Vietnam's export sector is poised for a rebound in the fourth quarter, according to VinaCapital it attributed this recovery to two main factors: the stabilization of the US inventory cycle and the acceleration of manufacturing relocation from China to Vietnam.

The US is Vietnam's largest export destination, and the country's exports to the US fell by over 20 percent in the first seven months of the year. 

This was due to a combination of factors, including the destocking of inventories by US retailers and the relocation of manufacturing from China to Vietnam.

However, Kokalari noted that the destocking phase is nearing its end, and that Vietnam's exports to the US have started to rebound. He also pointed to the fact that Vietnam's exports have fallen less than those of other Southeast Asian countries, which is a sign that manufacturing is indeed relocating to Vietnam.

Kokalari believes that the export-oriented resurgence in Vietnam's economy will drive a surge in the earnings growth of the VN-Index, the country's stock market index. He predicts that the VN-Index will grow by over 20 percent in 2024.