Strategic Insight: A big bull?
Economic activities remain strong in the second quarter with an unexpectedly high growth rate due to the fruitful trade and recovering domestic consumption. Given this momentum, we predict that Vietnam’s economy to accelerate in the next quarter. However, the recession would possibly lower economic performance than expected through the global value chain transmission. For Vietnam stock market, we expect that the VNIndex would form a new trough thanks to solid macro indicators and the analysis of cycles and patterns of the VNIndex. Accordingly, the index would possibly reach the threshold of 1,300-1,400 points in 3Q22.