Vietnam investors tilt portfolios toward real estate as deposit rates climb

A survey of 1,000 Vietnamese investors with at least 500 million VND in assets shows that about 87% of portfolio value remains in three traditional categories: savings deposits (≈37%), real estate (≈36%) and gold (≈14%).

Among those holding over 2 billion VND, real estate becomes the dominant asset at 46% of the portfolio, while the share of deposits falls to 26% and gold drops to 10%. Higher‑income households display a similar move from deposits to property.

Deposit rates have risen sharply, with 12‑month terms now offering up to 9% annual interest, and gold prices have surged roughly 300% over three years to $4,500‑$5,500 per ounce. Experts such as Nguyễn Thanh Minh advise a hybrid approach: maintain a core equity position but increase fixed‑income and cash holdings to benefit from higher rates.

Despite a stated desire for diversification, 76% of respondents still favor familiar assets, and liquidity is limited – about half of investors can mobilise only 40% of their assets within 30 days.