Vietnam property market are identified less affected by exchange rate
 
Last week, banks continued to fall sharply to below USD 22,500 VND / USD. Purchase price is only 22410-22430 VND / USD. Vietcombank and Eximbank biggest decline with a fall of 30 VND / USD including buying and selling. Thus, in just three days, the exchange rate fell by 60-70 VND / USD and bare away 22 547 VND / USD has maintained in previous 3 days. On the free market, prices in Hanoi at USD 22,660 dong (buying) and 22,720 dong (sold out). Thus, over the past 3 days, the price of 230 US dollars lower copper free. Earlier this week, have free time exceeded USD 22,900 dong.
 
In contrast to the USD, after falling "crisis", the stock has risen "spectacular". Along with that, gold has increased by 100,000 dong / tael buying side and 70 dong / tael selling side, listing weekend morning at 34.05 to 34.55 million / tael - regained 34 million milestone Council breached earlier. For the whole week, gold prices fell VND600,000 / tael when global gold prices fell the most 1 month.
 
In the report's tendency to consume gold World Gold Council (WGC) recently released showed that consumption of gold in Vietnam fell in the second quarter. Specifically, as in 6 months, gold consumption is about 33.3 tons Vietnam, by nearly 48% compared with last year. Particularly in the second quarter, Vietnam consumed 14.5 tons of gold, including 10.8 tonnes of gold bullion, gold jewelery remaining.
 
Thus, consumption fell by about 23% compared with the first quarter, while consumption fell to 25% gold bullion, gold jewelery dropped by nearly 16%. The highlight is the jewelry consumption has decreased compared with the first quarter, but if compared with the same period, the consumption of gold jewelry has increased by about 22%. And in the first 6 months of this year, this figure was equal to 63.5% compared with the 2014.
 
According to the interpretation of the World Gold Council, the gold price has enabled the purchasing power decreased jewelry, because the difference of the domestic gold price compared to the world mainly for gold bars, gold jewelry was the difference not much compared to the world price so high risk. Also, according to the WGC, not exclude the possibility that investors choose gold ring instead just to hold gold bullion to gold jewelery consumption rose, while gold bullion consumption declines.
 
Gold Risk, Securities unpredictable, so, in this moment, where the safe havens? This question is both financial investors of international concern. Usually, like pots interconnected, hollow side were pouring across, the stock market decline, investors will look to gold as a safe haven, pushing metals prices higher. However, precious metals slipped back when the stock market to pursue recovery. However, after what happened in the market last week, the experts say gold has been increasing point when the stock dropped as false. Gold has followed the trend of their own - no increase or decrease depending on the panic of the global stock market. Now, analysts are aiming their attention to a common European currency - Euro.
 
While most other currencies are devalued, the euro was up 4.5% against the dollar over the past 2 weeks. The currency continued to rise in "On Black Monday" with an increase of 1.8% to $ 1.159 Euro / USD. According to analysts, this impressive growth is due to concerns about the European economy starts to decline. Having said also said that the euro is showing a quality of assets "safe".
 
As for Vietnam market, in a recent report on the impact of exchange rate adjustment to the real estate market (real estate) Vietnam, CBRE - a trading company services the leading real estate world, said investors turned their attention to the real estate market. "Real estate capital investment is considered favorite channels from Vietnam compared to other investment channels such as gold, securities, interest rate savings, especially in the context of highly volatile markets. The predictions of a rate hike by the US administration has raised the dollar price and reduce the attractiveness of gold, gold prices fell to the lowest level in 5 years at the beginning of last August, "CBRE Vietnam received regulations.
 
According to CBRE, domestic investors have idle cash copper will turn more attention to real estate, especially for investment opportunities with high profitability from the rental and investment opportunities Terms fixed profitability, to help them secure the assets in the context of the currency may continue to be volatile. Notably, though, said that in Vietnam is "less affected by exchange rate factors", but analysts said the price of the CBRE real estate projects in the future have to import materials will pressure selling price increases, due to copper cash costs will be higher, especially if the cost calculated in USD.

 

 

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