Vietnam Financial Planning Lags Despite Growing Portfolio Diversification

Vietnam financial planning remains underdeveloped despite investors gradually diversifying their portfolios, according to a nationwide survey by Thien Viet Securities.

The study of 1,000 investors holding at least VND500m (USD19,047) in assets found that bank deposits, property and gold still accounted for 87% of total household investments.

While 55% of respondents used between two and three investment channels and 39% invested across four or five asset classes, equities, bonds, mutual funds and foreign currencies each represented less than 10% of average portfolios.

Although 86% of investors recognised the benefits of diversification, three-quarters continued to favour property and gold because of familiarity and perceived security.

Only 27% had established a clear long-term financial plan, while 95% had never sought paid professional financial advice.

Thien Viet Securities concluded that future financial resilience will increasingly depend on diversification, liquidity, disciplined cash-flow management and long-term wealth planning.