Vietnam will pay off for you

Article Excerpt

VANECK VECTORS VIETNAM ETF, $10.33, is a buy for aggressive investors. The emerging market ETF (New York symbol VNM) lets you tap Vietnamese companies and foreign firms that get a significant share of their revenue from the Southeast Asian nation. Your top holdings through the ETF are Vingroup (conglomerate), 8.4%; Vietnam Dairy, 7.6%; Vinhomes (real estate), 7.3%; No Va Land Investment, 6.9%; Mani (Japanese medical instrument maker with a Vietnam factory), 6.8%; and the Bank for Foreign Trade of Vietnam, 6.3%. Investors pay a reasonable 0.68% MER. Vietnam’s quick response to COVID-19 seems to be containing the virus better than many emerging countries. Still, tourism has stopped and manufacturing has fallen off. Longer-term, though, the country’s enhanced appeal for foreign investors in the wake of the Sino-U.S. trade war remains intact and should pay off for investors. investors…

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