14
September
The 900-pts threshold is a significant resistance in the short term. The VNIndex needs to break out this resistance to confirm the uptrend. Therefore, investors should be careful and wait for the next signal to define the trend.
14
September
Last week, buying activities overwhelmed, mainly driven by large buy orders on VHM (USD212mn). Breaking down by sectors, Real Estate, Energy, and IT were accumulated the most whilst Materials, Consumer Staples, and Financials experienced the highest level of selling pressure. Regarding to ETF flow, Vietnam experienced the first week of outflow (USD2mn) since May 2020 due to the negative flow of money across X FTSE Vietnam ETF and SSIAM VNFIN Lead.
11
September
Market sentiment has become cautious as the VNIndex moves in the tight range. Also, the 900-pts threshold is a significant resistance. Thus, investors should be careful and wait for the next signal to define the trend.
11
September
As mentioned above, the medium-term trend is confirmed, but there is the tendency for the Index to enter the short-term tightening phase. Thus, investors should increase the proportion of leading stocks when the index revisits the aforementioned buying zone.
10
September
In the short term, market sentiment has become cautious. Besides, the 900-pts threshold is significant resistance. Thus, investors should be careful and wait for the next signal to define the trend.
09
September
Based on the contraction, the downside risk is still intact in the short term. Notably, the 900-pts threshold is significant resistance. Thus, investors should be careful and wait for the next signal to define the trend.
08
September
The market sentiment has become positive, but the downside risk is still intact in the next session. Notably, the 900-pts threshold is significant resistance. Thus, investors should be careful and wait for the next signal to define the trend.
07
September
The downside risk increases in the short term due to the sharp contraction. The downtrend may be formed if the VNIndex closes below the 20-period moving average. Thus, investors should be careful and wait for the next signal to define the trend.
07
September
Last week, selling activities maintained but with lower pressure. Breaking down by sectors, Real Estate, Industrials and Materials were sold the most whilst Energy, Financials, 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 which attracted the total of USD1.3mn last week despite the outflow of Premia MSCI Vietnam (USD0.9mn).
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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