“Moody’s Investors Service estimated bad debt at Vietnamese banks comprised at least 15 percent of total assets in a note last month,” Bloomberg reported. The Vietnamese Asset Management Company, that country’s spin on TARP, has purchased almost $2 billion in bad loans and debt since the end of 2013. In the past 90 days, VNM has surged 20.1%, easily outpacing major emerging and frontier markets benchmarks in the process.
On Monday, Vietnam’s benchmark VN Index touched a new 52-week high Monday, helped by news of VNM buying some new securities to add to its lineup. VNM is adding food producer Masan Group and Petrovietnam Transportation along with real estate firms Vingroup and HAGL, Reuters reported.
Market Vectors Vietnam ETF
