Contagion may be the current watchword for emerging markets, but out on the frontier, it appears to be business as usual in Vietnam where investment activity has picked up again.
The country stands out as an isolated bright spot against a backdrop which saw the MSCI Emerging Markets Index report its worst weekly losses since February, as investors fretted about the strength of the US dollar, trade wars and crises across Argentina and Turkey.
Foreigners turned net buyers in Vietnam last month, overturning three months of net losses. The VN Index had fallen from a peak of 1,204 on April 9 to a low of 893.16 on...
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