Vietnam stocks become world’s best after extreme turmoil in March

VIETNAM’S stock market, which in March tumbled the most since 2001, is now reviving.

The benchmark VN Index has rebounded 15% in April, becoming the world’s best performer, data compiled by Bloomberg show. That follows last month’s 25% slump on concern about the coronavirus impact. The gauge, which has been in a bear market since 2018, is trading at about 11 times estimated earnings for the next year, less than the five-year average of 14 times.