Asia Plus Securities (ASPS) recommends increasing investment in Vietnam, citing the country’s high growth prospects based on its ample local workforce, low minimum wage and steadily rising per capita income.
In terms of investment risk, the brokerage points to the Russia-Ukraine conflict and sanctions against Russian crude supplies that have caused energy prices to rise and impact certain sectors disproportionately, such as the finance and consumer sectors.
The war has also impacted both the bond market and stock market but the impact has been limited.
Both markets have recovered since the initial invasion of Ukraine and the brokerage believes that the war’s influence on bond and stock markets will gradually decrease, said Therdsak Thaveeteeratham, deputy managing director of ASPS.
He said to curb inflation, the Federal Reserve will likely raise short-term…
