Just over two years ago, a plunge in Vietnam’s stocks left Pham Nam with a loss of 2 billion dong ($76,269) and led him to sell his Hyundai car. Nam swore he’ll never invest again.
But a 22% rally this year in the benchmark VN Index has compelled Nam to wade back in with his savings. The 39-year-old is betting that FTSE Russell will upgrade Vietnam stocks to secondary emerging-market status from frontier in September.
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