Can Vietnam take Singapore’s stock market crown?

Just three years ago, Vietnam was still a cipher in the global financial system. The Southeast Asian nation had only ten US$1 billion listed companies, while daily trading volume on the stock market came in at around US$100 million.
That picture, however, is vastly different today. It is not quite Wall Street, but the country’s financial centre, Ho Chi Minh, is fast heating up.
Last year, the country’s benchmark Vietnam Index soared to a 10-year high with a 47 per cent gain –…