16
June
VN30F2207 is traded with the lower price than VN30F2206, implying the pessimistic market sentiment. In this case, traders should stay on the sidelines and wait for the reaction of this instrument near 1,200 pts area.
16
June
The downside risk is intact in the short term as the VNIndex closes below the 10- and 20-period moving average. Therefore, traders should reduce long position and wait for next signal.
16
June
Total insurance premium accumulated in 4M22 was pegged VND74,036bn (+14.1% yoy). Growth rate up to 4M22 for life insurance premium was 14.5% which continues to be less positive when compared to growth rate above 20% in 2020 and 2021. The losing growing momentum is claimed to delayed effect of COVID19. Having to be mentioned that the current pace is just weaker than one in previous period and we do not see any bad sign in long-term sector’s outlook. Contrast to Life insurance, Non-life maintained an impressive growth rate. Particularly, 4M22 premium growth rate was 13%, much higher than 2020 and 2021 performance which is 6.2% and 3.98%, respectively. The main motivation comes from high-proportion products namely Health insurance as well as Motor vehicle insurance.
15
June
Short-term funding costs return cheaper following SBV’s tightening of credit quality. Accordingly, the selling pressure of government bonds on the secondary market has eased. However, we predict that the cheap short-term cost situation was temporary under potential growth in the first lending market.
15
June
Despite the recovery, the downside risk is intact in the short term as the VNIndex closes below the 10- and 20-period moving average and the market sentiment has become pessimistic. Therefore, traders should reduce long position and wait for next signal.
14
June
In the 2Q22 review, FTSE Vietnam Index will exclude APH and not add any ticker. Meanwhile, VanEck Vectors Vietnam ETF will add two Vietnam tickers, namely SHB and VCG, besides, it excludes ORS. Based on data as of 13 June 2022, we expect that foreign ETFs will sell VRE and STB the most with 5.7 million shares and 3.7 million shares. On the buy-side, SHB and VND will be bought heavily with 6.0 million shares and 5.2 million shares.
14
June
Last week, trading activity across the covered warrant market remained at normal level. With foreign trading activity, the market kept ending up to be net sold. Notably, covered warrants which have FPT as the underlying asset has attracted most of trading activity for 9 consecutive weeks. Besides, covered warrants of POW also absorbed the trading interest across the market.
14
June
In this case, traders should stay on the sidelines and wait for the reaction of this instrument near 1,200 pts area.
14
June
The VNIndex closes below the 10- and 20-period moving average and the market sentiment has become pessimistic. Therefore, the downside risk increases in the short term. Traders should reduce long positions and wait for the next signal.
13
June
Market ended up to be net bought. Demand was mainly attracted by Financials, Materials, and Consumer Staples whilst selling activity was absorbed the most by Real Estate, Industrials, and Energy. With ETF flow, money inflow across Vietnam has started to slow down. Net inflow was USD25mn. The positive flow of money was mainly driven by the stable demand on VFMVN Diamond and Fubon FTSE Vietnam.
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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