As we aren’t all that removed from approaching the tip of the yr, I believed I’d point out that that is most probably the final weblog publish this yr. One other challenge has come up for me that warrants extra consideration and kind of I really feel like I’ve coated most analysis matters I needed to discover on this weblog, the primary ones anyway.
One matter I had not absolutely explored, was that I had not but received round to opening up a stockbroking account in Vietnam because it wasn’t an enormous precedence for me. The latest falls within the inventory market although are making me keener to get onto this sooner. For these curious although, I did have some useful discussions with VN Direct (dealer), and in addition Normal Chartered Financial institution (for the IICA) in HCMC. The method wasn’t completely different to what I anticipated on this previous weblog publish of mine beneath:
HOW TO OPEN A STOCKBROKING ACOUNT IN VIETNAM
Those that have achieved enterprise in Vietnam would remember that notarization, paperwork and stamps and so on are to be anticipated so this course of is not any completely different. That’s not a criticism nonetheless, I’ve discovered everywhere in the world lately opening accounts requires a good bit extra time and persistence and kind filling in comparison with solely a decade in the past.
Right here is the previous weblog publish I referred to, so having now spent a while on the bottom and gone by way of these questions with a dealer in Vietnam this nonetheless looks like a good abstract to me.
WILL THE VIETNAM STOCK MARKET KEEP FALLING?
I don’t know! 😊. I used to be requested this not too long ago nonetheless and I need to concede that my hunch that Vietnam shares might not do as dangerous as US shares in 2022 in a bearish atmosphere is trying incorrect, at the least in the interim. The view was primarily based totally on way more enticing valuations and EPS progress in Vietnam versus the US.
The way in which I’m taking part in it anyway is that I haven’t added Vietnam inventory publicity over the previous few months despite the fact that there have been giant declines. I’m not that optimistic the worst is over for US shares, and sensible that if that’s the case then Vietnam’s inventory market can simply be dragged down with it.
Briefly, if I see the S&P500 undergo additional injury to say circa 3,300 degree it’s most likely a secure wager to imagine I’m including a little bit of publicity to shares correlated to Vietnam. I’m eyeing in the meanwhile probably one of many CEFs I’ve talked about earlier than within the Dragon Vietnam Enterprise Investments Ltd(VEIL LN), managed by Dragon Capital. Additionally a inventory listed on the ASX in United Abroad Australia.
Under are some hyperlinks to observe with a bit extra coloration on these 2 investments.
SHARESIGHT PORTFOLIO TRACKER REVIEW 2022 – VIETNAM STOCK MARKET (vietnamesestockmarket.com)
If it’s not these 2, and the market has been falling then it most likely means I’ve determined to progress opening up a Vietnam inventory broking account and gone with some direct holdings. If that’s the case, I shall try to be aware within the feedback space later.
On that topic, if some other readers on the market have gone by way of this course of and have some suggestions with different good dealer / financial institution choices to make use of let me know. Or in case you are a Vietnam dealer who has came upon this be at liberty to get in contact with me. If you may make it good and straightforward for me, we are able to even talk about me giving your brokerage providers a really useful point out on the weblog right here 😊.
With the plunging Vietnam inventory market of late, I didn’t wish to be “that man” who blogged about Vietnam shares then stopped simply because the market is falling! That is without doubt one of the functions of this weblog replace, and saying I is likely to be going quiet for some time.
While I’m going quiet on the weblog for a short time personally, as talked about it’s to do with one other work challenge developing for me. I’m nonetheless of the view that Vietnam shares are trying more and more enticing and am a hopefully purchaser on the dip.
Regardless of this, be at liberty to refer again to the feedback space on this specific weblog publish. As if I progress with a Vietnam broking account, and / or add to my Vietnam inventory exposures in any method, I’ll make a fast be aware within the feedback thread beneath on this weblog publish.
SHOULD FOREIGNERS OPEN UP A STOCKBROKING ACCOUNT IN VIETNAM?
That is extra of a private choice than something. As I’ve alluded to beforehand, usually a foreigner within the Vietnam inventory market can most likely simply stick with the funds I’ve reviewed beforehand. I say this as it’s doubtless many foreigners are solely allocating a small portion of their portfolio to Vietnam. An allocation dimension that probably doesn’t warrant consuming time on opening accounts and analyzing particular person Vietnam shares.
I’m additionally most likely becoming that description in regard to bothering to spend the time in such a method. Nevertheless I’m in a distinct place to many in that I spend a major period of time in the course of the yr in Vietnam. That simply makes the account opening process probably quite a bit simpler. It additionally provides you some data of seeing some key Vietnam manufacturers and financial system shut up. It additionally means the method of getting sale proceeds from Vietnam again to your individual nation might not be as essential, if you happen to typically have loads of expenditures primarily based in Vietnam.
So even for somebody who solely stays in Vietnam a month a yr, they may see some worth in having a stockbroking account in Vietnam. It’s honest to say governments on the planet have shocked many for the reason that pandemic when it comes to management they exert. Having a diversified portfolio not solely with the worldwide shares you personal, however WHERE the custody and so on of the securities / banking is held is more and more essential in such an atmosphere I’d argue. An account in Vietnam from that perspective, provides you added diversification otherwise for instance than if you happen to purchase a preferred Vietnam ETF listed on the US inventory change.
VIETNAM STOCK MARKET OUTLOOK 2023 AND FUTURE BLOG POSTS
Hopefully for Vietnam inventory market buyers, 2023 can be higher than what 2022 seems to be like on the time of me penning this!
As I’m making an attempt to spend extra time on my Australian investments now (there’s an funding product I’ve partnered up with somebody that hopefully will get launched quickly, I can possibly add some particulars quickly right here about that), this is likely to be my final weblog publish for fairly some time right here.
Nevertheless please take into account bookmarking my website web page and even nonetheless subscribing as there nonetheless might effectively be some posts added sooner or later. The house web page of this website I’ve Vietnam inventory market information feeds displaying for a little bit of the newest goings on available in the market you possibly can take a look at. I’m additionally open minded if a follower on the market desires to write down some articles a bit for the positioning right here in 2023. It will be fascinating if a Vietnamese native notably needed to write down in regards to the inventory market. It gained’t make you wealthy however if you happen to get pleasure from writing in regards to the Vietnam inventory market, doing so and choosing up some freelancer cash might be enjoyable for you. Be happy to get in contact with me valueinvestingforaliving@gmail.com
I hope although lots of the articles I’ve written within the final 18 months provides many a really helpful overview of tips on how to spend money on the Vietnam inventory market. I’ve tried to make them comparatively “evergreen”, so that may be one more reason to bookmark the web page. As I anticipate lots of the fund critiques, and overviews of the financial system, inventory market and so on ought to nonetheless be related even in a number of years from now.
Thanks once more for studying my weblog, and beneath you possibly can nonetheless subscribe if you want.
To remain up to date on my journey on exploring tips on how to greatest spend money on the Vietnam inventory market, please be at liberty to enter your electronic mail handle within the subscriber space beneath to be notified of posts I make. (I cannot spam your inbox, anticipate maybe normally one related weekly replace).
Thanks!
