Many Vietnamese prefer to keep the bulk of their wealth in physical cash or property, but there are numerous reasons why investing in a more diversified portfolio of investments is a safer – and more lucrative – course.
Home sales have slowed down significantly in September due to Vietnamese’s psychology of avoiding buying property assets in July of the Lunar Calendar also called the Month of Lonely Spirits.
People are investing their money in five main channels of stocks, gold, foreign currencies, property assets and savings but which of these offered the highest returns in 2016?
Experts have said it is necessary for the real estate sector to find
stable financial sources to ensure adequate housing supply as demand was
anticipated to pick up rapidly.
Viet Nam News reporter Mai Huong interviewed Tran Thi Hong Hanh, general
secretary of the Vietnam Banks'' Association, seeking her thoughts on
the IP landscape in Viet Nam as well as the challenges facing local
businesses in developing this lending tool.
Following a recent draft amendment to a Decree, investors might be
allowed to contribute capital to a real estate investment trust (REIT)
in the form of property assets, besides cash.