Vietnam is already rapidly industrializing and reducing barriers to trade. However, it is still a frontier market with low prices and abundant opportunities for value investors.
Vietnam’s GDP increased by 7.1% in 2018 and The Asian Development Bank forecasts continued strong growth of 6.8% in 2019 and 6.7% in 2020. We believe that the significant gains generated by industrialization elsewhere (in Asia) are only beginning in Vietnam.