Private Investor News - `PEP` Upbeat On Vietnamese Stocks
Released on: September 19, 2008, 2:06 am
Press Release Author: Lisa Hardcastle
Industry: Financial
Press Release Summary: “Private Equity Placement”: Despite sharp drops, Vietnam’s equities are superb value for private investors
Press Release Body: Although Vietnam's benchmark stock index slumped the most in more than five months on concern that the government will keep interest rates at the highest in Asia, Private Equity Placement have signaled their optimism that the country possesses enormous potential for growth.
The Ho Chi Minh City Stock Exchange's VN Index dropped 4.2 percent to 476, the most since March 25 but sources close to Private Equity Placement reportedly said that this presented opportunities to acquire stock in world class companies in a country with one of the world’s highest literacy rates and a cheap workforce.
Interest rates have been kept high to tackle inflationary pressures and these are receding. Private Equity Placement believes that Asia will emerge from the global slowdown before western economies.
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