Vinacapital – a value play in Vietnam? As emerging markets go, Vietnam is one of the more exciting markets. The economy is growing steadily (over 5%), foreign direct investment reached multi-year highs 9% in 2015, the country is reforming its banking sector, and these changes are being felt across the economy. Real estate buying and investment is taking off with 45,000 units in Ho Chi Minh City – more than the total sold in the city over the past three years – and 12,000 units in Hanoi put to market during 2016. The country’s dramatic bank recapitalisation has been key…
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