Deposits are effective and safe, securities prosper
In the first half of 2024, Vietnam's economy has many bright spots and is continuing to maintain a positive trend. According to expert Dr. Nguyen Tri Hieu - Economic expert, there are currently 5 main investment channels in the market, including: Stocks, real estate, gold, bank deposits and foreign currency investment.
Before deciding where to invest, investors must first determine three main criteria. Firstly, where to invest to ensure capital safety and not lose capital. Second, where to invest to make a profit and third, the investment channel must be liquid and can be converted into cash quickly. From there, investors can choose the appropriate investment channel.
The expert also analyzed in detail and evaluated the prospects of investment channels. In particular, for the foreign exchange market, the exchange rate has increased nearly 5% from the beginning of the year until now and is currently at about 25,320 VND/USD.
Looking to the last 6 months of 2024, with fluctuations in the world financial market, especially when the US reduces interest rates, pressure on exchange rates will decrease. But many surprises may happen related to the Presidential election in the US and the FED's monetary policy. The foreign exchange market is no longer an attractive investment channel like many years ago.
Regarding bank deposits, Dr. Nguyen Tri Hieu predicted that in the next half of the year, with production and business activities improving, banks will lend more aggressively. With this scenario, banks will increase deposit interest rates to increase deposits and increase lending, which at this time has already happened. Increased deposit interest rates are likely to lead to increased lending interest rates. It is forecast that lending interest rates will increase in the second half of 2024.
The stock market is still unstable. The reason is that Vietnam's stock market is greatly influenced by foreign investors. Therefore, the financial and monetary policies of the US Federal Reserve (FED) have had a great impact on foreign investors.
"But I think that in the second half of 2024, the stock market will be stable and better than the first half of 2024 because this is a "test chart of the economy" - Mr. Hieu commented.
Also according to Mr. Hieu, in the last 6 months of the year, savings is the safest channel, the most effective index and interest rates are expected to continue to increase. You can also consider investing in stocks, but you need to be careful and choose stock codes to limit risks, because from now until the end of the year, there will still be many political fluctuations in the world.
Promising real estate , be careful with gold
Meanwhile, Dr. Nguyen Tri Hieu said that gold is the investment area that should probably be the most cautious because it is not only affected by market factors but also strongly affected by policy factors. In particular, 2024 is the year when the State is very interested in the gold market and there will be strong adjustments, so it is best for investors to be cautious.
For real estate, agricultural, land, commercial, resort, and tourism types have not yet prospered, but real estate in urban and industrial areas are the two best growing areas from the beginning of 2024. Up to now, the forecast continues to be positive until the end of the year.
Besides, real estate and housing in big cities, although the price is high, the demand is still very large, so this is still a highly effective investment channel.
Sharing the same opinion, Dr. Le Xuan Nghia - Economic expert - assessed positive prospects for the real estate market. Among them, the most prominent policy points from now until the end of 2024 are 3 laws: Land Law, Housing Law, Real Estate Business Law taking effect on August 1, 2024. The real estate market as well as a number of related fields are actively waiting for the effectiveness and efficiency of these important laws and decrees.
