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Vietnam's stock market is creating interest among general investors, driven by rapid economic growth and the upgrade from a frontier market to an emerging market set to happen in 2025.
Actually, which Vietnamese stocks are good? It depends on what you're looking for. But if I had to pick the 8 most watchful ones, they are VCB, the banking giant; VHM, in real estate; GAS, in energy; VNM, a major dairy producer; FPT, in technology; MSN, in food; VRE, in shopping centers; and ACV, in airports.
Vietnam's economy is projected to grow 7.09% in 2024 and is expected to continue expanding in 2025, which is much higher than Thailand. This factor makes listed companies grow profits by 15-20% annually, which is truly an attractive figure.
For each of these options, VCB is a core stock that must be held because it has the highest market value in Vietnam. VHM benefits from the expanding middle class. GAS is a stable energy stock. VNM is good for dividends. FPT is about technology and digital growth. MSN covers a wide range of businesses from food to retail. VRE benefits from the expansion of shopping malls. And ACV benefits from the recovery of tourism.
Access to this market isn't as difficult as you might think. You can open an account through Thai brokers like KSecurities or SCBS easily. Or, if you want lower fees, consider contacting Vietnamese brokers directly, such as SSI Securities or VNDirect. Another option is investing through mutual funds or online platforms like Interactive Brokers.
Thai investors often overlook which Vietnamese stocks are good. The answer is simple if you understand the country's economic fundamentals and industry trends. Vietnam's market has a positive outlook in the long term. Whatever stocks you choose, as long as you research and understand the risks before investing.