Vietnam is the ‘favourite' for investors seeking growth

HANOI (Bloomberg): Vietnamese stocks are some of the world’s most battered this year, but 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.