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Experts: real estate, consumption finance, construction bright spots in investment
VietNamPlus - 9/28/2021 10:43:47 PM
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Real estate, consumer finance and construction are bright spots in investment, experts said at a webinar co-hosted by the Dragon Capital VietFund Management Company (DVCFM) and news website VnExpress on September 28.
According to the Backbase’s report on the state of banking and financial wellness in Asia-Pacific, 67 percent of the Vietnamese consumers are stressed about their financial situation while 33 percent have problems in portfolio management.
Meanwhile, data from the DCVFM showed that capital flows to securities market by domestic and foreign investors keep increasing. So far, capitalisation of the market has reached nearly 300 billion USD, or 60-70 percent of credit volume in the economy with more than 825 million USD being liquidated each day.
Le Anh Tuan, Director of Investment Planning at the DVCFM, said the securities market is gradually becoming an ideal asset accumulation channel in Vietnam, given low interest rates at present.
He also advised investors to take caution in investment strategy instead of focusing on timing to join the market.
Tuan added that real estate, consumer finance, construction and manufacturing will recover more strongly than other sectors thanks to the strategy of living with the pandemic via vaccinations, macro-economic stability, reasonable inter-bank and deposit rates, and rising foreign direct investment./.
Read original article here
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