Tiếng Việt
普通话
22
August
Daily derivatives: Bullish momentum is temporary paused
VN30F2208 is expired and the upcoming contract (VN30F2209) has shown no valid trading signal. In this case, traders should stay on the sidelines and wait for accurate trading point.
Research Center
22
August
Market commentary: Selling pressure at 100-period moving average
Despite second contraction, the uptrend is still intact in the short term. Therefore, traders may hold long positions focusing on the leading sectors.
22
August
Chart of the day: Consolidation phase
The VNIndex shows a consolidation phase in the next week, however, the short-term uptrend is still intact.
19
August
Steel – Brief – Nonrated – July Steel Production Update
This monthly report on Vietnam steel production is intended to track the developments in the steel market. During July 22, it’s no surprised that we observed the weak demand in both domestic and export markets. We expect the trend to continue in next months.
19
August
Daily derivatives: Selling pressure steps in
VN30F2208 is expired and the upcoming contract (VN30F2209) has shown no valid trading signal. In this case, traders should stay on the sidelines and wait for accurate trading point.
19
August
Market commentary: Strong fluctuations
Despite the contraction, the uptrend is dominant in the short term. Therefore, traders may hold long positions focusing on the leading sectors.
18
August
Daily derivatives: Expiration date
Long position on VN30F2208 near 1,220-1,225 pts area should be held and close the positions after ATC session. (Hourly chart)
18
August
Market commentary: Second Doji candle
The short-term uptrend is dominant thanks to Runaway Gap on the VNIndex. Therefore, traders may hold long positions focusing on the leading sectors.
17
August
Power- Note- Nonrated – Hydropower hits the jackpot in 3Q22F
In 2Q22, hydropower volume soared up 51% yoy thanks to high rainfall levels and rising global coal & fuel oil prices which made coal thermal and gas-fired power output plunged 26% yoy and 7% yoy. Despite that, some thermal makers namely HND, QTP, NT2 profit still have positive profit growth thanks to rising selling price. We expect the favorable weather condition in 3Q22 will be beneficial to hydropower generators in the North and central region.
17
August
Insurance – Sector Brief – Nonrated – June updates: Non-life is on the rise
On Aug 16th, The Insurance Association of Viet Nam (IAV) announced 1H22 market figures. Total insurance premium in 1H22 was VND118,252bn (+15.2% yoy). In which, life insurance premium increased by 15.7% to VND84,467bn; non-life insurance premium also surged by 14.1% to VND33,785bn. Non-life insurance growth slightly increased to 14.1% in 1H22, still on the rise with double-digit figures. Whilst, life insurance market recorded a 15.7% growth in insurance premium which is lower than the growth over 20% of last year.
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.