Vietnam equities had a great H1 2017. The VN-Index rose 16.8% on strong trading volume of USD145 million per day USD195 million including HNX and UPCoM) with USD438 million of foreign money entering the market (including HNX and UPCoM). This strong performance was driven by a combination of global and domestic factors, outlined below. Vietnam will continue to benefit as emerging markets are now back in vogue.