#Markus winkler moneyhouse drivers#
#Markus winkler moneyhouse free#

«This will rekindle the government’s and parliament’s work to make further privatizations» As the economic outlook remains excellent and the stock valuations remain less than half those of similar tiger economies, this would only correspond to a shift along the time axis. The Vietnamese exchange will not be able to duck a global bear market, even if the situation in many emerging markets – and particularly so in Vietnam – is much different. The high valuations and increasing jumpiness on the major markets may however put a spanner in the works for the country. As the public corporations had an average profit growth of 29 percent in the first half of 2018, a continuation of the upward trend is to be expected, following a six-month correction and consolidation. In April 2018 came the overdue correction, which moved the index back to the long-term trend channel – a very healthy development. Speculation about an upcoming inclusion of Vietnam into the MSCI Emerging Market Index in October 2017 prompted it to break out of its trend channel and started a veritable boom. Since 2016, Vietnam has one of the world’s most attractive stock exchanges. «Vietnam will definitely not be able to duck a global bear market» Hence there is no need for the Vietnamese central bank to change its monetary, credit and interest rate policies.

Core inflation however, stripped of the volatile energy and food prices, was still at 1.6 percent. Inflation remains under control: with higher energy prices and an increase in school fees in September, the annual inflation rate accelerated to 4 percent. With a traditionally strong balance of capital movements, currency reserves have risen further. Exports grew 15.4 percent in the first nine months and imports 11.8 percent, thus widening the trade surplus to 5.4 billion Swiss francs ($5.4 billion). The other macro-economic key indicators also remain benign.

#Markus winkler moneyhouse drivers#

With the two main growth drivers – demographics and foreign direct investment – still positive, we can expect sustained, far-above-the-average economic growth for years to come. The recently released figures for economic growth in the third quarter and first nine months of 2018 show that the positive conclusions for the country’s outlook are fully justified: Vietnam’s gross domestic product in the twelve months through September expanded by 7 percent, one of the highest rates in the world.

«We can expect sustained, far-above-the-average economic growth for years to come» It acts as a guarantee for new jobs and rising incomes for a decade to come and thus for a higher purchasing power of the population. The investment pipeline has already reached $160 billion and is growing rapidly. Since January, FDI worth some $19.67 billion were agreed and $13.25 billion executed. The result are record high foreign direct investments (FDI).

#Markus winkler moneyhouse free#

Vietnam has positioned itself very smartly with the help of numerous free trade agreements and thus has become a highly attractive manufacturing base. has now prompted even more international firms – among them even some Chinese corporations – to move part of their production to Vietnam. The escalating trade war between China and the U.S. The publishers of are responsible for the selection.įor some years, there has been a trend to shift production capacity from China to Vietnam, because many of its workers are better trained and, what’s more, much cheaper. The texts are published in both German and English. and China actually has had a positive effect on the country’s economy.įinews.first is a forum for renowned authors specialized on economic and financial topics. Vietnam is currently the best investment case, says Markus Winkler in an essay for finews.first.