Hi Chainik, thanks for joining the crowd here! )
I agree with you, the lack of interest is a huge plus, I KNOW Vietnam is going to be a great investment success story in the coming years. I feel very good having funds in place, patiently waiting for the economic development of that great little country.
Faber is one person that I always listen to with all my attention. I am very happy to see him so enthused about Vietnam.
For the time being, I have all of my Vietnam investment with VTOPF, I'm looking to diversify, but like you said...everything else looks like a big gamble at this point. The VINA Capital Group is very deeply ingrained in the development of Vietnam, I believe they have the nod from the government, so I can't see anything that has better access, or will have a greater chance of making money in Vietnam. I belive other candidates will become obvious down the road, but I have no idea what they are right now.
I'll be going back to Vietnam in November, and I'll be looking for company specific ideas.
I think VTOPF got a great pop from Vietnam's admission to the WTO, and getting most favored nation trading status news....and probably from Faber's endorsement. Now they need to start showing investment success and profits. I don't think this is going take too terribly long, things move very quickly there, Vietnam wants to be a player, and soon.
Thanks again for joining our little group, hopefully we will see a profitable and fun ride before too long.
Scott |
