One place where I've long wanted to travel, Vietnam, is finally opening up to Western investment. The Asian country is allowing a Canadian developer, teamed with hedge fund Harbinger Capital, to build a $4.5 billion casino-resort. The project, called Ho Tran, will be the biggest foreign investment there to date. When completed in 2015, the resort will have five hotels with 9,000 rooms and two casinos. Ho Tran will also have an 18-hole Greg Norman-designed golf course, a Cirque du Soleil theater, and a site for swimming with the dolphins.

I got excited about Vietnam after hearing hedge-fund manager Carlo Cannell's speech at last year's Value Investing Congress. Cannell titled his speech "Investing in the Dark," or something close to that, because no Vietnamese companies kept good financial records. Cannell said he met with CEOs and CFOs who had no idea what free cash flow and depreciation were. So, instead of running financial analyses, he based his decisions on management's character. And he made huge gains – several stocks returned thousands of percent.

Our favorite idea for Vietnam: Buy the brewer. Cannell reported the Vietnamese are the world's biggest beer drinkers. Whenever he went to a restaurant, the first thing the waiter did – without direction – was place a case of beer on the table.

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All exceptions must be declared to the Security Officer for screening.
All footwear must be removed for X-ray screening. Wearing footwear that can be easily removed helps.
Pack valuables such as jewelry, cash and electronics, as well as fragile items, in your carry-on. This will speed the screening process.
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