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Vietnam investors shrug off US trade risk for growth

Foreign investors in Vietnam stocks are shrugging off the threat of additional US tariffs on the country’s exports, even as the Southeast Asian manufacturing hub draws increased scrutiny from President Donald Trump’s government.

Robust economic growth and the government’s planned sale of stakes in state-controlled companies will offset dips in equity prices triggered by trade frictions, according to investors including Federico Parenti at Sempione Sim SpA in Milan.

Foreign investors have poured $854m into Vietnam’s $193bn stock market in the 12 months through 15 August, even as the benchmark Ho Chi Minh Stock Index was little changed in the period. The gauge has climbed 10 per cent so far this year, the most among Southeast Asian markets and outpacing the 0.8 per cent rise in the MSCI AC Asean Index.

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