The strong appetite for Southeast Asia stocks seen over the past year is starting to ebb as the reopening of China draws global funds to cheaper northern markets.

Vietnam’s central bank widened the dong’s trading band, signaling authorities are willing to tolerate more weakness in the currency.

Despite Vietnam’s latest wave of Covid-19, the country’s benchmark index is the region’s top performer with a 21% gain this year. Analysts say it has further to run.

Three of Asia’s best-performing stock markets this year are also ones where individual investors are playing out-sized roles, underscoring the growing influence of retail traders around the world.

Tran Dinh Long had no experience in steel when he decided to gatecrash the industry back in the mid-1990s, betting Vietnam was going to need a lot more of it as the country developed.

Pham Nhat Vuong’s VinFast is building e-scooters at a $3.5 billion factory in Haiphong.

Billionaire Pham Nhat Vuong wants to put his company—and his country—on the global stage.