Vietnam is a frontier market for good reason

 Anyone visiting the vibrant and bustling metropolis that is Ho Chi Minh City would hesitate to call Vietnam a frontier market.

There are growing calls for the Southeast Asian economy to be included in the MSCI Emerging Markets Index. After all, even Argentina, which is seeking another IMF rescue, is on the watch list for an upgrade. And Vietnam has better liquidity than the Philippines, which is already there.