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

HÀ NỘI — Việt 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 Việt Nam as the answer.

Desmond Loh, a portfolio manager at JPMorgan Asset Management, described Việt Nam as a “star performer in the past few years” in economic resiliency and growth. Việt 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 Việt Nam ticks every box required to escape poverty, reach middle income status and converge towards developed market wealth levels.

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