HANOI (Viet Nam News/ANN) – Experts are sanguine about the health of the stock market in 2018 even as they acknowledge likely risks and imbalances.
Voicing her opinion at an online discussion on Wednesday, Pham Minh Huong, Chairwoman of the Board at VNDIRECT Securities Corporation, said the stock market’s 2017 growth was spectacular but not surprising.
Her prediction for 2018 was that the finance, energy and manufacturing sectors will experience strong growth, which means they are likely to be recommended to both up-and-coming and experienced investors by financial experts.
Huong said that although the banking and finance sector would still face a lot of institutional and bad debt risks, commercial banks, securities and insurance companies have learned their lessons and are well prepared for the challenges to come.
With Vietnam’s fast-growing consumer economy, the manufacturing and energy sectors will always be attractive. Aviation is another safe bet, as living standards and tourism increase, she said.
The year 2018 is set to mark the beginning of Vietnam’s next stage of financial growth, with the Vietnamese stock market upgraded to emerging market status in late 2019 or early 2020.
Huong also expected the VNIndex to surpass its peak of 1,170 points in 2017, and she was backed by some experts who foresaw a very optimistic 2018 scenario of 1,500 to 1,700 points.
The 2017 stock market growth will continue to be supported by the world economic growth cycle, she added.
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