AI and digital assets offer new investment opportunities

Speaking at a conference on H2 investment opportunities, Dat Tong, senior market strategist of Exness Investment Bank, said, “The advent of working from home during the pandemic is here to stay, but there is much debate about the productivity of working from home. However, it cannot be denied that the adoption of technology by employees increases to an unprecedented high level due.”

Pre-pandemic, employees mainly went to the workplace and rarely used technology. As working from home has been lasting for the past three years, employees start to get used to technology, especially AI. Indeed, several new AI applications have been brought into life.

Along with the rapid development of AI, many companies have increasingly utilised AI to produce goods and services. In particular, 20 per cent of the IT industry has adopted AI in their works, Tong said.

Oxford Economics has created an economic model digging into the 18,000 tasks that can be automated by AI and assessed from high to medium and low levels of AI adoption.

The findings reveal that AI can have an impact on productivity and GDP growth depending on each level. Specifically, AI technology could boost GDP by 0.6–2.5 per cent in 2027.

“Therefore, Vietnam needs to include this increase in upcoming productivity in GDP forecasts to have more detailed and closer assessments,” he said.

In addition, the Exness Investment Bank strategist pointed out that the supply of digital assets like Bitcoin continues to increase on the market while bitcoin mining supply drops every four years. There is still sustainable market demand for ETF funds. Nearly $1.2 billion was injected into the market through bitcoin ETFs last week, marking the third consecutive weekly inflow after Germany's government has been selling almost all of its remaining Bitcoin available in the previous weeks.

Bitcoin's market cap has jumped to $1.3 trillion, indicating the attractiveness of the digital asset market. The current market has better resistance and absorption than many years ago, when capitalisation increased and many different actors participated in the market, such as the government and ETFs.

Ether ETFs started trading on July 23, a day after receiving final approval from the US Securities and Exchange Commission. This will continue to help the market grow in capitalisation in the future.

Big players developing asset management services for all Wealth management services to protect and increase assets are becoming more popular, and not only for the rich. Dat Tong, senior market strategist at Exness, spoke to VIR’s Nguyen Phuong about the potential of the wealth management services in Vietnam.

Major role to play for fresh investment channels amid shifting funding flows The global economy is experiencing rapid and complicated changes, and businesses in particular are “swimming in the vortex”. Thai Viet Dung, director of Exness Vietnam, told VIR’s Hara Phuong about the pros and cons of seeking new investment channels.

VIR to host conference on H2 investment opportunities Vietnam Investment Review (VIR) will host a conference to discuss investment opportunities in the remaining months of 2024.