A Look at Vietnam

Robert Hsu, March 08, 2008

Vietnam experienced the second-fastest rate of growth in all of Asia last year. The country's economy grew by an impressive 8.4% in 2005 and accelerated to more than 9% in 2006, putting it just behind China and ahead of India. And on top of that, Vietnam's stock market was the world's top-performing stock market in 2006 -- up nearly 160%! Behind the feverish pace of expansion is are the advantages of low wages and favorable demographics.

So it seems like time for investors to charge into Vietnam, right? Not so fast. Despite the country's strong growth and potential, it's too early for us as individual investors to invest in Vietnam. There is too much risk involved, as the economy is still developing. But I expect moneymaking opportunities to eventually crop up in Vietnam, so I will keep an eye on the situation and be sure to let you know when the time is right for us to make our move.

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