23
5月
The strong increase in demand from foreign investors brought the market into a state of being net bought. Net buy value was USD33mn. With ETF flow, outflow was active. Net outflow was USD5mn. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
16
5月
Selling pressure has started to slow down but still faded the foreign demand, pushing the market to end up to be net sold. Net sell value was USD7mn. With ETF flow, outflow was active. Net outflow was USD11mn. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
09
5月
Selling pressure has started to slow down but still faded the foreign demand, pushing the market to end up to be net sold. Net sell value was USD20mn. With ETF flow, outflow was active. Net outflow was USD1mn. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
05
5月
Selling pressure has started to slow down but still faded the foreign demand, pushing the market to end up to be net sold. Net sell value was USD0.8mn. With ETF flow, outflow has come back to Vietnam. Net outflow was USD18mn, a yearly high. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
25
4月
Foreign trading activity slowed down but demand continued to be faded by supply, pushing the market to ended up to be net sold. Net sell value was USD13mn. With ETF flow, the flow of money was not significant across Vietnam when the total outflow on major ETFs was fully covered by the total inflow. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
11
4月
Foreign demand slowed down whilst selling pressure stayed at high level, pushing the market to ended up to be net sold. Net sell value was USD33mn. With ETF flow, outflow was active across Vietnam, ending the 4 consecutive weeks of inflow. Outflow was USD2mn. Notably, outflow has spread among major ETFs and demand on Fubon ETF was paused. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
05
4月
Foreign demand slowed down whilst selling pressure stayed at high level, pushing the market to ended up to be net sold. Net sell value was USD6mn. With ETF flow, the inflow has been active across Vietnam for 4 consecutive weeks as well as demand stayed at high level. Inflow was USD14mn. Although there was the active inflow, demand focused only on Fubon ETF whilst other major ETFs such as VFMVN30 ETF, VFMVN Diamond, VNFin Lead, and KIM Growth VN30 ETF, FTSE Vietnam experienced the outflow or the insignificant flow of money.
29
3月
Foreign demand continued to outweigh supply. Net buy value was USD17mn. With ETF flow, the inflow has come back across Vietnam as well as demand kept increasing. Inflow was USD27mn, tripled the previous week. Although there was the active inflow, demand focused only on Fubon ETF whilst other major ETFs such as VFMVN30 ETF, VFMVN Diamond, VNFin Lead, and KIM Growth VN30 ETF, FTSE Vietnam experienced the outflow or the insignificant flow of money.
21
3月
FForeign demand came back despite supply remained at 3-week average (USD230mn) and pushing the market to end up to be net bought. Net buy value was USD98mn, a 2-month high. With ETF flow, the inflow has come back to Vietnam, but demand is still weak. Although there was the active inflow, demand focused only on Fubon ETF whilst other major ETFs such as VFMVN30 ETF, VFMVN Diamond, VNFin Lead, and KIM Growth VN30 ETF experienced the outflow.
14
3月
Foreign demand came back, supply remained at 3-week average (USD230mn) and pushing the market to end up to be net bought. Net buy value was USD42mn. With ETF flow, the inflow come back across Vietnam, but demand is still weak. Inflow was USD5mn. Inflow was still active across foreign ETFs such as FTSE Vietnam and VanEck Vietnam as well as there was no remarkable outflow across Fubon ETF.
24
8月
U.S July Retail sales and Vietnam T&G exports According to the latest data from the U.S. Census Bureau, retail sales in the U.S. increased by 0.7% MoM in July of 2023, marking a fourth consecutive rise, and beating market forecasts of a 0.4% increase. In more detail, US clothing store sales grew 1.34% YoY in July, slightly decelerated from 2.69% in June, but remain higher than the one-year slowest growth of 0.32% in April. The potential upturn in US clothing sales, given a relatively strong correlation with Vietnam T&G exports, subsequently benefiting this export sector in the latter half of 2023.
02
8月
July’s data revealed a substantial improvement in economic activities with a softer decline in export turnover, an improving industrial production, and a renewed acceleration in retail sales. On one hand, U.S. consumers tend to regain their confidence during the late phase of the global interest rate hike, fastening the resolution of the overstocking and consequently promoting Vietnam’s export activities. On the other hand, retail sales recorded a higher growth rate than in June coupled with moderate inflation after a series of easing fiscal policies, likely reflecting an expanding demand. We predict economic performance to improve further next month due to softening external headwinds and expanding domestic demand.
28
7月
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. In addition, the well-controlled inflation and stable exchange rate provide more space for the monetary authority to follow the easing tendency in the next quarter.
13
7月
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. Investment opportunities exist in Power and Agriculture, Seafood industries that backed by El-Nino and China consumption themes. Besides, crushed stone industry also offers a lucrative choice from 3Q23 for those investors seeking for rising public spending theme. We expect the target range for VNIndex in 2H23 to be 1,260-1,340 points.
30
6月
GSO’s June report shows a slight acceleration in economic performance for the second quarter of 2023. Although the economic growth surpassed the downgraded market assessment, it is far from the expected value in the eco-socio tasks. For the latest update in June, export activities deteriorated under the persistent slowdown in the consumption of Vietnam’s major trading partners, showing challenges for the economy to speed up. Regarding domestic factors, the recovery momentum in post-pandemic exhausted with retail sales much lower than the potential level. In the short term, we predict public investment will mainly support economic growth before material improvement in external factors occurs.
English
Tiếng Việt