My original investment in the DB Vietnam Tracker (HK:3087) has been a very poor one - I am down about 43% on original cost. Inflation/currency depreciation have been major contributors to the poor performance.
That said, my expectation that Vietnam will make considerable economic progress remains intact. Economic liberalisation, development of the rule of law, recognition and protection of private property rights, improving infrastructure (especially in transportation and communications), improving education standards are supported by anecdotal stories of manufacturing shifting from the PRC (among other places) to Vietnam. The demographic profile (a very young population) is also a positive.
This morning I added some additional units to the portfolio at a price of HK$162.50.