08
October
Despite the contraction, the short-term uptrend of the VNIndex is still intact as the VNIndex closes above significant moving averages. Therefore, investors may hold their long position and focus on leading tickers.
07
October
The short-term uptrend of the VNIndex is still intact thanks to the high demand on large-cap stocks. Therefore, investors may be held their long position and focus on leading tickers.
06
October
In the short term, the uptrend of the VNIndex is still intact as the index closes above the 900-pts threshold. Therefore, investors may be held their long position and focus on leading tickers.
05
October
Despite the current consolidation/correction phase, the uptrend is still active as the Index closes above 900 pts level. Therefore, investors should hold the current positions and focus on leading stocks.
05
October
Last week, selling activities ticked up. Breaking down by sectors, selling pressure mainly focused on Consumer Staples, Real Estate, and Materials whilst Health Care was accumulated the most. Regarding to ETF flow, inflow across Vietnam maintained (USD4mn) thanks to SSIAM VNFIN Lead and VFMVN Diamond ETF which attracted the total of USD3.2mn.
02
October
Despite the contraction, the uptrend of the VNIndex is still intact as the index closes above the 900-pts threshold. Therefore, investors may be held their long position and focus on leading tickers.
02
October
As mentioned above, investors should wait for the confirmation signal. Until then, they should hold a long position and focus the leading stocks such as Energy and Banking.
01
October
Based on the optimistic market sentiment, the uptrend of the VNIndex is still intact. Therefore, investors may be held their long position and focus on leading tickers.
01
October
Although we expect the current rally of the market will continue in the rest of this year (because the VNIndex is trading at 15x its earnings, lower than 16x of 2019-end, while interest rate is lower), the pace will be slower and range trading may be more appropriate for the time being.
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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