Wednesday, September 15, 2010

Top Vietnam Stocks

Emerging markets, especially those in south Asia and southeast Asia, are now the hot item on Wall Street. Did you see the article on Thailand stocks last week, up over 30% in three months? Many investors think that Viet Nam may be the next China. The economy has grown significantly in Viet Nam over the last few years.

For example, the Ho Chi Minh City Stock Exchange and the Tokyo Stock Exchange have a partnership which involves sharing of investment and technology information. Nike (NKE) has been manufacturing in Vietnam for over 12 years. Intel (INTC) also has operations in Vietnam.

So how do you buy Vietnam stocks? You would need to have access to the Ho Chi Minh City Stock Exchange, if you are interested in buying individual Vietnam stocks directly, such as:
Tienphong Plastic Joint Stock Company (HST:NTP) plastic pipe manufacturer
Ho Chi Minh City Infrastructure Investment (HCM:CII) infrastructure development
Phuong Nam Culture Joint Stock Corp. (HCM:PNC) media company
Tuong An Vegetable Oil Joint Stock Co (HCM:TAC) food products
Do Thanh Technology Corp. (HCM:DTT) plastic products

However, there are a couple other ways of investing in Vietnam stocks. The Vietnam Opportunity Fund (VTOPF.PK) (VOF.L) is one of the largest Vietnam closed end funds, and it trades on the London Stock Exchange and occasionally on the Pink Sheets in the United States. The fund is up about 4.9% over the last three months.

Vietnam Holding Ltd. (VNMHF.PK) (VNH.L) is another closed end investment fund managed by Vietnam Holding Asset Management Ltd., with offices in Hanoi and Ho Chi Minh City. It also trades on both the Pink and the London Stock Exchange. They invest primarily in privatized State Owned Enterprises. The fund is up 14.3% over the last three months.

There is also a bank in the United States that specializes in providing banking services to the Vietnamese business community in Southern California, called Saigon National Bank (SAGN.OB). Latest reported earnings were negative.

Dot VN, Inc. (DTVI.OB), the domain registrar for the Vietnam [.VN] country domain, is a San Diego company, which also has offices in Hanoi and Ho Chi Minh City, Vietnam, and has a deal with the Vietnam Internet Network Information Center to register and sell the Vietnam country code Top Level Domain, and works with numerous domain resellers, such as VeriSign Inc. (VRSN) and Melbourne IT Ltd. (MLBEF.PK). The company has been in business since 2001. Latest reported earnings were negative.

An easier way to invest would be through the Market Vectors Vietnam ETF (VNM) which invests in various Vietnamese companies. During the last three months, the fund was down.

To see articles on other stocks from countries around the world, check out

Author does not own any of the above. Many of the Vietnamese stocks described above are very low cap and should be considered very speculative.


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