Vietnam's stock market may be ready to stage a turnaround after a 27% fall last year. Analysts...

|By:, SA News Editor

Vietnam's stock market may be ready to stage a turnaround after a 27% fall last year. Analysts point to aggressive rate cutting and government stimulus measures that are gaining traction. The market is also cheap, trading at 9x earnings vs. a historical range of 8-35. By year-end, the index could rise to 460 from today's 405, and could see 30-40% upside next year.