05
July
Last week, foreign demand ticked up. Breaking down by sectors, selling activity mainly focused on Financials and Materials whilst Real Estate, Consumer Staples and Utilities attracted the most foreign demand. With ETF flow across Vietnam, net inflow was USD21mn, thanks to the strong demand on VFMVN Diamond and VFMVN30 ETF.
29
June
Last week, foreign selling pressure came back. Breaking down by sectors, selling activity mainly focused on Financials, Materials and Industrials whilst Real Estate and Utilities attracted the most foreign demand. With ETF flow across Vietnam, net inflow was USD7mn, highest figure since May 21, thanks to the strong demand on VFMVN Diamond (USD6.4mn).
21
June
Last week, foreign selling pressure was faded and the market ended up to be net bought. Breaking down by sectors, selling activity mainly focused on Financials, Materials and Industrials whilst Energy and Real Estate attracted the most foreign demand. With ETF flow, Vietnam was divested due to the divestment across VFMVN Diamond and Fubon FTSE Vietnam.
14
June
Money inflow ticked up across Vietnam after experiencing five consecutive weeks of outflow. Net inflow was USD4mn. Particularly, the money inflow was mainly contributed by high demand on VFMVN Diamond (USD5.3mn) and SSIAM VNFIN Lead ETF (USD2.3mn). However, Fubon FTSE Vietnam was divested last week.
08
June
Last week, foreign selling pressure peaked. Breaking down by sectors, selling activity mainly focused on Materials, Financials, and Real Estate whilst Energy attracted the most foreign demand. With ETF flow, Vietnam continued to be divested due to the divestment across VFMVN Diamond.
31
May
Last week, foreign selling pressure has started to drop. Breaking down by sectors, selling activity mainly focused on Materials, Financials, and Real Estate whilst Energy and Consumer Staples attracted the most foreign demand. With ETF flow, Vietnam continued to be divested. Particularly, the money outflow was mainly contributed by the divestment across VFMVN Diamond and SSIAM VNFIN Lead ETF.
25
May
Last week, foreign selling activity kept increasing. Breaking down by sectors, selling activities continued to be mainly absorbed nancials, Real Estate, and Consumer Staples. With ETF flow, Vietnam continued to be divested. Particularly, the money outflow was mainly contributed by the divestment across X FTSE Vietnam and VFMVN30 ETF. Besides, demand on VFMVN Diamond was paused last week.
17
May
Last week, foreign selling activity kept increasing. Breaking down by sectors, selling activities continued to be mainly absorbed Real Estate, Financials, and Materials. With ETF flow, Vietnam continued to be divested,. Particularly, the money outflow was mainly contributed by the divestment across X FTSE Vietnam and VFMVN30 ETF. However, the outflow was partially recovered by the money inflow across VFMVN Diamond (USD11mn).
10
May
Last week, foreign selling activity surged. Breaking down by sectors, selling activities mainly absorbed by Financials, Materials, and Consumer Staples. Money outflow across Vietnam ticked up, net outflow was USD13mn (a yearly high) due to slow down of money inflow across Fubon FTSE Vietnam ETF and VFMVN Diamond ETF as well as the divestment across X FTSE Vietnam and VFMVN30 ETF.
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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