01
March
Last week, foreign supply surged. Breaking down by sectors, selling activities mainly absorbed by Consumer Staples, Real Estate, and Financials whilst Health Care attracted the most foreign demand across the market. Regarding to ETF flow, Vietnam recorded the first week of outflow since Nov 2020 due to the strong divestment on VFMVN30 ETF.
22
February
Last week, buying activities kept overwhelming. Breaking down by sectors, selling activities mainly absorbed by Consumer Staples and Energy whilst Real Estate, Materials, and Financials attracted the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond which attracted the total of USD8mn last week.
08
February
Last week, buying activities kept overwhelming. Breaking down by sectors, selling activities mainly absorbed by Financials, Energy, and Utilities whilst Real Estate, Consumer Staples, and Materials attracted the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond which attracted the total of USD32mn last week.
01
February
Last week, buying activities ticked up. Breaking down by sectors, selling activities mainly absorbed by Materials, Industrials, and Consumer Staples whilst Real Estate and Financials attracted the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond and SSIAM VNFIN LEAD ETF which attracted the total of USD24mn last week.
25
January
Last week, selling activities turned back to the normal level but continued to overwhelm. Breaking down by sectors, selling activities mainly absorbed by Materials and Financials whilst Real Estate continued to attract the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond ETF and X FTSE Vietnam which attracted the total of USD6.3mn last week.
18
January
Last week, selling activities increased massively due to the large sell orders on MSN via put-through method. Breaking down by sectors, selling activities mainly absorbed by Consumer Staples, Materials, and Financials whilst Real Estate continued to attract the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond ETF and VanEck Vietnam ETF which attracted the total of USD20mn last week.
11
January
Last week, selling activities slowed down. Breaking down by sectors, selling activities mainly absorbed by Materials, Financials, and Industrials whilst Real Estate and Utilities continued to attract the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond ETF and VanEck Vietnam ETF which attracted the total of USD13mn last week.
04
January
Last week, selling activities ticked up. Breaking down by sectors, selling activities mainly absorbed by Consumer Staples, Materials, and Financials whilst Real Estate and Utilities attracted the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond ETF and X FTSE Vietnam which attracted the total of USD7.4mn last week.
28
December
Last week, selling activities slowed down. Breaking down by sectors, selling activities mainly absorbed by Consumer Staples, Materials, and Industrials whilst Financials attracted the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the high level of positive flow of money thanks to VFMVN Diamond ETF and X FTSE Vietnam which attracted the total of USD15mn last week.
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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