Second Forecast Dinner hosted by the CFA community in Vietnam

10:28 | 23/02/2017
Following the success of last year’s event, the community of the CFA Institute members in Vietnam yesterday organised its 2nd Annual Forecast Dinner in Ho Chi Minh City, joined by leading experts from Vietnam and Asia-Pacific region.

The panelists and attendees gave their forecast for Vietnam’s economy and capital market in 2017, including GDP growth, inflation, exchange rate, macro-economic policies and the VN-Index; along with a general outlook for key industries, such as real estate, banking, and commodities.

“In the short to medium term, I expect Vietnam growth to be between 6-7 per cent thanks to better institutional capacity. The State Bank of Vietnam manages the currency more flexibly and is much more market oriented. The government, too, isn’t just purely pro-growth at the expense of sustainability,” said one of the three panelists, Trinh Nguyen, senior economist, Emerging Asia at Natixis Hong Kong. “This can be seen in the current account where it made a massive turn-around from negative to positive. This is thanks to stronger growth of exports than imports. Although a current account deficit is not a negative event in Vietnam’s case, the key is to avoid excessive and unsustainable growth.”

At the event, the other two speakers, Fiachra MacCana, managing director and co-head of Institutional Division at Ho Chi Minh City Securities Corporation and Nguyen Duc Thanh, president of Vietnam Institute for Economic and Policy Research also gave their views and valuable analysis over the Vietnam’s economy and stock market in 2017.  

The event attracted more than 130 investment professionals, of which about 60 are CFA members. Delegates had the opportunity to submit their own 2017 forecast via CFA Institute’s forecast contest, with the most accurate submissions to be awarded prizes at next year’s event. Four of last year’s attendees were honored for submitting the most accurate 2016 forecasts and awarded at the event.

“We are delighted by the success of our second annual forecast event,” said Vo Sang Xuan Vinh, president of Steering Committee of the CFA community in Vietnam.  “It’s clear there is a huge appetite for knowledge among professionals and analysts, and attendees were able to enjoy hearing from the regional lineup of speakers and panelists, and network with like-minded peers of the highest caliber. We hope to continue the event series in coming years with more and more interesting themed topics and attract a wide spectrum of participants.”

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organisation is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 138,000 members in 151 countries and territories, including 132,000 charterholders, and 147 member societies.

For more information, visit www.cfainstitute.org

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By By Huyen Ngoc

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