The Ho Chi Minh Stock Exchange in HCM City. — Photo vneconomy.vn

Viet Nam has been picked by analysts from leading Wall Street banks as one of the three hottest markets in the Southeast Asian region, according to the US TV channel CNBC.

CNBC asked the analysts of Goldman Sachs and JPMorgan Asset Management which Southeast Asian markets were their top picks, and received Indonesia, Singapore and Viet Nam as the answer.

Desmond Loh, a portfolio manager at JPMorgan Asset Management, described Viet Nam as a “star performer in the past few years” in economic resiliency and growth. Viet Nam is one of the few economies globally to have seen positive economic growth throughout the pandemic, he added.

“To capitalise on the growth, we are positioned in high quality consumer proxies and banks,” he said, without naming specific stocks.

Earlier, in the one-page preview of his forthcoming book, the Time Travelling Economist, Charlie Robertson explains why Viet Nam ticks every box required to escape poverty, reach middle income status and converge towards developed market wealth levels.

Why is Viet Nam so favoured by global investors, that it accounts for 25 per cent of all the global money invested in Frontier equities, when Viet Nam is just one (5 per cent) out of 22 countries in the MSCI Frontier index? The economist mentioned Viet Nam’s investment in education, the country’s leadership and its success in reaping the benefits of the demographic dividend. — VNS