Prior to heading off to Thailand for a great Christmas holiday with my family, I placed a limit order for the locally listed Vietnam ETF. Given the pace of Vietnam's development, it's very favourable demographics, progress on economic liberalisation and relatively modest valuation metrics my expectations are that, over time, Vietnam's stock market will reflect that potential.
My limit order was hit at HKD286 per unit - the day before the country's credit rating was downgraded. Since the credit downgrade was well anticipated, the impact on the share market has been minimal and the greater risk to this investment remains currency devaluation.
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