The Brazilian central bank reported that August growth missed analysts’ projections, increasing only 0.08%. However, the economic news there is mixed, since a previous report from the bank showed unexpectedly strong job creation in September. Another report indicated a jump in retail sales in July and August. “With this outcome… we are maintaining for now our expectation of a slight retraction at the margin of the Brazilian economy in the third quarter,” according to the Brazilian bank Bradesco.
The past few weeks have taken us on a tour of investment opportunities in Asia and we now turn to Vietnam. The country is an agriculturally based, developing economy. Despite massive government interference, Vietnam is on-track for 5.65% growth this year. One way to invest in Vietnam is with the Market Vectors Vietnam ETF (VNM).
This non-diversified fund attempts to track the growth and performance, before fees and expenses, of an index of securities of Vietnamese companies.
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