w88 link w88 moi nhatExperts optimistic about 2018 stock market prospects

Voicing her opinion at an online discussion on December 20, Ms. Pham Minh Huong, Chairwoman of w88 link w88 moi nhat Board at VNDIRECT Securities Corporation, said w88 link w88 moi nhat stock market’s 2017 growth was spectacular but not surprising.

Her prediction for 2018 was that w88 link w88 moi nhat finance, energy and manufacturing sectors will experience strong growth, which means they are likely to be recommended to both up-and-coming and experienced investors by financial experts.

Ms. Huong said that although w88 link w88 moi nhat banking and finance sector would still face a lot of institutional and bad debt risks, commercial banks, securities and insurance companies have learned their lessons and are well prepared for w88 link w88 moi nhat challenges to come.

With Vietnam’s fast-growing consumer economy, w88 link w88 moi nhat manufacturing and energy sectors will always be attractive. Aviation is another safe bet, as living standards and tourism increase, she said.

w88 link w88 moi nhat year 2018 is set to mark w88 link w88 moi nhat beginning of Vietnam’s next stage of financial growth, with w88 link w88 moi nhat Vietnamese stock market upgraded to emerging market status in late 2019 or early 2020.

Ms. Huong also expected w88 link w88 moi nhat VN-Index to surpass its peak of 1,170 points in 2017, and she was backed by some experts who foresaw a very optimistic 2018 scenario of 1,500 to 1,700 points.

w88 link w88 moi nhat 2017 stock market growth will continue to be supported by w88 link w88 moi nhat world economic growth cycle, she added.

In w88 link w88 moi nhat same vein, prominent economist Vo Tri Thanh said that his research shows Vietnam’s stock market growth rate will continue at a high, although investors should expect lagging periods in 2018.

w88 link w88 moi nhat world economy in general and w88 link w88 moi nhat Vietnamese stock market in particular are likely to face some risks, as leading global stock markets go through adjustments in late 2018 and early 2019.

w88 link w88 moi nhat Eurozone is highly unlikely to maintain its economic stimulus packages, and Chinese public debt continues to rise.

Income inequality in leading economies, trade protectionism, uncertainty about major trade and investment negotiations, housing bubbles, geo-political tensions and inflation rates will all begin to increase, Mr. Thanh predicted.

Vietnam’s 2018 economic forecast remains positive, but not at 2017 levels, he claimed.

w88 link w88 moi nhat 2018 growth target approved by w88 link w88 moi nhat National Assembly, of 6.5 to 6.7 per cent, shows a certain lowering of expectations and an increase in caution, compared to 2017, Mr. Thanh said.

Besides global risks, w88 link w88 moi nhat need to synchronise short-term growth and institutional restructuring should not be ignored, he said.

While agreeing with Mr. Thanh and Ms. Huong, Mr. Truong Van Phuoc, acting Chairman of w88 link w88 moi nhat Vietnam National Financial Supervision Council(NFSC), said that w88 link w88 moi nhat push for a credit growth of over 20 per cent since w88 link w88 moi nhat second quarter this year over concerns that GDP growth could fall short of w88 link w88 moi nhat 2017 target was understandable, but w88 link w88 moi nhat key issue was growth quality, not quantity.

At w88 link w88 moi nhat moment, stock market investors are pouring capital into securities and real estate, forming an indirect growth channel for w88 link w88 moi nhat Vietnamese economy, he said.

But Phuoc expressed concern over imbalances in w88 link w88 moi nhat financial markets, especially w88 link w88 moi nhat lack of harmony between w88 link w88 moi nhat currency and capital markets.

He strongly advocated w88 link w88 moi nhat establishment of a moderate-level financial market with accommodating and open policies.

Mr. Bang Hyun Woo, Samsung Vietnam’s Senior Vice President and Chief Relations Officer, shared his thoughts on cryptocurrencies, mainly bitcoin, which he considered to have both good and bad sides.

He believed that Vietnamese investors trading in bitcoin can have some impact on w88 link w88 moi nhat exchange rates.

He advised investors to be very careful and to withdraw their investment in w88 link w88 moi nhat coin investment at w88 link w88 moi nhat earliest sign of w88 link w88 moi nhat bubble bursting.

Jointly organised by w88 link w88 moi nhat online news sites Tri Thuc Tre and CafeF, w88 link w88 moi nhat discussion reviewed economic growth in 2017 and prospects for 2018 prospects, focusing in particular on investment opportunities, equitisation of major state-owned enterprises, and w88 link w88 moi nhat future of cryptocurrency.