Investing in Vietnam: Here Are the Three Best Sectors

No matter where in the world you live, there are opportunities for those who would like to invest. There are numerous reasons you might consider doing this, from wealth diversification to a simple desire to grow your money.   

Naturally, there will always be some risk involved. There is no surefire way to increase your capital or else everyone would be doing it. Some sectors, however, offer better growth opportunities than others. Here, we take a look at three of them for those based in Vietnam and considering investing.  

Why invest in Vietnam

Whether you live locally or are casting your eyes to Vietnam from overseas, there are lots of reasons to invest in the country and many ways to do it. From stocks to commodities to contracts for difference, there are several instruments to pick between. Take the latter as an example, a contract for difference – or CFD – is a way to trade on the financial markets without owning the underlying asset. More, it allows you to profit from both rising and falling values.   

No wonder, then, that people are taking advantage of these instruments to trade in Vietnam, a country with stable growth, continual innovation, and constant progress. With a mission to become a developed nation within the next few years, opportunities abound – and investors are seizing the day.  

With a current trading flow of $340 billion, these are three of the markets where savvy investors are putting their money.  

The hotel industry

In 2020, tourism revenue in Vietnam stood at $13.8 billion – a number that’s estimated to grow again in 2021. With travel encouraged and foreign nationals made to feel welcome, many are drawn by the country’s temperate climes and incredible sights.

But it’s not only backpackers who want to visit; Vietnam is seeing an increasing desire for high-end hotels and luxury accommodation. For this reason, such projects have huge investment potential. With the greatest demand seen in big cities like Ho Chi Minh and Hanoi, joint ventures and partnerships represent ideal avenues for getting involved.  

Renewable energy

At the current time, much of Vietnam’s energy comes from non-renewable sources like coal and gas. With the move toward a greener ethos, however, there are some exciting and eco-friendly projects in the works, including solar stations and wind farms.

The government has invested heavily in these and has committed to tripling green energy output by 2030. This means these projects have a lot of growth potential, likely making them a profitable bet for investors.      

Retail banking and fintech

The way we bank is changing too – there’s no doubt about it. We see this same trend the world over, but one country that has especially high growth potential is Vietnam. With a large number of its population currently unbanked, there’s a ready-made audience waiting to take advantage.

Not only this, but the country is developing at a rapid rate. With incomes increasing, people have more disposable income, and they’ll not only be looking to spend it but to save it. Fintech and retail banking will be obvious choices for this increasingly moneyed population due to high mobile penetration.    

For those looking for investment opportunities, Vietnam has many. Though success is never guaranteed, all of these sectors have solid growth potential, making them worth considering for those seeking to build a strong – and hopefully profitable – portfolio.

Share this story, choose your platform!

Share on facebook
Share on twitter
Share on pinterest
Share on tumblr
Share on google
Share on linkedin
Share on reddit
Share on vk
Share on email
About the author:

Leave a Comment

Fascinating Vape Subscription Tactics That Can Help Your Business Grow

The selling e-cigarette and vape products industry is booming and will keep rising in the following years. The opportunity to start selling e-cigarette and vape items online has never been more fantastic. Starting an online e-cigarette and vape company may be a lucrative and enjoyable hobby, but it requires effort and study to succeed. However,

Read More »

The US and UK Bitcoin Scenario

Bitcoin is a sort of decentralized traditional money that only exists online in an ideal world and is utilized for international trade and commerce. In terms of dealing with the process of utilization of things bitcoin is functionally similar to fiat currency however, it was never intended to work with the current system of middlemen,

Read More »

Why Meeting Rooms Are Still Important for WFH Companies

Over the past few years, a lot of companies have chosen to allow their employees to work from home. Technology means that it is easier to stay in touch and to collaborate on projects, as well as people report they are more productive in a comfortable home environment. But, this does not mean that all

Read More »

Things That Beginner Forex Traders Should Consider

If you have been thinking about getting into forex trading, that’s great! There are many people all over the world who are already trading currency pairs. And with the right strategy, you might be able to make a substantial return on the money you put into this market. But before you get started, there are

Read More »

7 Tips for Selecting the Best iGaming Platform

The iGaming experience is touching the next level with incredible technological advancements. Consider a few points before selecting the perfect gaming platform if you’re a game maniac. Gaming platforms offer thrill, amazing visuals, and excitement. So, whatever game you want to play, here are seven tips for selecting the best iGaming platform. The Game it

Read More »