Morning news 9-10: Gold has a higher investment return rate than land?

HSBC: Vietnam's economy has risen despite all doubts

In the news in the recently released report titled "Vietnam to benefit in the coming decades thanks to strong capital market reforms", Mr. Gary Harron - Head of Securities Services, HSBC Vietnam - said that the Vietnamese economy has risen against all skepticism, once again affirming its position as an outstanding economy in the group of frontier and emerging markets with a GDP growth rate of 8.23% in the third quarter, the highest level since 2011, except for 2022 (14.38%) when Vietnam begins to recover from the COVID-19 pandemic.

Mr. Gary Harron also mentioned that on October 7, FTSE Russell announced the long-awaited results of its stock market classification assessment, after putting Vietnam on the waiting list for classification consideration since September 2018.

With the upgrade, HSBC experts said that despite the conditions, Vietnam is only two places away from the leading group of "developed markets" and this result is also a recognition of the joint efforts of the government , management agencies and market members.

In the six months since FTSE Russell’s last report, HSBC has observed a strong spirit of cooperation and unity among relevant authorities, foreign investors and market participants to remove the final barriers for Vietnam to be upgraded to secondary emerging market status.

Not stopping there, the relevant authorities have announced plans to achieve MSCI emerging market classification by 2030, expected to open up even larger capital flows.

Foreign investors and self-employed compete to sell net

Hanoi Stock Exchange (HNX) said that the UPCoM market in September 2025 recorded a downward trend in both points and liquidity.

At the end of the last trading session of the month (September 30), the UPCoM-Index stopped at 110.01 points, down 0.99 points compared to 111 points at the end of August.

Liquidity dropped sharply when the average trading volume was only 54.43 million shares/session, down 48.9% compared to the level of more than 106.5 million shares/session of the previous month.

The average trading value also decreased accordingly, down to VND797.3 billion/session, 47% lower than VND1,504.8 billion/session in August.

Notably, foreign investors continued to maintain a net selling trend in September.

tin tức - Ảnh 3. — Asian stock markets are flooded with green - Photo: Tan Van Xa

Specifically, foreign investors bought more than 8.06 million shares, but sold nearly 32 million shares. The total purchase value reached about 280.3 billion VND, while the selling value reached 823.1 billion VND, equivalent to a net selling value of more than 542.8 billion VND.

This September, the self-trading sector of securities companies recorded a significant increase in transaction volume. Accordingly, the total value of self-trading transactions reached 568.8 billion VND, nearly 3 times higher than the 200.8 billion VND of August.

However, this block is still in a net selling state, when the buying value reached 139.8 billion VND, while the selling value reached 429.1 billion VND, equivalent to a net selling of 289.3 billion VND in the month.

Gold has a higher investment return rate than land

In the recently published news report, Batdongsan channel has compared the correlation of investment rates between real estate and a series of other channels.

Specifically, the report points out a noteworthy point: in the period 2015-2025, investment channels in Vietnam have had strong differentiation and 2025 has become a "major change" in the correlation of rates between asset channels.

Gold took the lead with a 3.57-fold increase compared to 2015, followed by land with a 3.12-fold increase, reflecting strong cash flow into real assets associated with infrastructure expectations and long-term accumulation.

Although the apartment segment did not have the strongest growth, it also accelerated, gradually catching up with land plots thanks to both meeting real housing needs and having investment potential. Securities followed closely with an increase of 2.78 times, affirming its role as an attractive investment channel in the context of economic recovery and global fluctuations.

In contrast, savings deposits and USD became less competitive, increasing only 67% and 24% respectively, showing that interest rates and foreign currencies are no longer effective shelters.

Overall, 2025 marks the re-establishment of order among asset channels, with gold, land and apartments emerging as leaders, while stocks maintain a stable role, and savings and USD become yield troughs, according to the report.

Installing corrugated iron fences at some locations for construction of the expansion of the Ho Chi Minh City - Long Thanh Expressway

Vietnam Expressway Engineering Services Joint Stock Company (VEC-E) has just sent a notice that at the Ho Chi Minh City - Long Thanh Expressway, the contractor will install corrugated iron fences within the scope of the XL02 package (from km13+900 to km25+920) from October 9.

tin tức - Ảnh 5. — Serious traffic congestion at the foot of Long Thanh bridge, just past Long Phuoc toll station, from Dong Nai province to Ho Chi Minh City on the afternoon of September 2 - Photo: MINH HOA

At the locations where the fences are installed, speed limit signs will be installed according to regulations to ensure traffic safety for vehicles traveling on the highway.

VEC-E said it will update VOV Traffic and customers with full and timely information about the locations of corrugated iron fence installations, as well as recommendations to facilitate travel.

The Ho Chi Minh City - Long Thanh Expressway expansion project is an urgent construction project, which started on August 19.

In terms of scale, the 4.8km section from the junction of Ring Road 2 to the junction of Ring Road 3 of Ho Chi Minh City will be expanded from 4 lanes to 8 lanes.

The section from the Ring Road 3 intersection to the Bien Hoa - Vung Tau Expressway intersection is 14.7km long and will be expanded to 10 lanes. Long Thanh Bridge will be built with a new 5-lane bridge from Ho Chi Minh City to Long Thanh, on the right side of the existing bridge.

Regarding construction progress, the project is expected to be completed in 2026 to connect synchronously and effectively with Long Thanh airport. As for Long Thanh bridge, the main bridge is expected to be completed in December 2026 and the remaining items will be completed in the first quarter of 2027.