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Time to sell in Vietnam, says Credit Suisse

Valuations don't reflect fundamentals and need to return to reality, the firm says.
The rally in Vietnam shares provides investors with a good opportunity to sell and stay out of the market until valuations better reflect fundamentals, according to Credit Suisse. "The market's recent run provides a good opportunity to take money out of Vietnam," Credit Suisse says in a recent report. "Valuations still appear unattractive given the considerable risks and difficulty of investing in Vietnam." Vietnam's price-to-earnings ratio of 31 times 12-month forward forecast earn…
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