26
October
Last week, selling activities kept overwhelming. Breaking down by sectors, selling pressure continued to focus on Consumer Staples, Industrials, and Real Estate whilst Materials was accumulated the most. Regarding to ETF flow, Vietnam recorded the second week of outflow. VFMVN30 ETF and VanEck Vietnam ETF were the main contributors which recorded USD5.5mn of outflow despite X FTSE Vietnam attracted USD1.4mn last week.
23
October
As mentioned above, upward resumption phase and there is the tendency for the Index to retest 990-1,000 pts area. Therefore, investors should continue to hold the current positions and buy more in correction phase.
23
October
After the second gaining session, the market sentiment has become an optimist. That confirms the short-term uptrend. Therefore, investors may hold their long position and focus on leading tickers.
22
October
The short-term uptrend is confirmed because of the optimistic market sentiment. Therefore, investors may hold their long position and focus on leading tickers.
21
October
Although corrections can form in a few sessions, the short-term uptrend is still intact as the VNIndex closes above the 900-pts threshold. Therefore, investors may hold their long position and focus on leading tickers.
20
October
Despite the third divergent session, the short-term uptrend is still intact as the VNIndex closes above the significant moving averages. Therefore, investors may hold their long position and focus on leading tickers.
19
October
Despite the second divergent session, the uptrend is still intact in the short term as the VNIndex closes above the significant moving averages. Therefore, investors may hold their long position and focus on leading tickers.
19
October
Last week, selling activities kept overwhelming. Breaking down by sectors, selling pressure continued to focus on Consumer Staples, Financials, and Industrials whilst Materials and Consumer Discretionary was accumulated the most. Regarding to ETF flow, Vietnam recorded the first week of outflow after experiencing 3 consecutive weeks of inflow. VFMVN30 ETF was the main contributor which recorded USD1.6mn of outflow despite VFMVN Diamond ETF attracted USD0.5mn last week.
16
October
Despite the divergent session, the short-term uptrend is still intact as the VNIndex closes above the significant moving averages. Therefore, investors may hold their long position and focus on leading tickers.
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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