Investment guru ‘Mr Doom’ to speak in Vietnam

Marc would raise deep-rooted concerns over a possible global bubble burst and define opportunities for emerging markets and Vietnam.

He is scheduled to reiterate how global bubbles are created and predict when they will burst at the Vietnam Investment Forum (VIF) 2014 to be co-organised by VIR,  Malaysian-owned HVS Securities Co. and Hong Kong-based Asia Frontier Capital (AFC).

Dr Marc Faber, publisher of the Gloom, Boom & Doom report and writer of the best-seller Tomorrow’s Gold: Asia’s Age of Discovery, will also predict how global funds would flow as the consequence of such a collapse.

Marc is one of the world’s most noted market contrarians. In a television interview late last year, he said “Given all the money printing that is going on globally – and not just in the US – and given that the total credit as a percent of the advanced economies is now 30 per cent higher than in 2007 before the crisis hit, I think that gold is a good insurance.”

“I’d rather buy something that is reasonably priced. And, I think gold shares are very inexpensive. So a basket of gold shares I think next year (2014) could easily appreciate 30 per cent. “I think the Vietnamese stock market will continue to rise.”

“The Rise of Emerging Markets and Opportunities for Vietnam” will include AFC CEO Thomas Hugger speaking on investment strategies in frontier markets and Vietnam. Thomas is slated to talk about how Asia and particularly frontier markets will become more tempting as developed markets face increased risks.

His talk will focus on perspectives and investment strategies in frontier and emerging markets and Vietnam in particular.
A panel will discuss the rise of emerging markets and opportunities for Vietnam. Marc and other high profile people will sit in the panel on the most pressing issues for debate.

The full-day event would gather together 500 participants, including local business leaders and global fund managers, said VIR Editor-in-chief and VIF chief organiser Dr. Nguyen Anh Tuan.

“We’re doing our best to make Vietnam better known internationally and provide venues for international investors and local business leaders to exchange ideas and investment opportunities,” Tuan said.