dchua1969

Vietnam - a long term play

Long
dchua1969 Updated   
AMEX:VNM   VanEck Vietnam ETF
VNM is the closest ETF that one can get to its stock markets. About 50% of its components lies in real estate and financial institutions. Like all emerging markets, these are the sectors that drives the economy. Banks liberalised, lend more money out, developers borrowed cheaply, build projects to attract investors, bringing local economy up.

From lowering of its corporate tax from 25% to 22%, Vietnam has come a long way. It's reform is gaining traction and I believe 2020 and beyond will be shining brightly on VNM .

Comment:
broke down from bullish channel with a bearish candle and looks like it will revisit the support at 14.47.
Comment:
One of the earliest country that emerge out of the Covid-19 nightmare has used up all its luck . The Covid-19 virus is back and is causing a panic wave among the business owners and people living in the country.
https://www.scmp.com/week-asia/health-en...
Comment:
expecting some correction to come , it has been a 70 degree upward rise since the March low
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