Vietnam stocks bounce back after being world’s worst

Investors have returned to Vietnam after the tumble in stock prices last year made valuations attractive, and the government vowed more measures to help floundering businesses and bolster economic growth. — Bloomberg

HANOI: Vietnam stocks are outshining their regional peers due to interest rate cuts and government aid, a stark turnaround after being the world’s worst-performing share market last year.

The benchmark VN Index has rallied 9.8% in 2023, while equities have struggled across the rest of South-East Asia. Last year’s star performer, the Jakarta Composite Index, has dropped 2.4%.