20
February
Foreign selling pressure has overwhelmed supply and led the market to ended up to be net sold. Net selling value was USD15mn. With ETF flow, inflow across Vietnam has improved, recording at USD11mn, mainly focused on FTSE Vietnam ETF. Inflow across Vietnam has slowed down for 3 consecutive weeks, which showed the sign of weakness. Thus, there is the high probability for outflow to occur in upcoming weeks.
13
February
Foreign demand has slowed down but the market kept ending up to be net bought. With ETF flow, inflow across Vietnam kept decreasing, recording at USD9mn, a 4-month low. Inflow across Vietnam has slowed down for 2 consecutive weeks as well as inflow has not spread to major ETFs which is the sign of weakness. Thus, there is the high probability for outflow to occur in upcoming weeks
06
February
The market ended up to be net bought with net buy value recorded at USD78mn (-28.9% wow). Particularly, market demand concentrated the most on Materials due to large buy orders on HPG. With ETF flow, the flow of money across Vietnam plummeted compared to the previous trading week with net inflow was USD26mn (-63% wow), driven by the strong demand on Diamond, VFMVN30 ETF, and X FTSE Vietnam.
30
January
Market ended up to be net bought. In which, Financials was bought the most, following by Real Estate, Materials, and Consumer Staples. With ETF flow across Vietnam, net inflow was USD70mn. The inflow was mainly lifted by the strong demand on VanEck ETF, VFMVN30 ETF, and X FTSE Vietnam.
17
January
Market ended up to be net sold, in which Financials was sold the most whilst Real Estate, Materials, and Consumer Staples attracted most of buying activity. With ETF flow across Vietnam, net inflow was USD53mn. The inflow was mainly lifted by the strong demand on VanEck and Diamond ETF.
09
January
Market ended up to be net bought, in which Financials, Real Estate, and Cons Staples attracted most of buying activity. Besides, Materials also ended up to be net bought thanks to large buy orders on HPG. With ETF flow, net inflow was USD52mn (-7% wow). The inflow was mainly lifted by the strong demand on VanEck and Fubon.
03
January
Market ended up to be net bought. Financials, Consumer Staples, and Materials attracted most of buying activity. With ETF flow, net inflow was USD56mn. The positive flow of money was mainly driven by the strong demand on VanEck and Fubon.
26
December
Market ended up to be net bought with net buy value was USD61mn. Foreign demand was mainly absorbed by Utilities, Materials and Financials whilst largest sell orders concentrated mainly on EIB. With ETF flow, net inflow was USD22mn. The positive flow of money was mainly driven by the strong demand on VanEck and Fubon.
19
December
Market ended up to be net bought. by Financials, Real Estate, and Materials whilst Consumer Staples was divested the most. With ETF flow, net inflow was USD31mn. The positive flow of money was mainly driven by the strong demand on VanEck and Fubon.
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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