Stocks, gold, real estate: What do Vietnamese choose?

Many experts predict that the macro economy will have many positive changes, stability and development in 2017. So next year, if we have money, where should we invest to get the most profit?

Illustration photo. Source: Internet

According to the report on investment asset selection trends conducted in 2016 by Techcom Securities Company (TCBS), rental real estate and real estate purchase are the most attractive investment channels in the eyes of those surveyed. Stock investment ranked only in 3rd place and savings deposit channel dropped to 4th place.

In 2017, according to experts, real estate is still one of the most potential investment channels. At the online exchange "Vietnam Real Estate Market 2017: Trends and Forecasts" recently organized by Vietnam Real Estate Magazine in Hanoi, Associate Professor, Dr. Tran Kim Chung, Deputy Director of the Central Institute for Economic Management Research also said: "Choosing to invest, buy gold, deposit in the bank or invest in real estate in 2017 is a question asked by many people."

"In general, when buying gold, the price is decreasing, when depositing in the bank, the bank is also reducing interest rates. Meanwhile, real estate is growing steadily. Considering the costs and benefits, investors can decide for themselves. I cannot specifically advise whether to invest in real estate or not, but in correlation, the other two factors are decreasing, while real estate is increasing. However, investors must also determine that real estate investment must be long-term," Mr. Chung said.

Mr. Chung also commented that the Vietnamese real estate market is still showing many positive developments, money is still flowing in. For example, industrial parks are still expanding, resorts are starting construction, and apartment projects in big cities continue to recover.

"It is also possible that in the coming time, due to the impact of global capital flows, the Vietnamese real estate market may be affected. However, the cash flow is still pouring into real estate but has not increased compared to 2016.

However, if capital declines, large projects or super luxury, large-scale, high-value projects will likely be directly affected. As for medium and low-medium projects, even if capital changes, they will not be affected much in 2017," said Mr. Chung.

According to Mr. Chung, 2017 will have 3 factors that will create momentum for the real estate market. First is stable economic development, 2017 is forecasted to have better economic development than 2015, 2016; growth, inflation, import and export, budget deficit.

Second, the stakeholders of the real estate market are all having very good prospects. Bad debts continue to be thoroughly handled, credit for real estate is allowed to increase again, and capital from the people is beginning to want to participate in the real estate market.

Third is policies and issues related to State management, orientation, and market support. For example, thoroughly handling bad debt and bankrupting businesses that are likely to go bankrupt, in the direction of market transparency.

"The world situation and trends do not have any sudden changes or explosions, but are only adjustments to guide policies, and there are no unexpected problems. Moreover, Vietnam is still in a stable development area, without potential conflicts. Meanwhile, state management towards transparency, stability, and forecasting helps businesses and potential investors feel secure in investing in the real estate market," Mr. Chung emphasized.

According to Young Intellectuals