Thai securities company recommends investing in Vietnam

The recommendation is based on an assessment of high growth prospects based on an abundant labor force, low minimum wages and steady increase in per capita income in Vietnam.

In an article published in the Bangkok Post Newspaper, Securities Company Asia Plus – one of Thailand’s major securities companies with 16 branches in Bangkok and other provinces, said that in order to avoid risks from the conflict between Ukraine and Russia as well as the fact that the Reserve The US Federal Reserve (FED) may raise short-term interest rates to curb inflation, so investors should invest in Vietnam.

The company believes that Vietnam’s economy is growing strongly and is becoming more and more attractive to foreign investors thanks to its large working-age population and relatively low minimum wage.

Foreign Direct Investment in the first quarter of this year, Vietnam increased by 7.8% over the same period last year despite the COVID-19 pandemic. This is because many leading global corporations such as Apple, Samsung and Toyota have begun to expand the market here.

Asia Plus securities company also forecast that Vietnam will achieve GDP growth of 5-7% until 2028, surpassing Thailand and Singapore; At the same time, the fact that Vietnam’s stock index has only fallen 2% since the beginning of this year – a relatively modest level in the context of the S&P 500 index’s 10% drop – represents the index’s stability despite world turmoil.

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