Gold Prices Rise Close to One Hundred Million but Stocks Increase Even More

Gold prices have reached an all-time high, exceeding 98 million VND per tael and 3,000 USD per ounce globally. However, many stocks in the stock market have recorded even greater increases. Well-known stocks such as Vingroup (VIC, VHM), GELEX (GEX, GEE), and several financial stocks like SHB, VND, VCI have shown impressive growth since the start of the year. While gold remains a long-term investment channel, making profits from stocks requires careful stock selection. The VN-Index has only risen 5% this year, with many stocks actually decreasing. Moreover, timing is crucial for stock investments. Investors should consider a long-term investment strategy instead of continuous trading, as 95% of stock transactions tend to incur losses. The Vietnamese stock market shows positive prospects due to a stable economic situation and companies with strong growth potential.

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