Wall Street names Vietnam among hottest Southeast Asian markets

This comes after CNBC asked analysts from Goldman Sachs and JPMorgan Asset Management which Southeast Asian markets were their top picks. The result revealed that the Vietnamese market is one of three top Southeast Asian picks for both Wall Street banks.

Desmond Loh, a portfolio manager at JPMorgan Asset Management, termed Vietnam a “star performer in the past few years” in terms of economic resiliency and growth.

He added that the country is one of the few economies globally to have seen positive economic growth throughout the course of the COVID-19 pandemic.

“To capitalise on the growth, we are positioned in high quality consumer proxies and banks,” he added, without naming specific stocks.

Elsewhere, Goldman Sachs remains bullish on the prospects of both Indonesia and Singapore moving forward.

Source: dtinews