may experience some decent growth for the year though Fitch Ratings
downgraded Vietnam's sovereign rating to B+, said the website
http://www.etftrends.com .
Vietnamese economy and the country-related exchange traded fund (ETF)
may experience some decent growth for the year though Fitch Ratings
downgraded Vietnam's sovereign rating to B+, said the website
http://www.etftrends.com .
ETF Vietnam, named Van
Eck Market Vectors Vietnam (VMN), tracks a custom index of equities from
firms that generate more than 50 percent of their revenues in Vietnam.
Van Eck launched the ETF Vietnam on the New York exchange market a year
ago.
According to the website, as the Vietnamese dong depreciated, VMN has been trading few points down.
The web quoted Joshua Ritchie as writing for MintLife that the biggest
driver in Vietnam’s economy is export growth. The country benefits from
having a young and ambitious population to add to the future growth of
the country./.
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