Going forward, Vietnam is looking at increasing foreign ownership in Vietnamese companies and banks. Sometime this year the ownership could rise from the current 49%, and 30% ownership caps, respectively. [Frontier Market ETFs: Get in on the Ground Floor]

Zacks reports that Vietnamese equity valuations are low compared to historical levels, and compared to other Southeast Asian nations such as Thailand or the Philippines.

Market Vectors Vietnam ETF

Tisha Guerrero contributed to this article.