Nhi says these three are the main financial products in Vietnam — but each falls short. Real estate is seen as safe but is very capital intensive and not accessible for the everyday investor; gold preserves wealth but doesn't generate passive income; and bank deposits are safe but don't give the yield to actually build wealth.
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She explains that culturally real estate is seen as very safe and secure to build your wealth, but it's very capital intensive and not really accessible for the everyday investor. Gold is seen as a way to preserve your wealth, but the problem is it doesn't generate passive income. Bank deposits are a very popular product that a lot of Vietnamese people put their money into — very safe and secure, but it doesn't necessarily give you the yield to actually build your wealth. The stock market is growing in Vietnam but is very volatile, and you have to have a lot of financial knowledge or time to invest, which a lot of retail investors do not have.