08
August
The prelim export turnover of Vietnam’s textile and garment remained optimistic with 16.9% yoy and 2.7% mom, to USD3.68bn in July. The US persisted as the largest textile and garment importer with a USD1.8bn, +13.1% yoy/-0.1% mom, accounting for 48.8% of Vietnam's total textile and garment export value. Overall, in 7M22, Vietnam’s textile and garment export turnover soared 20.6% yoy to USD22.3bn.
08
August
Market ended up to be net bought. Demand was mainly absorbed by Financials and Real Estate whilst supply mainly spread to Consumer Staples and Industrials. With ETF flow, inflow remained across Vietnam, mainly driven by the solid demand on X FTSE Vietnam.
08
August
The uptrend is still confirmed in the short term because the VNIndex closes above the 1,250-pts threshold. Therefore, traders may hold long positions focusing on the leading sectors.
08
August
The short-term uptrend is dominant thanks to high liquidity and breakout.
07
August
Long position on VN30F2208 near 1,220-1,225 pts area should be held and stop the loss when there is the closing price below 1,215 pts level. (Hourly chart)
05
August
Thanks to the 3 new wind power projects which officially operated at the end of 2021, GEG’s output volume was considerably up 47% yoy to 217mn kWh which made the total revenue to have an impressive growth of 58% yoy, to VND506bn. However, 2Q22’s NPAT-post MI plunged 53% yoy to VND30bn due to the surging depreciation and interest expenses. GEG is awaiting the regulation regarding “transitional” renewable energy projects and it is expected to be a beneficiary of PDP VIII.
05
August
Long position on VN30F2208 near 1,220-1,225 pts area should be held and stop the loss when there is the closing price below 1,215 pts level. (Hourly chart)
05
August
The VNIndex closes above the 1,250-pts threshold. That means the uptrend is still confirmed in the short term. Therefore, traders may hold long positions focusing on the leading sectors.
04
August
VNM recorded domestic market revenue of VND12,471bn (-5.9% yoy) contributed by the parent’s domestic revenue of VND10,994bn (-7.2% yoy) and VND839bn (+6.2% yoy) revenue of MCM in 2Q22. The decrease in domestic revenue was caused by weak demand amid high inflation and distribution restructuring in 2Q22. However, VNM has recorded positive signals after restructuring, with revenue growth of 3% and 10% yoy in June and July, respectively.
04
August
Occurrences of the stock market in 2Q22 were unexpectedly unforable for securities companies and SSI is no exception. Revenue was VND1,629bn (-18.9% qoq, -7.8% yoy) and net profit was VND421bn (-40.4% qoq, -28.7% yoy). All the professions of SSI had negative growths, except IB revenue with solid income. As of Aug 3rd, SSI is trading at price of VND23.550 dong, PE 7.75x which is below 2-year average of company at 16x and also below sector's avrage at 13.2x.
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.
Tiếng Việt
普通话
