Among peers, valuations are also low compared to their own historical levels, and particularly when compared to other key Southeast Asia nations, such as many surging securities in Thailand ( THD ) , or the Philippines ( EPHE ) . Click to get this free report >> ISHARS-MS PH IM (EPHE): ETF Research Reports ISHRS-MSCI THAI (THD): ETF Research Reports MKT VEC-VIETNAM (VNM): ETF Research Reports To read this article on Zacks.com click here. A slow growth rate, higher inflation level, and weak banking system are factors which impacted the Vietnamese economy to a great extent in 2011.