HCM City (VNA) - Investors’ optimism about the stock market has declined from a score of 73 out of 100 last October to 63 now, according to the latest survey by the JP Investment Services Group.
The survey also found that with a score of 81 real estate investors remained optimistic though slightly worried about a proposed new tax and other measures to cool down the over-heated market.
General confidence among local investors, as measured by the Viet Nam Investor Confidence (VIC), was at 73 points, slightly down from 75 last October.
The VIC seeks to decipher the market trends for investment and capital funds, banks, real estate developers, and securities companies.
The survey is carried out every month by polling a panel comprising 2,000 local investors who have around 10 trillion VND (600 million USD) in the stock and property markets.
Points are awarded for optimism about the global and Vietnamese economies, belief in the Vietnamese investment environment, the ability to increase capital in general and in various sectors, and the next buy or sell investment decision.
In each sector, the optimism score will reflect the investment plans of the panel. For instance, the January survey found that HCM City’s District 7 will remain a sought-after location with 50 percent of the panel wanting to buy land there.
In the stock market, real estate shares ranked first in the latest survey with 23 per cent planning to buy, followed by banks and construction with 21 and 18 per cent.
When selling and buying plans are netted, price trends can be predicted, making tool for managers in the financial, stock, and property markets.
JP Group Vietnam is a joint venture between five partners,- Practical Support Consultant Singapore, JP & Associate, FTA market research, Activate marketing services, and LTC Strategy Vietnam.-- Enditem
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