Plans by Vietnamese policymakers and the central bank to lift foreign ownership limits are widely known and date back to early 2013. [Another Rally for the Vietnam ETF]

Vietnam is classified as a frontier market and is the tenth-largest country weight in the iShares MSCI Frontier 100 ETF (NYSEArca: FM). VNM trades at a P/E of 13.48 and a price-to-book ratio of 1.58, according to Market Vectors data. Those are discounts to FM’s P/E of 20.56 and the frontier fund’s price-to-book of 3.29.

Market Vectors Vietnam ETF

 

ETF Trends editorial team contributed to this post.