Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Vietnam News  >> Economy  >> Safe to invest in property, savings
NEW UPDATES Asean Affairs  10 February 2014  


Safe to invest in property, savings

Money should go into bank deposits or the property market as the economy is warming up and these investment channels appear safe and attractive enough, experts said.

Viet Nam is aiming to control the inflation rate at below 7 per cent. It is, therefore, expected that the deposit interest rates would not increase much, and will hover around 5 to 8 per cent yearly. However, with the investment scenario being unclear, the people may play it safe with savings.

The advice is supported by the State Bank of Viet Nam's announcement earlier this year, which confirmed that they were determined to maintain the strength of the Vietnamese dong.

Central Bank Governor Nguyen Van Binh said, "The consistency of the monetary policy will continue in the coming years. Then we can confirm to those who have deposited the Vietnamese dong in banks, and to those who haven't, that they should be more confident about depositing their money in banks. This investment channel is, indeed, secure and attractive."

Vo Tri Thanh, Deputy Head of the Central Institute for Economic Management (CIEM) said that regarding the central bank's strategy, the policies might be more supportive of the Vietnamese dong.

Determined to hold a consistent and stable monetary policy, experts looked forward to an improvement in public confidence in the local currency.

Nguyen Hoang Ha, a depositor at Vietcombank, said: "I choose to secure assets in Vietnamese dong savings. The interest rate is not very high but it's rather more stable than anything else." She added that it's easier to exchange the Vietnamese dong with foreign currencies, than gold with currencies.

However, Nguyen Hoang Hai, General Secretary of the Viet Nam Association of Financial Investors argued that the people should not put all their eggs in one basket. He suggested putting 50 per cent of the assets in banks and the remaining into alternative channels.

The property market is seen a potential alternative destination.

Experts said the local property market's prospects are looking a little bright and busy as it realigns offers for investors and gets ready for some stellar growth during the season.

Investors who have always viewed the purchase of property as a profitable, long-term investment channel, now have a wide range of choices opening up before them.

The prices of property projects have dropped drastically to levels that buyers will inevitably find irresistible. Since property developers are running against time to sell their projects and expedite sales, they are presenting several promotional programmes, such as offering lower price points, long-term payment schedules and simpler buying conditions.

These incentives will attract buyers, despite the current frozen property market.

Viet Nam's economic development is looking more promising and positive this year, said Vu Viet Ngoan, Chairman of the National Financial Supervisory Committee. It is said to be the right time and a good opportunity for people to invest, especially those who have a real need for housing.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories    February 10, 2014 Subsribe Now !
• Surapong believes deporting Indian businessman won't affect Thai-Indian relations Subcribe: Asean Affairs Global Magazine
• Govt, BI coordinate to safeguard inflation in 2014
• Kalla Group to build infrastructure in W. Sulawesi
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• MAS, SGX propose measures to strengthen securities market
• Safe to invest in property, savings
Asean Analysis                    7 February  2014 Advertise Your Brand
• Asean Analysis-February 7, 2014
Thai Democracy Faces Continuing Hurdles in the Wake of Elections
• Asean Analysis-February 7, 2014
China becomes largest investor in Laos
Asean Stock Watch     7 February 2014
• Asean Stock Watch-February 7, 2014
• Asean Analysis-February 7, 2014
Myanmar’s Constitutional Review Committee Shies Away from Needed Changes

The Biweekly Update
• The Biweekly Update  February 7, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com