06
September
Foreign selling activity kept overwhelming. Selling pressure focused on Real Estate and Consumer Staples whilst Financials attracted the most foreign demand across the market. With ETF flow, money inflow has come back to Vietnam. Importantly, the surge of inflow was mainly contributed by the slowdown of outflow among Fubon FTSE Vietnam ETF and VFMVN Diamond ETF.
31
August
Foreign selling pressure kept spreading to major sectors, such as Real Estate and Industrials. On the contrary, Financials turned around to be net bought. The outflow kept spreading to other major ETFs. Particularly, the money outflow continued to be driven by the divestment across Fubon FTSE Vietnam ETF and VFMVN Diamond ETF.
24
August
Foreign selling activity increased strongly last week. Selling pressure focused on major sectors, such as Real Estate and Financials whilst IT attracted the most foreign demand across the market. With ETF flow across Vietnam, outflow kept increasing, recording at USD44mn, mainly driven by the divestment on Fubon FTSE Vietnam ETF and VFMVN Diamond ETF.
16
August
Foreign selling activity increased strongly last week. Selling pressure focused on major sectors, such as Financials and Materials whilst Energy and Consumer Discretionary attracted the most foreign demand across the market. With ETF flow across Vietnam, outflow increased massively, recording at USD32mn, reaching the highest firgure since 2015, mainly driven by the divestment on Fubon FTSE Vietnam ETF.
09
August
Last week, foreign demand kept outperforming. Breaking down by sectors, buying activity mainly focused on Financials and Real Estate whilst Industrials and Consumer Staples was divested the most. With ETF flow across Vietnam, net outflow was USD8mn, mainly driven by the divestment on VFMVN Diamond and Fubon FTSE Vietnam ETF.
03
August
Last week, foreign demand ticked up. Breaking down by sectors, buying activity mainly focused on Financials and Consumer Staples whilst Materials and Utilities was divested the most. With ETF flow across Vietnam, net inflow was USD11mn, thanks to the strong demand on on VFMVN30 ETF, VFMVN Diamond, and Fubon FTSE Vietnam ETF.
27
July
Foreign demand kept spreading to major sectors, such as Consumer Staples, Financials, and Industrials whilst Real Estate and Materials absorbed the most foreign selling pressure. Net inflow across Vietnam was USD45mn. The money inflow was continued to drive by the strong demand on Fubon FTSE Vietnam ETF (USD45mn) whilst money inflow has started to slow down across other major ETFs.
20
July
Foreign demand kept spreading to major sectors, such as Materials, Financials, and Real Estate. Last week, money inflow across Vietnam skyrocked. Net inflow was USD93mn, a 3-month high. Particularly, the money inflow was continued to drive by the strong demand on Fubon FTSE Vietnam ETF (USD86mn) whilst money inflow has started to slow down across other major ETFs
12
July
Last week, foreign demand kept increasing. Breaking down by sectors, buying activity mainly focused on Financials, Consumer Staples, and Materials whilst Consumer Discretionary was divested the most. With ETF flow across Vietnam, net inflow was USD44mn, thanks to the strong demand on Fubon FTSE Vietnam ETF (USD38mn) and VanEck Vietnam ETF (USD6mn).
15
March
Regarding the impact of the global commodity price surge on Vietnam CPI, we estimate that the current value of Brent price could push 2022 inflation to exceed the government target of 4%, mainly through the consumption channel. However, implementing well-established tools allows the Vietnam government to mitigate external shocks proactively. To sum up, we forecast that the global commodity surge would create temporary pressure on Vietnam inflation.
27
December
Key factors that drive the stock market to rise in 2022 include: (1) the Vietnam economy recovering and strong growth in 2022 and (2) new money will continue to flow into the stock market as new cash flows into stock markets and new money comes from capital flows of securities companies to margin.
09
November
A record plunge in Vietnam’s economy in 3Q21 has threatened economic prospects in the medium and long term growth. The government is standing in a right place to mitigate the lingering impact of the current outbreak and the next ones if they take appropriate actions in an appropriate timing and appropriate way. Recent macro and policy developments are signaling that the ongoing economic recovery would be smooth and sound, but it needs a booster shot, a sufficiently large fiscal relief package, to accelerate recovery momentum and help economic growth back on track. From our view, the “Economic Recovery and Development” fiscal support package, if successfully passed, would be a key to unlocking the full potential of the economic recovery.
26
July
Amid a widespread COVID-19 delta attack in the Southeast Asia region, Vietnam is stepping into the worst outbreak in both its health and economic impacts. Although the government actively deployed various solutions to follow the twin target that effectively controls the pandemic and promotes socio-economic development, the negative impact of economic recovery is inevitable. We predict that the COVID-19 economic impacts on domestic consumption and production levels would be partly reflected in oncoming macroeconomic updates under strict lockdowns nationwide.
18
June
Surging commodity prices and increasing inflation recently pose a considerable risk to global economic stability. However, the majority of global economists and monetary policymakers just saw this phenomenon as a transitory factor, and this trend would eventually reverse to a normal track in the medium- and long- term. Regarding Vietnam's situation, we saw a stable demand-supply balance in major commodities and well-controlled price conditions. The inflation shock in the near term, if it happens, would be expected to be transient and bear a little risk to the economic stability.
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