Banking & Finance

The Bank for Investment and Development of Vietnam Securities Joint Stock Company (BSC) has launched its new generation securities investment application, BSC Smart Invest. With many outstanding features, the application promises to be a convenient, intelligent, and efficient and effective tool for users. Along with the recommended stock portfolio built as a separate feature, BSC Smart Invest integrates trading of underlying securities and derivative securities to help investors choose suitable products.

In the context of risks from high inflation, economists believe that investments in assets such as gold and real estate are safe-haven channels for investors and individuals.

According to Ms. Nguyen Thi Phuong Lam, Chief Analytics Officer at RongViet Securities Corporation, public investment will still be promoted this year, with smart transportation stocks joining infrastructure stocks as worthy of consideration. In terms of post-pandemic economic recovery, stocks involved with public utilities, essential consumer groups, and industrial park real estate are likely to fare well.

According to VnDirect, Vietnam’s economy will be greatly affected by the US Fed’s decision to raise the operating interest rate by 0.75 percentage points, with export activities to perhaps slow in upcoming quarters while deposit rates and foreign debt repayment obligations of the government and enterprises will be under increasing pressure.

The US Fed officially raising interest rates by 0.75 percentage points, the difference in the gold price between Vietnam and the world remaining high, and the supply of foreign currency not being favorable compared to previous years count among reasons why the VND may depreciate this year. The Vietcombank Securities Company (VCBS) believes the USD/VND exchange rate will increase in 2022 by within 2 per cent, while the Bao Viet Securities Company (BVSC) believes the State Bank of Vietnam still needs to control the exchange rate so that the VND does not depreciate too much.

According to KBSV, the value of corporate bonds maturing in 2022 stands at VND230 trillion ($9.8 billion), of which the real estate group is under the most pressure, with liabilities of VND98 trillion ($4.2 billion). Real estate businesses will find the future difficult with the credit channel now under strict supervision.