Vietnam outperforms region and MSCI EM and FM Vietnamese equities have gotten off to a great start this year. The VNIndex is up 21.4% since the beginning of 2012; outperforming its Asian peers, the MSCI Emerging Market Index and the MSCI Frontier Market benchmark.The VNIndex ended February at 423.64, up 9.2% MoM, with total liquidity almost doubling against January as equities attracted investors’ interest. Average daily turnover expanded 40% from January reaching USD39.1mn; the second highest