04
May
Last week, foreign buying activity ticked up. Breaking down by sectors, selling activities mainly absorbed by Financials and Consumer Staples whilst Real Estate, Materials, and Industrials attracted the most demand across the market. Money inflow across Vietnam skyrocked, net inflow was USD110mn, reaching the all-time high thanks to the massive flow of money which continued to fly to Fubon FTSE Vietnam ETF (USD90mn).
27
April
Last week, foreign selling activity continued to overwhelm. Breaking down by sectors, selling activities mainly absorbed by Materials, Real Estate, and Financials. Money inflow across Vietnam skyrocked, net inflow was USD58mn, reaching the all-time high thanks to the massive flow of money which flew to Fubon FTSE Vietnam ETF (USD60mn).
19
April
Last week, massive selling pressure came back to the market. Breaking down by sectors, selling activities mainly absorbed by Real Estate, Financials, and Consumer Staples. Money inflow across Vietnam slightly increased (up 25% WoW) due to the strong demand which is attracted by SSIAM VNFIN Lead ETF as well as VFMVN Diamond kept attracting the stable level of money inflow.
12
April
Last week, massive foreign demand entered the market. Breaking down by sectors, selling activities mainly absorbed by Financials, Energy, and Utilities whilst Real Estate and Materials attracted the most foreign demand across the market. Money inflow across Vietnam slightly dropped (down 30% WoW) due to the drop in inflow across VFMVN30 ETF (down 87% WoW) and X FTSE Vietnam (down 50% WoW) whilst VFMVN Diamond kept attracting the high level of money inflow.
05
April
Last week, massive foreign demand entered the market. Breaking down by sectors, selling activities mainly absorbed by Financials and Consumer Staples whilst Real Estate, Industrials and Utilities attracted the most foreign demand across the market. Money inflow across Vietnam reached the 2-month high (USD17m) thanks to the positive flow of money across VFMVN30 ETF, VFMVN Diamond, and X FTSE Vietnam.
29
March
Last week, foreign supply continued to overwhelm, but selling pressure slowed down. Breaking down by sectors, selling activities mainly absorbed by Financials, Consumer Staples, and Materials whilst Real Estate and Industrials attracted the most foreign demand across the market. Vietnam has lost its role as a leader of SEA due to the negative flow of money. Of which, VFMVN30 ETF kept leading the outflow which recorded the strong divestment (USD11mn). However, the money outflow has been partially recovered by the positive flow of money across VFMVN Diamond (USD4mn).
22
March
Last week, foreign supply continued to overwhelm, but selling pressure slowed down. Breaking down by sectors, selling activities mainly absorbed by Financials, Consumer Staples, and Real Estate whilst Energy kept attracting the most foreign demand across the market. Vietnam recorded the first week of inflow. Of which, VFMVN30 ETF kept leading the outflow which recorded the strong divestment (USD6.7mn). However, the money outflow has been fully recovered by the positive flow of money across VFMVN Diamond (USD16mn).
15
March
Last week, foreign supply continued to overwhelm. Breaking down by sectors, selling activities mainly absorbed by Financials, Consumer Staples, and Utilities whilst Energy kept attracting the most foreign demand across the market. Vietnam was also negatively impacted by the outflow across SEA. Of which, VFMVN30 ETF kept leading the outflow which recorded the strong divestment (USD15mn). However, the money outflow has been partially recovered by the positive flow of money across VFMVN Diamond (USD11mn).
08
March
Last week, foreign supply surged. Breaking down by sectors, selling activities mainly absorbed by Financials, Consumer Staples, and Real Estate whilst Energy attracted the most foreign demand across the market. Vietnam recorded no inflow/outflow activities last week. Of which, VFMVN30 ETF kept leading the outflow which recorded the strong divestment (USD4.5mn). However, the money outflow has been recovered by the positive flow of money across VFMVN Diamond and SSIAM VNFIN Lead.
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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