been this cheap since 2017 and an economy that’s been growing 5% or more each year for two decades. The nation’s benchmark gauge has almost completely erased its 2019 returns and now trades at about 12 times estimated earnings over the next year.
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