14
December
Despite the recovery, the downside risk is still intact in the short term due to selling pressure at a high level. Therefore, traders should be careful and sell long positions if the VNIndex closes below the 1,000-pts threshold.
13
December
Downside risk increases in the short term because of the high selling pressure. Therefore, traders should be careful and sell long positions if the VNIndex closes below the 1,000-pts threshold.
12
December
The FTSE Vietnam Index will not remove and add any ticker in the 4Q22. Besides, the MVIS Vietnam Index will remove BCG, DXG, ITA, and THD in this quarterly review. Based on data as of 12 Dec 2022, we expect that foreign ETFs will sell VRE and STB the most with 12 million shares and 11 million shares. On the buy-side, VND, NVL, and SSI will be bought heavily with 12 million shares, 10 million shares, and 5 million shares. The new weights will be effective on 19 Dec 2022.
12
December
Market ended up to be net bought. Real Estate, Financials, and Materials whilst Utilities was divested the most. With ETF flow, net inflow was USD56mn. The positive flow of money was mainly driven by the strong demand on VFMVN Diamond, VanEck, and Fubon.
12
December
In the short term, the VNIndex still closes above the 1,000-pts threshold, showing a bullish market. However, the downside risk is still intact around 1,100 pts. Therefore, traders should wait for the next signals before investment decisions.
11
December
There is the strong demand and the market has formed the short-term bottom as well as rebound phase has high probability to be strengthened. Therefore, investors could open the position on leading stocks when there is the minor pullback (retest 1,050 pts zone).
09
December
In the short term, the Vietnam stock market may maintain its uptrend, however, selling pressure may appear as soon as due to Fed policy and liquidity of the corporate bond market. We expect the stock market will fall and form a new long-term bottom in mid-2023. And the market entry the new bullish market.
09
December
The VNIndex still closes above the 1,000-pts threshold, implying a bullish market in the short term. However, the downside risk is still intact around 1,100 pts. Therefore, traders should wait for the next signals before investment decisions.
08
December
Based on the second contraction, the market trend becomes negative. If the VNIndex closes below the 1,000-pts threshold, the bearish market will return. Therefore, traders should wait for the next signals before investment decisions.
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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