Marc Faber Tips Vietnam Investments

As the keynote speaker at the Vietnam Investment Forum 2014, co-organised by Vietnam Investment Review, HVS Vietnam Securities Co. and Hong Kong-based Asia Frontier Capital (AFC), the investment guru focused on global macro-economic trends and geopolitical as well as financial trends. He also analysed the Vietnamese stock market.
“Vietnamese work hard and they have ambitions. Investors like countries with highly ambitious people,” said Faber, chairman of both Indochina Capital and the Dragon Capital-managed Vietnam Growth Fund. The investment guru has been involved in Vietnam since the early 1990s when Indochina Capital built their first project at the Furama Resort in Danang. After selling this resort, the firm then built the nearby luxury Nam Hai retreat. Indochina Capital are also investors in the Hyatt Hotel in Danang. - via www.vietnamnet.vn




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Vietnam still a good place to invest

Speaking at a Vietnam Investment Forum (VIF) late last week in HCM City, Faber said that the Vietnamese market had been growing well since 2010 with a stable growth rate of over 15 percent, despite many difficulties. Faber began making investments in Vietnam in the 1990s and they have all been profitable projects.“Vietnam has an attractive investment environment. Vietnam’s economy has been affected by the tensions with China in the East Sea. But I believe Vietnamese and Chinese diplomats will find a way to ease the tensions. I will continue investing in Vietnam,” he said. - via Vietnamnet.vn



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Marc Faber Talks Vietnam Investment & Vietnamese Stocks

Marc Faber: Vietnamese Stocks Bottoming Out | Vietnam Investment Forum Insight | Squawkonomics
Ahead of the 2014 Vietnam Investment Forum, Marc Faber explains to Keith Hilden of Squawkonomics how Vietnamese stocks are in a bottoming out phase, and valuations for Vietnamese equities look very attractive right now.






Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Vietnam and Iraq Most Attractive Emerging Markets

The most attractive stock markets macro economically and technically in terms of valuation is probably Vietnam and Iraq, which as an economy is not problem-free but it will grow; the valuations are extremely low. So, these two markets will perform reasonably well.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Dr Marc Faber to speak in Vietnam on June 19 2014

Dr Marc Faber  is scheduled to reiterate how global bubbles are created and predict when they will burst at the Vietnam Investment Forum (VIF) 2014 to be co-organised by VIR, Malaysian-owned HVS Securities Co. and Hong Kong-based Asia Frontier Capital (AFC).
 “Given all the money printing that is going on globally – and not just in the US – and given that the total credit as a percent of the advanced economies is now 30 per cent higher than in 2007 before the crisis hit, I think that gold is a good insurance.”
“I’d rather buy something that is reasonably priced. And, I think gold shares are very inexpensive. So a basket of gold shares I think next year (2014) could easily appreciate 30 per cent. “I think the Vietnamese stock market will continue to rise.” He said last year

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Vietnam is better than China , if you believe in the Chinese recovery

ETF.com: You accurately predicted the rise of China more than 10 years ago in the early 2000s. Fast-forward to 2014—Is China still a good place to invest today?

Faber: It hasn't been a good place to invest for stock investors since 2006, whereby this is a comment based on the market index. If you bought Internet-related stocks in China—like Baidu and so forth—a few years ago, you've done very well. So we have to distinguish in the world that some stocks have done well and some have done badly.
In general, I would say that the stock market in China is now not particularly expensive. It's been going down since 2006, essentially. At the same time, we have very questionable accounting standards. We have had a huge credit bubble in the last five years. How this credit bubble will be deflated and what the impact will be on the economy, we don't know yet for sure. I can hardly think that it will be particularly favorable. I think that Chinese stocks may not go necessarily much lower, but I doubt that they'll go up substantially.
If you want to play a recovery in China, then I think you're better off buying Hong Kong shares, because in Hong Kong, you have reasonably good corporate governance, you have very-well-managed companies, which are owned largely by families. So the families are ready to be conservative in their dealings. They have low leverage. So if you believe that China is bottoming out and going up, I would own some Hong Kong shares, as I do.
Another recovery play—a market that has a similarly poor performance to China over the last few years—is Vietnam, which is very cheap, which has deleverage and improving fundamentals in terms of growing trade surplus, rising exports and so on. So I think Vietnam is better than China itself, if you believe in the Chinese recovery.

ETF.com: When you say Hong Kong, are you talking about H-shares (H.K.-listed Chinese companies), or Hong Kong companies?

Faber: No, the entire Hong Kong market. A Chinese recovery would essentially mean that the property market in China is not overheated, and that property prices will not decline. In which case, Hong Kong property companies would become rather attractive, because they sell, in some cases, at almost a 50 percent discount the net asset value.

ETF.com: So you would favor something like the Hang Seng Index?

Faber: Correct.

ETF.com: The big news recently out of China has been this cross-exchange trading between Hong Kong and Shanghai that’s expected to take place in about six months. Is this a game changer, or somewhat of a yawner?

Faber: I think it's more of a yawner. But it's very clear that China over time will have an open foreign exchange market and capital market. It's a step in the right direction, but it's a very small step.





Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Bullish on Tourism in Macau Vietnam & Thailand

dr. Marc Faber remain Bullish on Tourism in Macau Vietnam & Thailand

“I have seen Macau go from a sleepy village to a gambling centre seven times the size of Las Vegas,” says Faber. “Chinese tourism in Thailand grew by 90% last year.” Tourism is one reason he’s keen on Vietnam.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Marc Faber Buying Vietnamese Stocks & Real Estate in Da Nang Port City

Marc Faber : ‘Exports in Vietnam have outperformed any other economy in the region and if you look at flights to Da Nang ( a Vietnamese port city)  they are increasing and I think the whole region around Da Nang is going to boom.’
‘I recently bought some shares and I had already bought real estate.’- recently in Citywire



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Vietnam : There are a lot of bad loans in the Banking System

You were in Vietnam recently. What is your assessment?
Marc Faber : There are a lot of bad loans in the banking system, and the stock market has fallen 70% from the highs. But exports are strong, and the people are hard-working. There is a 35-kilometer stretch of beach between Danang and Hoi An that will be a huge resort area in the future. It is only an hour and 10 minutes by plane from Hong Kong, and two hours from Singapore. A Park Hyatt resort in the area has been selling villas and condos, and almost all have been bought by Vietnamese. I visited during a holiday, and 90% of the people on the beach were Vietnamese. One man even brought his Lamborghini.
You can find companies in Vietnam with yields of 5% to 7%. I like Military Commercial Bank [MBB.Vietnam], and I'm overweight Vietnam Dairy Products [VNM.Vietnam]. It is a dominant force in the diary-foods industry and has been growing by about 20% a year for the past 10 years. It could keep growing by 10% to 15% per annum, and the valuation is low. Sooner or later, it will be acquired. - in Barron's

Marc Faber assessment for Vietnam

You were in Vietnam recently. What is your assessment?
Marc Faber : There are a lot of bad loans in the banking system, and the stock market has fallen 70% from the highs. But exports are strong, and the people are hard-working. There is a 35-kilometer stretch of beach between Danang and Hoi An that will be a huge resort area in the future. It is only an hour and 10 minutes by plane from Hong Kong, and two hours from Singapore. A Park Hyatt resort in the area has been selling villas and condos, and almost all have been bought by Vietnamese. I visited during a holiday, and 90% of the people on the beach were Vietnamese. One man even brought his Lamborghini.
You can find companies in Vietnam with yields of 5% to 7%. I like Military Commercial Bank [MBB.Vietnam], and I'm overweight Vietnam Dairy Products [VNM.Vietnam]. It is a dominant force in the diary-foods industry and has been growing by about 20% a year for the past 10 years. It could keep growing by 10% to 15% per annum, and the valuation is low. Sooner or later, it will be acquired. - in Baron's

Long Term Horizon Vietnam

“I don’t think the market will run away right away but if you take a long-term horizon, five to 10 years, I think you will make some money in Vietnamese shares.’’ - in Financial Review

Marc Faber : In Vietnam I think you will make some Money in Shares

Marc Faber : “In Vietnam we also have some involvement in real estate – in hotels and land developments in the Danang area. Danang is midway between the north Hanoi and the south Saigon on the coast, and during the war used to be the largest American airport outside the US. That whole coast is called China beach. . . the development is really mind boggling,” “I don’t think the market will run away right away but if you take a long-term horizon, five to 10 years, I think you will make some money in Vietnamese shares.’’ - in The Australian Financial Review.

Vietnam : I’ve seldom seen such an overbuilt real estate market

Marc Faber : Each country has specific problems. In some countries we have overcapacity problems. I was in Vietnam. I’ve seldom seen such an overbuilt real estate market. It will take years to absorb everything. And if Vietnam’s property market is a microcosm of the Chinese property market, it will also take years in China to absorb all the properties that are being built. In the western world, including Japan, the problem is we have too much debt and that debt now will have to be somewhere, somehow, repaid or it will slow down economic growth. And so, I think that we live beyond our means 1980 to 2007 and now it's payback period.- in a recent CNBC interview

Marc Faber : We have high inflation in Vietnam and China

Marc Faber :"...We have high inflation in Vietnam and China. If each of the central banks does not do anything, inflation will accelerate and eventually cause even more problems. If the central banks step in and tighten monetary conditions, it would not be very good for equities. ..."
in ET Now

Marc Faber on Vietnam

"I was recently in Vietnam, a country with an annual GDP per capita of approximately US$300. I was stunned by the sight of what seemed to be millions of motorcycles
crowding the streets of Hanoi, Ho Chi Minh City, and the coastal city of Danang, where five years ago there were very few! This was especially surprising, since there is not yet a consumer credit system in Vietnam "
from the gloom boom and doom report

Marc Faber a Bull in Vietnam

Marc Faber is very bullish on Vietnam's economy
"Vietnam has among the most attractive growth prospects in Asia over the long run" said Marc Faber author editor and publisher of the Gloom, Boom & Doom Report, in an interview last week . Bloomberg reported that Vietnam Economic Growth Accelerated to 5.8% in Third Quarter . Vietnam President Nguyen Minh Triet told Bloomberg last week that : Vietnam Focused More on Growth Than Inflation

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