After years of lagging behind the U.S. stock market, emerging markets are staging a strong comeback in 2026, supported by attractive valuations, a weaker U.S. dollar and stronger economic growth prospects.
According to Italy's La Stampa newspaper, strategists at Goldman Sachs, Lazard and RBC believe the rebound could mark the beginning of a new multi-year growth cycle for emerging markets. However, with increasing divergence among economies, investment success will depend more on selecting markets with solid underlying fundamentals.
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Production line of Honda Vietnam Company, Dong Van II Industrial Park, Hung Yen province |
Against the backdrop of global capital reallocation, Vietnam has emerged as one of the most attractive investment destinations. Analysts said the country is reaping substantial benefits from the ongoing global supply chain shift, with an increasing number of hi-tech and manufacturing firms expanding their operations across Southeast Asia.
Beyond its role as a rising manufacturing hub, Vietnam's long-term outlook is also supported by advances in digital infrastructure and the energy transition process.
Experts said international investment is increasingly flowing into data centers, digital technologies, and the mining and processing of strategic minerals, including rare earths, to meet rising demand from the digital economy and hi-tech industries.
Elsewhere in Asia, India is expected to maintain robust momentum, with GDP growth projected at around 7% in 2026, driven by its young population and strong domestic consumption. Meanwhile, the rapid expansion of artificial intelligence (AI) continues to fuel demand for semiconductors, boosting growth prospects for Taiwan (China) and the Republic of Korea.
Experts said the era of broad-based investment across emerging markets is giving way to a more selective approach, with global investors increasingly favoring economies that combine sustainable growth, technological innovation and deep integration into global supply chains.
Source: VNA