Bloomberg interviewed emerging markets veteran Mark Mobius, who shared his belief that Vietnamese stocks have tremendous investment potential. Bloomberg’s Van Nguyen wrote this morning:

Vietnam’s stock market offers investment opportunities after a 45 percent slump this year, said Mark Mobius, executive chairman of Templeton Asset Management Ltd.

“Vietnam’s stock market now is down, so there are more opportunities,” Mobius said in an interview in Ho Chi Minh City, where Templeton opened its Vietnam representative office today. “The market will go up and will be much more valuable in about three years.”

Mobius, who oversees about $40 billion in emerging-market equities, is increasing Templeton’s investments in Vietnam after it bought a 49 percent stake in the fund management unit of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, known as Vietcombank Fund Management, earlier this year.

Ho Chi Minh City (Saigon), Vietnam

Nguyen noted the sectors Templeton’s Mobius is targeting. From the Bloomberg piece:

In Vietnam, Templeton will invest in retail banking, manufacturing and agriculture companies on Ho Chi Minh City’s stock exchange, Mobuis said. He expects the country’s economy to expand about 6 percent this year.

Source:

“Vietnam’s Stock Market Attractive for Investors, Mobius Says”
Van Nguyen
Bloomberg, August 22, 2008

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