GLOBECOBS: SOME WAYS TO INVEST IN VIETNAM

Part Five - International Vietnam Funds.

Vietnam is among the most dynamic economies in the entire World. It has been growing at an average rate of about 7% during the past decade. Political stability and modernization, as well as favourable demographics, geography, growth fundamentals and strongly growing middle class, make this economy very interesting to foreign investors. Vietnam has been included into so-called CIVETS economies (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) another group of emerging economies that are following dynamic growth and development of the BRIC economies ( Brazil, Russia, India and China).

50 million numerous labour force is very young, low-cost but hard-working and highly ambitious. The middle class is strongly growing. The country joined the WTO in 2007. Although there are problems like 9% high inflation, trade deficits, government budget deficit and a recent devaluation of the national currency, Vietnam economy is set for growth.

Here are some of international funds investing in Vietnam:

Societè Generale Asset Management Vietnam Opportunities Fund

www.sgam.com

Lion Capital Investment Funds III – Vietnam Fund

www.ocbcam.com

Halman-Aldubi Vietnam and East Asia Mutual Fund

www.kranot-nemanut.co.il

Vietnam Growth Fund Ltd.

www.dragoncapital.com

TongYang Vietnam Privatization Balanced Investment Trust

www.tongyangfund.com

Korea Worldwide Vietnam Balanced Fund