28
March
Fundflow 21-25 Mar: Inflow ticks up
Foreign demand surged. Demand focused on Real Estate, Industrials, and Consumer Staples. With ETF flow, inflow ticked up, driven by the strong demand on VFMVN Diamond and Fubon FTSE.
28
March
Foreign demand surged. Demand focused on Real Estate, Industrials, and Consumer Staples. With ETF flow, inflow ticked up, driven by the strong demand on VFMVN Diamond and Fubon FTSE.
28
March
On Mar 26, PDR held a 2022 AMG briefing for the upcoming business expansion plan. Key issues covered were the 2022F guidance, and funding demand. The company offered its guidance for 2022F with a VND10.7tn revenue, 127.7% yoy and a VND2.9tn net profit, 55.5% yoy. PDR has yet supplied further information on the new funding demand but is eyeing on issuing abroad and green bonds.
28
March
Despite the bullish market, the VNIndex is sideways and needs bullish signals to confirm the uptrend due to low liquidity.
28
March
In the short term, the downside risk is still intact as the selling pressure appears at the 1,510-pts threshold. Therefore, traders should still be careful and stay on the sidelines.
27
March
The 1,500 pts zone is still respected which means the previous bullish swing is not strong enough to fade the downtrend and the next market leg is still unclear. Traders should continue to stay on the sidelines and wait for accurate trading signal due to the increase of volatility level in upcoming sessions.
25
March
Based on the second bearish session, the downside risk is still intact. Besides, selling pressure appears at the 1,510-pts threshold. Therefore, traders should still be careful and stay on the sidelines.
25
March
The 1,500 pts zone is still respected which means the previous bullish swing is not strong enough to fade the downtrend. Traders should continue to stay on the sidelines and wait for accurate trading signal due to the increase of volatility level in upcoming sessions.
24
March
On 21th Mar 2022, The US Department of Commerce (DOC) announced the final results of 17th period of review (POR 17) on pangasius exported to US market. Accordingly, anti-dumping duty is at USD0/kg for 4 pangasius exporters. As more exporters (Van Duc Tien Giang and NFTS as additional exporters) to enjoy zero anti-dumping tax could impact positively to Vietnam pangasius industry.
24
March
The early months of 2022 witnessed a big shift in the overall interest rate conditions across the fixed-income markets, including the interbank rates and bond markets, from around record-low levels on the way back to pre-pandemic levels. Although the upward pressure is lasting longer than our expectation, the nature of some of the pressure is characterized as short-lived and is expected to be fading out in the coming months.
24
March
The rebound phase is strenthened, but the short-term target for this phase is reached (1,500 pts area). Traders should continue to stay on the sidelines and wait for accurate trading signal.
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.