Investment Ideas: Vietnam deep dive

I explain why GEMs as an asset class don’t work and spin through a bunch of charts, plus I make the case for investing in Vietnam vs. India. And the funds to invest in.

Programming note: I’m off next week, travelling, so no letters. For the week after – the week commencing June 9 - I’ll send out a weekly note.

As I mentioned in my opening comments from this weekend’s Links, I visited Vietnam for the first time in January. I wanted to see why so many people seem excited by this country's problematic past and whether Viet…