Technology opens up new investment opportunities: forum

VIETNAM, July 15 – HÀ NỘI — The development of technology and new segments is creating new investment products, providing Vietnamese investors with more choices than traditional channels such as securities, real estate, gold or currencies. However, new challenges are emerging, forcing retail investors to be more professional to avoid risk.

The COVID-19 pandemic, the Russian-Ukrainian conflict and China’s zero COVID policy have triggered soaring fossil fuel prices, supply chain disruptions and rising inflation, negatively affecting global business activities and national. Many investment channels have become more risky.

In the international market, the S&P 500 posted its worst first half since 1970, while the DowJones saw its biggest decline since 1962.

On the domestic market, the benchmark VN index fell rapidly in the second quarter with a drop of more than 20% compared to the peak reached at the beginning of April. Most of the other investment channels such as cryptocurrencies, gold, bonds, and real estate have also seen sharp swings, causing liquidity to drop and drop.

These investment channels are under heavy pressure from inflation, as well as geopolitical and economic uncertainties, said Lê Xuân Nghĩa, an economic expert, at a conference on “Managing investments in a flexible environment” launched Thursday morning by Vietnam Investment Review. The downward trend also reflects the rapid development of these investment channels, especially securities and real estate, he added.

However, there are still opportunities for retail and organizational investors, said Lê Trọng Minh, editor-in-chief of Vietnam Investment Review, at the event.

“Despite the general downside risks to most assets, the local derivatives market is more exciting than ever with trading value as high as VNĐ50 trillion in some sessions,” Minh said.

“In the stock market, although the volume of transactions has decreased, the value of transactions has always fluctuated around the threshold of 10 trillion VNĐ per session, much more than before the pandemic.”

Talking about the main growth momentum of the stock market in the second half of 2022, Trần Đức Anh, head of macroeconomic research and investment strategy at KB Securities Vietnam, said that in the economy’s resistance to increasing pressure external factors, earnings growth of listed companies will be the driving force.

“We expect the market to enter a near-term recovery soon in the third quarter, reacting to positive macro indicators and the second quarter business earnings season,” Đức Anh said.

Trịnh Ngọc Đức, President of D.lion Media and Solutions, shared a similar perspective. “New investment opportunities will always appear in both bear and bull markets,” he said.

Regarding the real estate segment, Nguyễn Văn Ngọc, Chairman of the Board of Directors of RB Group, estimated that many challenges and difficulties remain in the market over the next six months and in 2023, after having experienced too rapid growth during of the last two years.

This will affect investors who have purchased assets recently, especially short-term investors or speculators.

However, he still saw positives in the market in the medium to long term. With the development of technology and online payments, especially during the pandemic, it is time for personal investment channels.

Besides traditional investment channels such as real estate, securities, bonds, gold and foreign exchange, the market has developed many new investment channels.

Regarding new investment channels, the head of D.lion Media and Solutions said that the development of new channels is accompanied by the emergence of information, the accuracy and reliability of which investors must verify.

“It is also a big challenge for companies developing products related to the financial sector and blockchain,” he said.

With the rise of media channels, investors who use traditional or new investment channels should not only acquire enough skills and knowledge, but should also choose reliable sources of information before making any investment decisions. VNS