Vietnam is following China’s footsteps in terms of economic growth and in the next 10 years they will produce great returns for investors, said Rob Lutts, founder and CIO of Cabot Money Management.
Vietnam entered the global financial community with the launch of its stock market nine years ago and has been doing quite well since. “Vietnam could double the S&P 500 over the next 10 years,” Lutts told CNBC.
According to Lutts, low-cost labor has attracted a high amount direct fixed investments. As an example, he said that General Electric has recently invested $61 million in a wind turbine plant in Vietnam.
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Vietnam Opportunity Fund —This is a good way to get exposure to exposure across Vietnam.
No immediate information was available for Lutts or his firm.
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