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Vietnam, Close To Bottom?

|Includes:VanEck Vectors Vietnam ETF (VNM)

I received the below alert in my e-mail today from Seeking Alpha. For readers interested in more on Vietnam, at this time I'd recommend checking out the work of Peter Pham and Futures Asia. There may be other authors on Vietnam on Seeking Alpha, but those are the two I know.

The update below suggests thing are getting bad. Maybe they're getting close to bottom? I know a few people have suggested I put Vietnam on my list of places to go soon because they think it is getting near a bottom and that stocks there are cheap. All below this line is from my e-mail in box via Seeking Alpha:

8:23 AM Is a bell ringing in Vietnam? The country's largest investment fund is closing shop 5 years after its launch coincided with the stock market's peak. The Ho Chi Minh Index has lost more than 60% of its value since the SSI Vision Fund opened for business, and its investors want what's left of their money back. VNM -1.6% Y/Y. (Read the comments on this)

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Stocks: VNM