24
April
Foreign trading activity slowed down but demand continued to be faded by supply, pushing the market to ended up to be net sold. Net sell value was USD13mn. With ETF flow, the flow of money was not significant across Vietnam when the total outflow on major ETFs was fully covered by the total inflow. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
17
April
Foreign demand slowed down whilst selling pressure stayed at high level, pushing the market to ended up to be net sold. Net sell value was USD15mn. With ETF flow, outflow was active across Vietnam, ending the 4 consecutive weeks of inflow. Outflow was USD5mn. Notably, outflow has spread among major ETFs and demand on Fubon ETF was paused. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
10
April
Foreign demand slowed down whilst selling pressure stayed at high level, pushing the market to ended up to be net sold. Net sell value was USD33mn. With ETF flow, outflow was active across Vietnam, ending the 4 consecutive weeks of inflow. Outflow was USD2mn. Notably, outflow has spread among major ETFs and demand on Fubon ETF was paused. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
03
April
Foreign demand slowed down whilst selling pressure stayed at high level, pushing the market to ended up to be net sold. Net sell value was USD6mn. With ETF flow, the inflow has been active across Vietnam for 4 consecutive weeks as well as demand stayed at high level. Inflow was USD14mn. Although there was the active inflow, demand focused only on Fubon ETF whilst other major ETFs such as VFMVN30 ETF, VFMVN Diamond, VNFin Lead, and KIM Growth VN30 ETF, FTSE Vietnam experienced the outflow or the insignificant flow of money.
28
March
Foreign demand continued to outweigh supply. Net buy value was USD17mn. With ETF flow, the inflow has come back across Vietnam as well as demand kept increasing. Inflow was USD27mn, tripled the previous week. Although there was the active inflow, demand focused only on Fubon ETF whilst other major ETFs such as VFMVN30 ETF, VFMVN Diamond, VNFin Lead, and KIM Growth VN30 ETF, FTSE Vietnam experienced the outflow or the insignificant flow of money.
20
March
FForeign demand came back despite supply remained at 3-week average (USD230mn) and pushing the market to end up to be net bought. Net buy value was USD98mn, a 2-month high. With ETF flow, the inflow has come back to Vietnam, but demand is still weak. Although there was the active inflow, demand focused only on Fubon ETF whilst other major ETFs such as VFMVN30 ETF, VFMVN Diamond, VNFin Lead, and KIM Growth VN30 ETF experienced the outflow.
13
March
Foreign demand came back, supply remained at 3-week average (USD230mn) and pushing the market to end up to be net bought. Net buy value was USD42mn. With ETF flow, the inflow come back across Vietnam, but demand is still weak. Inflow was USD5mn. Inflow was still active across foreign ETFs such as FTSE Vietnam and VanEck Vietnam as well as there was no remarkable outflow across Fubon ETF.
07
March
Foreign supply remained at high level, faded by the demand and pushing the market to end up to be net sold. Net sell value was USD50mn. With ETF flow, the inflow across Vietnam has been ended, marking by the solid outflow last week (USD12mn), a 5-month low. Notably, major ETFs which attracted the inflow during the last 6 months has started to be divested, such as VFMVN Diamond, VNFin Lead, VFMVN30 ETF, and KIM Growth VN30 ETF.
27
February
Foreign demand decreased significantly, faded by the solid selling pressure and pushing the market to end up to be net sold. Net sell value was USD55mn. With ETF flow, inflow across Vietnam kept decreasing, recording at USD1mn, a 5-month low. Notably, the inflow diminished strongly across major ETFs such as Fubon ETF, FTSE Vietnam, VanEck Vietnam, VFMVN Diamond, and 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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