VietNamNet Bridge – Legendary investment advisor Dr. Marc Faber will be the keynote speaker at the Vietnam Investment Forum (VIF) 2014 that is scheduled to take place on June 19 in HCMC’s White Palace Convention.
Illustrative image. - File photo
Faber, also dubbed “Dr. Doom” for his persistently bearish views, would come up with what he has foreseen about a new global financial crash even worse than the 2008 crisis.
The mentor would also talk about investment opportunities in the Vietnamese stock market. He has several times for more than a year recommended investors around the world buy Vietnamese stocks through interviews with international TV channels.
Late last year, he predicted Vietnamese stocks to be one of the three best long positions for 2014 besides gold and gold shares. “I think the Vietnamese stock market, which this year was up 22% [and] which is not bad for an emerging market, will continue to go up,” he told Talking Numbers, an integrated media experience co-hosted by CNBC and Yahoo Finance.
Faber is famous worldwide as a contrarian investment advisor, the publisher of the monthly investment newsletter “The Gloom Boom & Doom Report” and the author of the best-seller Tomorrow’s Gold: Asia’s Age of Discovery.
He is highly respected for accurate predictions such as the Wall Street Crash in 1987, the NASDAQ crash, the property bubble and the Euro zone and global debt crisis, among others.
Faber is now chairman of Indochina Capital that manages three real estate funds in Vietnam with US$500 million in committed capital, and chairman of Dragon Capital-managed Vietnam Growth Fund Ltd. with US$309 million assets under management.
He is also a shareholder of the Asia Frontier Capital (AFC) that has exposures in Vietnam and other high-growth Asian frontier economies through its AFC Vietnam Fund and AFC Asia Frontier Fund.
The VIF 2014 event, entitled “The Rise of Frontier/Emerging Markets and Opportunities for Vietnam?”, will also feature AFC CEO Thomas Hugger’s presentation on investment strategies in limit markets and Vietnam.
Hugger is slated to speak about how some Asian markets turn beckoning as developed markets face increasing risks. His talk would stress perspectives and investment strategies in frontier markets and Vietnam in particular.
A panel will discuss the rise of emerging markets and opportunities for Vietnam. Faber and other high-profile pundits will sit on a panel to debate many dire issues.
VIR, Malaysian-owned HVS Vietnam Securities Co. and AFC are the co-organizers of the full-day event. They expect 500-700 people, most of them Vietnamese business leaders and international fund managers, will get together to hear “Dr. Doom” speak and exchange investment ideas and opportunities.
Source: SGT
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