Policies to promote investment channels
Overall, in the first 6 months of 2024, GDP increased by 6.42%, only lower than the growth rate of 6.58% in the first 6 months of 2022 if considered in the period 2020-2024. Entering the third quarter of 2024, economic experts are also extremely optimistic about the growth rate of the economy. Although industry groups such as real estate and aviation still face many difficulties, groups such as chemicals, steel, fisheries, and telecommunications technology have outstanding results.
The solid fulcrum for economists' optimism is the policies that are about to take effect in the near future. This will be the driving force for investment channels.
According to Dr. Le Xuan Nghia - member of the National Financial and Monetary Policy Advisory Council, the most prominent policy points from now until the end of 2024 are 3 laws: Land Law , Housing Law, Business Law real estate effective August 1, 2024. Among them, there are a number of decrees detailing a number of articles of the above three laws under the Government's authority to promulgate decrees.
"Decrees and detailed regulations on a number of articles of the Land Law, Housing Law, and Real Estate Business Law are being completed in the final steps and the Government also issued a Decree on construction and management. database information management on housing and real estate market; Decree regulating a number of articles of the Housing Law on social housing development and management. Thus, there will be up to 7 Decrees under the jurisdiction Government's authority to issue related to the above three laws" - Dr. Nghia said.
According to experts, the positivity and effectiveness of these policies are creating great momentum and hope for the real estate market, and even impacting other asset markets such as the stock and bond markets. businesses,... help these markets recover and become more positive at the end of the year.
Dr. Nghia said that many foreign investors, both direct and indirect, highly appreciate the shortening of the validity period of the above three laws, creating confidence for investors to expand investment in production and business. business and actively return to the stock market.
Worth mentioning, currently our country's monetary policy continues to be loosened. The Government, directly the State Bank, still directs credit institutions to reduce lending interest rates for production and business enterprises. Above all, in the last 6 months of 2024, Circular 02 on extending, postponing, and maintaining the same debt group for businesses will continue to inject credit into the economy.
Fiscal policy continues to maintain policies to reduce taxes, fees, and charges to support businesses, and budget revenue continues to increase in reality.
"Despite geopolitical difficulties, Vietnam's trade relations with major partners continue to be stable and grow. International trade surplus continues to increase even in conditions of increased imports This shows that Vietnam has taken advantage of the recovery of international trade quite well even in conditions of conflict in some areas" - Dr. Nghia said.
Equally optimistic as Dr. Nghia, Dr. Nguyen Tri Hieu - economic expert, commented: With the results achieved in the first half of 2024, Vietnam's economic outlook will continue to be positive for the next half of the year if the Reserve The US Federal Reserve (FED) decided to lower interest rates, reducing pressure on the USD/VND exchange rate, inflation and positively impacting other macroeconomic balances.
The stock market has had good growth
Among the investment channels with good prospects in the last 6 months of the year, experts pay special attention to the stock market.
Dr. Nguyen Tri Hieu commented that in the first 6 months of 2024, the stock market has suffered a lot from the investment decisions of foreign investors and fluctuations in the international financial market. However, when looking at the VN-Index, we see that the stock market has had good growth.
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. If the economy recovers strongly in the second half of 2024, the stock market will reflect that strong recovery. Dr. Hieu believes that sustainable and attractive stock codes will be stock codes related to industrial parks, renewable energy, transportation and especially the banking sector.
