The stock market of Vietnam will be the most profitable investment channel this year, with a growth rate of 15 percent, according to the Vietcombank Securities (VCBS).
With macro-economic stability, the stock market would be a more attractive investment channel compared to others such as gold, real estate and bank savings, VCBS director Vu Quang Dong told Dau Tu Chung Khoan (Securities Investment).
The VCBS expected the economy to grow at a faster rate than 2013 and the GDP to rise to 5.6-5.7 percent, while the inflation rate will be about 5.5-5.6 percent as the Government and the State Bank of Vietnam have been consistent with their policies to stabilise the economy and curb inflation.
In addition, it forecast that the interest rate will be kept stable at 7-8.5 percent for the credit rate and 7-10.5 percent for the loan rate in the short term and 11-13 percent in the long term.
Stocks of export companies in sectors that include garments and textiles, footwear, electronic components and software products as well as infrastructure construction companies (building materials and logistics) will be in the spotlight in the stock market this year.
This will be due to expectations of an improvement in capital inflow, together with the economic recovery and the government's effort to boost infrastructure during the year.
The VCBS also added that foreign capital will flow strongly into the stock market this year, and the first quarter will witness strong buying of blue chip funds.
The company, a subsidary wholly owned by the Bank for Foreign Trade of Vietnam (Vietcombank), provides full range of securities and investment banking services.-VNA
With macro-economic stability, the stock market would be a more attractive investment channel compared to others such as gold, real estate and bank savings, VCBS director Vu Quang Dong told Dau Tu Chung Khoan (Securities Investment).
The VCBS expected the economy to grow at a faster rate than 2013 and the GDP to rise to 5.6-5.7 percent, while the inflation rate will be about 5.5-5.6 percent as the Government and the State Bank of Vietnam have been consistent with their policies to stabilise the economy and curb inflation.
In addition, it forecast that the interest rate will be kept stable at 7-8.5 percent for the credit rate and 7-10.5 percent for the loan rate in the short term and 11-13 percent in the long term.
Stocks of export companies in sectors that include garments and textiles, footwear, electronic components and software products as well as infrastructure construction companies (building materials and logistics) will be in the spotlight in the stock market this year.
This will be due to expectations of an improvement in capital inflow, together with the economic recovery and the government's effort to boost infrastructure during the year.
The VCBS also added that foreign capital will flow strongly into the stock market this year, and the first quarter will witness strong buying of blue chip funds.
The company, a subsidary wholly owned by the Bank for Foreign Trade of Vietnam (Vietcombank), provides full range of securities and investment banking services.-VNA
