7 Global Hot Spots for Investors
6. Vietnam
Many Chinese companies are looking forward to relocate and to find a lower-cost labor force, as the wages are increasing rapidly in China. One major destination is Vietnam.
“I see Vietnam as the next country to replace low-labor-cost manufacturing that was in China,” says Dietrich, of Washington Wealth Management. “Vietnam is going to inherit a lot of that, and this is really creating a lot of new jobs in Vietnam,” he adds.
That's one reason why growth last year is likely to surpass that of 2010’s growth by 6.8 percent, says Dietrich. The country's central bank is also vehemently cutting interest rates and taking other steps to kindle the economy.
Vietnam is so small, that very few of its companies are listed on U.S. exchanges. One way to play the upbeat the trends is the Market Vectors Vietnam ETF, which holds about 30 Vietnamese companies in banking, energy, electricity, construction and food.

