Tiếng Việt
普通话
16
March
VN-INDEX – Bottom fishing
In the short term, the downtrend is still active and downside risks are remained. Therefore, investors should reduce proportion of leading stocks, stay on the sidelines and wait for reliable signals.
Research Center
16
March
Market commentary: Bottom fishing?
Vietnam stock markets resumed its bearish trend after the U.S. financial market crash as Dow Jones slumped around 10%. In the short term, market sentiment has become cautious as high selling pressure on the stocks. Traders should stay on the sidelines and wait for the next bullish signal.
04
March
Market commetary: Buying the dip
Technically speaking, the VN-Index retests the significant resistance at 900 pts. Therefore, selling pressure can be increased that pushed the downside risk still is high. Traders should stay on the sidelines and wait for the next bullish signal.
03
March
Fundflow 24-28 Feb: Outflow across Vietnam reached a 6-month high
Last week, South East Asia experienced the dramatic outflow, recorded the net outflow at USD77mn, a 4-week high. To be specific, divestment away from Indonesia and Malaysia were main contributors. Besides, Thailand and Philippines also negatively impacted by the outflow of money whilst Singapore continued to attract money inflow for four consecutive weeks.
03
March
Market commentary: Recovery
Technically speaking, the VN-Index retests the significant support at 880 pts, hence the downside risk still is high. Traders should stay on the sidelines and wait for the next bullish signal.
02
March
VN-INDEX – Bottom out
In this scenario, downtrend is still active and downside risks are remained. Thus, investors should reduce proportion of leading stocks, stay on the sidelines and wait for reliable signals.
02
March
Market commentary: New lower low
Vietnam stock market resumed its downtrend because investors have been worried about the outbreak of the COVID-2019 on the globe. The coronavirus has been spreading at a high rate in South Korea, Japan, Italy, and Iran. Notably, the virus had infected more than 2,300 people as of 28 Feb in South Korea.
27
February
March strategy: Covid-19 hits the most important partner of Vietnam
It took two weeks since the outbreak for the number of new confirmed cases to peak in China in late January and early February. Therefore, the outbreak in South Korea may progress in the same way. However, we expect that Chinese lesson will help South Korea contain the spreading faster, maybe in early March.
26
February
Market commentary: CTG limits up again
Despite the strong recovery, the market sentiment remained cautious as the negative impact of the COVID-2019 on the global economy after the outbreak of the coronavirus in Korea and Italy. Therefore, traders should stay on the sidelines and wait for the next bullish signal.
Featured Articles
15
March
Point Break
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
Outlook 2022 – The Big Uptrend
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
Time to bet on economic recovery?
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
Fragile hope of recovery path under the worst outbreak
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
INFLATION: A transient or long-lasting shock?
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.