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หุ้นเวียดนาม เป็นขาขึ้นรอบใหญ่? | Right Now Brief Ep.638

Summary of "หุ้นเวียดนาม เป็นขาขึ้นรอบใหญ่? | Right Now Brief Ep.638"

Short Summary:

This episode of Right Now Brief explores the potential for Vietnamese stocks to be on a major upswing. The speaker highlights the rapid adoption of technology, growing consumer spending, and the increasing presence of foreign brands in Vietnam. He also discusses the competitive landscape of the retail sector, with both local and international players vying for market share. While acknowledging the potential for growth, the speaker cautions investors to be selective and conduct thorough research before investing in Vietnamese stocks.

Detailed Summary:

Section 1: Observations from Vietnam

• The speaker shares his recent observations from a trip to Vietnam, noting the rapid adoption of technology, including mobile payment apps and online banking.
• He also observes a significant increase in consumer spending, particularly in restaurants and shopping malls.
• However, he notes that prices, especially for food, have risen significantly compared to previous years.
• The speaker believes that Vietnam has successfully navigated the recent real estate crisis and is poised for continued growth.

Section 2: Vietnamese Consumer Spending and Labor Market

• The speaker discusses the growing purchasing power of Vietnamese consumers, particularly in the manufacturing sector.
• He notes that Vietnamese workers are more willing to switch jobs for higher salaries compared to their Thai counterparts.
• This dynamic contributes to a competitive labor market and drives wage growth.

Section 3: The Retail Sector in Vietnam

• The speaker observes a boom in the retail sector, with the opening of numerous large shopping malls featuring international brands.
• He compares the Vietnamese retail landscape to that of Thailand, highlighting the differences in market dynamics and consumer preferences.
• He notes that Vietnamese shopping malls tend to focus on higher-end brands and offer fewer budget-friendly options compared to their Thai counterparts.

Section 4: Valuation and Investment Opportunities

• The speaker cautions investors that valuations for Vietnamese retail stocks may not be directly comparable to those in Thailand due to different market dynamics and competition levels.
• He highlights the potential for growth in the Vietnamese retail sector, driven by rising consumer spending and a large population.
• However, he emphasizes the importance of careful research and analysis before investing in Vietnamese stocks, as the market is still relatively immature and competitive.

Section 5: The Role of Foreign Investment

• The speaker believes that Vietnam's potential upgrade to emerging market status within the next few years could attract significant foreign investment.
• This influx of capital could further fuel the growth of Vietnamese stocks, particularly in large-cap companies.
• He suggests that mid-cap stocks, particularly those in the technology sector, offer attractive investment opportunities.

Section 6: The Technology Sector in Vietnam

• The speaker highlights the rapid growth of Vietnam's technology sector, citing the example of FPT, a leading technology company with a strong presence in software development and IT services.
• He notes that FPT is involved in various projects, including platform development for airlines and automotive companies.
• He also discusses the strong emphasis on technology education in Vietnam, with universities offering specialized programs in programming and software development.

Section 7: The Future of Vietnam

• The speaker expresses confidence in Vietnam's future economic prospects, predicting that the country will achieve middle-income status and potentially become a developed nation.
• He attributes this optimism to the country's young and ambitious population, coupled with a strong focus on technology and innovation.
• He believes that Vietnam has the potential to become a leading technological hub in Southeast Asia.

Section 8: The Convenience Store Market in Vietnam

• The speaker discusses the convenience store market in Vietnam, noting that 7-Eleven has yet to achieve significant market penetration.
• He highlights the success of 7-Eleven in serving the needs of FPT employees, particularly those working late hours.
• However, he believes that convenience stores in Vietnam face challenges in competing with traditional street vendors and local shops.

Notable Quotes:

• "เวียดนามอาจจะไม่ได้รุนแรงเท่าจีนแต่ว่าภาคอสังหาเนี่ยดูดูไม่ได้มีใครที่จะแตกเพิ่มเติมแล้วครับคุณอิก็ปรับถาเรียบร้อยเตรียมตัวที่จะโตปีนี้เข้าใจว่าเยังโต 56% อยู่เนาะปีหน้าก็ยังโตระดับ 5% กว่าๆได้อยู่ครับอืครับ" (Vietnam may not have been as severely affected as China, but the real estate sector seems to have stabilized and is ready to grow. We understand that it's still growing at 5-6% this year, and next year it's expected to grow at over 5%.)
• "คนเวียดนามตอนนี้ คนหนุ่มสาวเล่นหุ้นเยอะอ้าเล่นหุ้นเยอะผม ดูจากตัวเลขก็ 7 ล้านกว่าแต่ยังเพิ่มขึ้น ทุกวันทุกวันเดือนนึงก็เป็นแสนแเดือนเป็น แสนน่ะนะหลายแสนบางเดือนก็ถือว่าคึกมากนะ" (Young people in Vietnam are really into stocks. The number of retail investors is over 7 million and is growing every day. There are hundreds of thousands of new investors every month.)
• "เวียดนามเมีศักยภาพที่จะเป็นผู้นำของ ไฮเทคนะเมีอะไรของเค้าเยอะแยะนะอาเป็นว่า" (Vietnam has the potential to be a leader in technology. They have a lot of things going for them.)
• "คนเวียดนามเนี่ยเแล้วถามว่าทำไมภาษาดีนะเบอกก็เ เรียนจาก YouTube นี่แหละทุกคนแบบนี้หมด คือเขารู้สึกว่าต้องเรียนภาษาอังกฤษให้ ได้เพราะว่าอนาคตคุณจะรุ่งเรืองเพราะ ฉะนั้นคนก็จะเรียนกันใหญ่เรียนเองนะคือ เป็นอะไรที่ผมบอกว่าตอนเนี้ยคนเวียดนาม กำลังเ้าเรียกว่าหิวนะอยากประสบความ สำเร็จแล้วก็มีความ ambition มีความ พยายามที่จะรวยที่จะทำงานอะไรต่างๆ อันเนี้ยจะเป็นตัวขับแบนอันเนี้ยหมายความ ว่าคนหนุ่มๆสาวๆที่กำลังหิวกระหายที่จะ ประสบความสำเร็จมีความฝันแล้วก็เก่งด้วย นะเค้าก็จะเป็นคนต่อไปอีกจนเเก็เสียนี่ แหละ" (Vietnamese people are learning English from YouTube. They feel that they need to learn English to succeed in the future. This is a sign that Vietnamese people are hungry for success and have a strong ambition to work hard and become wealthy.)
• "เรายิ่งไม่มีความมั่นใจนะไอ้ หุ้นตัวเนี้ยือถือไปะยาวๆไม่เป็นไรนี่ เป็นตัวอย่างนะครับ" (If you're not confident about a stock, just hold it for the long term. It's a good example.)

Overall, the speaker provides a positive outlook on the Vietnamese economy and stock market, highlighting the country's rapid growth, technological advancements, and ambitious young population. However, he also emphasizes the importance of careful research and due diligence before investing in Vietnamese stocks, as the market is still evolving and competitive.