Vietnam ranks 32nd among world’s best-performing stock markets
Tuesday, December 30, 2014, 19:05 GMT+7
The Vietnamese stock market stood in 32nd place among the world’s 51 best-performing stock markets in 2014, according to a list of 74 stock markets compiled and published by US-based Bespoke Investment Group.
In particular, as of December 23, 2014, the Vietnam stock market index had risen by 6.59 percent from the beginning of the year.
Among 74 global stock markets in 2014, 51 rallied, while 23 were bearish.
In addition, some Southeast Asian countries ranked high in the list of the world’s best-performing stock markets. Specifically, Thailand ranked 11th with a 17.9 percent growth despite internal political turmoil that lasted for several months.
The Philippines ranked 7th (22.01 percent), Indonesia ranked No. 9 (20.24 percent) and Singapore ranked No. 41 (5.21 percent).
Meanwhile, Malaysia fell onto the list of the worst-performing stock markets, down 6.32 percent. The drop of the Malaysian stock market is partly due to the influence of the dual air disasters that hit Malaysia Airlines earlier this year.
Also according to Bespoke, Argentina's stock market rose the sharpest among the world’s best-performing stock markets with an increase of 54.51 percent.
This is perhaps surprising news for investors, because the stock market of the South American country began to fall very sharply from June when it was forced to repay debts to international bondholders, leading to its second insolvency within 13 years.
However, despite the economic plunge, the stock market continues to boom.
Following Argentina's stock market are China and India with an increase of 43.32 percent and 29.93 percent, respectively.
Meanwhile, the United States ranked 17th with an increase of 12.73 percent.
In contrast to Argentina, a severe economic crisis has turned the Russian stock market into the worst-performing stock market in the world with a 44.9 percent reduction.
The plunge in oil prices, the ruble’s value and penalties by the West are said to have had a negative impact on the Russian economy and pushed it to a temporary standstill.
