Safe and efficient deposits, thriving stocks

In the first half of 2024, Vietnam's economy has many bright spots and continues to maintain a positive trend. According to expert Dr. Nguyen Tri Hieu - Economist, there are currently 5 main investment channels in the market, including: Securities, real estate, gold, bank deposits and foreign currency investment.

Before deciding where to invest, investors must first determine three main criteria. First, where to invest to ensure capital safety and avoid capital loss. 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 by nearly 5% since the beginning of the year 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 cuts interest rates, the pressure on exchange rates may decrease. However, many surprises may occur related to the US presidential election 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 predicts that in the second half of the year, with more prosperous production and business activities, banks will be more aggressive in lending. With this scenario, banks will increase deposit interest rates to increase deposits and loans, which has already happened at this point. Increased deposit interest rates are likely to lead to loan interest rates. It is forecasted that the loan interest rate level will increase in the second half of 2024.

The stock market is still unstable. The reason is that the Vietnamese stock market is greatly influenced by foreign investors. Therefore, the monetary and financial 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 “barometer of the economy” - Mr. Hieu commented.

According to Mr. Hieu, in the last 6 months of the year, savings are the safest channel, the most effective index and interest rates are expected to continue to increase. Securities can also be considered for investment but need to be cautious, choose stock codes to limit risks, because from now until the end of the year, there will be many political fluctuations in the world.

Real estate prospects, be careful with gold

Meanwhile, Dr. Nguyen Tri Hieu said that gold is probably the investment field that should be most cautious because it is not only affected by market factors but also strongly affected by policy factors. In particular, 2024 is the year that the State is very interested in the gold market and will have strong adjustments, so it is best for investors to be cautious.

Regarding real estate, agriculture, land, commerce, resorts, and tourism have not yet flourished, but real estate in urban and industrial areas are the two best developing areas from the beginning of 2024 until now, and is expected to continue to have potential until the end of the year.

Besides, real estate and housing in big cities, although expensive, are still in high demand, so this is still a highly effective investment channel.

Sharing the same view, Dr. Le Xuan Nghia - an economic expert - assessed the positive prospects for the real estate market. In particular, the most prominent policy highlights 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.