Services
At the opening of the workshop, Mr. Park Won Sang, CEO of KIS Vietnam Securities Joint Stock Company, extended his greetings and gratitude to all valued clients for their trust, loyalty, and companionship with KIS Vietnam over the years. “KIS Vietnam always strives to offer a diverse range of products and continuously invests in the most advanced technologies to enhance the convenience of our clients’ transactions”, shared Mr. Park Won Sang.
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The workshop was honored to have the presence of Mr. Nguyen Trong Y, Chief Economist of KIS Vietnam. During the event, Mr. Y shared insightful information regarding the macroeconomic factors, inflation, interest rates, and exchange rates that will impact the market in the upcoming period. Analyzing each factor in detail, Mr. Y stated that the global and Vietnamese economies are on a gradual recovery path. Exports continue to surge, while domestic consumption might decelerate. Economic activities are expected to flourish in the fourth quarter of 2024. He suggested that the fourth quarter of 2024 is an opportune time for investors to accumulate assets and purchasing power to optimize investment profits.
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The banking sector is the lifeblood of the economy, and stocks in this sector are often referred to as “king” stocks by investors, not only for their sheer number but also for their sectoral weight in the entire stock market. At the workshop, Ms. Nguyen Kim Hoang, Senior Analyst at KIS Vietnam, presented her insights on this crucial sector under the theme “Bad debt but not bad outlook.” Ms. Hoang shared that the global and Vietnamese economies are on a recovery path, and the years 2024-2025 are expected to be even better. Accordingly, she predicted that in the second half of 2024, the business environment for the banking industry would improve significantly; net profits for 2024 are estimated to return to double digits; credit disbursement would accelerate to 14-15%, an increase of 0.3-0.7% compared to 2023; and bad debt would be controlled due to the recovering business market and the extension of Circular No. 2/2023/TT-NHNN, which will reduce the bad debt burden. However, she also cautioned that policy changes in the monetary market could impact the sector’s profits.
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The positive macroeconomic recovery, coupled with low-interest rates and expected improvements in liquidity, bodes well for the stock market’s prospects. In the following segment, Ms. Lai Thanh Nhan, Senior Manager of the Analysis Department, offered her assessments, analyses, and predictions about the sectors that will lead the stock market in the latter half of 2024. She identified short-term sectors such as retail, oil and gas, food, and aviation as those that will experience robust growth. Meanwhile, long-term sectors like banking, real estate, seafood, and electricity have already shown promising improvements in the first half of 2024 but may exhibit some lag due to their dependence on the macroeconomic landscape.
During the workshop series, the Q&A sessions allowed KIS Vietnam’s experts to introduce and provide valuable information to clients about potential sectors and stocks in the upcoming period.
The workshop, held on August 28 in Ho Chi Minh City, was also livestreamed on KIS Vietnam’s official Facebook page, attracting the attention and participation of numerous stock investors. Investors can rewatch the program by visiting KIS Vietnam’s Facebook page here.
Looking ahead, KIS Vietnam affirms its commitment to organizing more workshops to provide economic analyses, stock market outlooks, and investment opportunities to help investors optimize their profits.
Which bank offers the highest interest rate for online savings in early February 2024?
Beginning February 1st, 2024, several banks have been adjusting their interest rates downwards for savings accounts ranging from 1 to 24 months. Based on a survey conducted across 16 banks, the highest annual interest rate for online savings deposits at a 6-month term is 5%, while for a 12-month term, it is 5.35%.
4 Factors Putting Pressure on USD/VND Exchange Rate in Q1/2024
With the currency exchange rate fluctuating in the first few weeks of 2024, Mr. Ngo Dang Khoa, Director of Foreign Exchange, Capital Markets and Securities Services at HSBC Vietnam, highlights four factors putting pressure on the USD/VND exchange rate in Q1/2024…
‘King of spenders’ Phan Minh Thong warns of ‘shocking’ changes in the US market from a $500,000 pho bowl perspective.
“In the US, a bowl of pho costs about $15-18, plus a $20 tip (around 500,000 Vietnamese dong). Compared to Vietnam, where breakfast in Saigon or Hanoi costs around 50,000 dong per meal, and a plate of banh cuon with all the toppings in Hai Phong costs 20,000 dong,” Mr. Thong recounted.
Propose adding a bad scenario script to “shock” the economy
In addition to the positive economic growth scenarios for 2024, Vietnam needs to prepare for negative scenarios to enhance its ability to cope with unexpected shocks.
