(VOVWORLD) - Vietnam has been named by analysts at leading Wall Street banks as one of the three hottest markets in Southeast Asia, according to the US’s CNBC TV channel.
 Japanese businesses invest in Tan Thuan processing zone in Ho Chi Minh City. (File photo: Danh Lam/VNA) |
Analysts at Goldman Sachs and JPMorgan, when asked which Southeast Asian markets were their top picks, named Indonesia, Singapore, and Vietnam.
Desmond Loh, a portfolio manager at JPMorgan Asset Management, called Vietnam “a star performer in the past few years” in economic resiliency and growth.
Vietnam is one of the few economies to have seen positive economic growth throughout the pandemic, he said.
Geopolitical tensions around the world have been on the rise, but Southeast Asia’s markets may offer relative safety to investors, according to the top Wall Street investment banks.