Vietnam has also been strengthening this year while other emerging economies have faltered. According to Capital Economics, Vietnam is one of just five emerging countries, as well as the only Asian country, whose economy is expanding above its average growth rate since 2010, reports Tim Maverick for Trefis. Economists anticipate the Vietnamese economy could grow 6.1% this year and 6.2% in 2016 after expanding 6.0% in 2014.
Indonesia’s markets are also strengthening on the new Trans-Pacific Partnership deal. Additionally, optimism over an economic stimulus fueled recent gains.
Indonesia’s chief economic minister stated that the government will cut prices of diesel fuel, jet fuel and natural gas for industry as part of a third round of economic stimulus measures, reports Viparat Jantraprap for Reuters.
Market Vectors Vietnam ETF
For more information on the developing economies, visit our emerging markets category.
Max Chen contributed to this article.