Hanoi (VNA) – Managing Director of Krungthai Asset Management (KTAM), Chavinda Hanratanakool, has recommended investing in the Vietnamese stock market on the grounds that it is a market with strong growth prospects.
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She said amid intense volatility in many economies due to inflation and uncertain monetary policy, investors should look for opportunities in markets with low volatility, strong growth prospects and equity value. relatively low compared to other markets in the region.
The Vietnamese stock market has all these characteristics because the Vietnamese economy has the highest growth potential in Southeast Asia, she noted.
According to the general manager of KTAM, the Vietnamese economy is expected to recover thanks to a number of factors including a large labor force, which is favorable for long-term economic development. In addition, Vietnam’s economy will benefit from China’s reopening, she noted.
In addition, she estimated that stock prices in the Vietnamese stock market are significantly lower than those in other ASEAN markets. However, given the fundamentals, Ms. Chavinda thought lower prices would benefit the market in the long run.
Moreover, the Vietnamese economy will not be affected much by the Russian-Ukrainian conflict because Vietnam is less dependent than other countries.
These advantages will allow Vietnam to benefit from a wide variety of industries, she said.
Previously, KTAM launched KT-VIETNAM-A and KT-VIETNAM-SSF, a long-term savings fund investing in the Vietnamese stock market with an IPO that took place from July 4 to July 12.
Chavinda Hanratanakool said the two funds are tightly managed to generate higher returns, focusing on stocks that benefit from Vietnam’s economic growth. – PVC/VNA-
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