08
March
In Nov 2021, electricity production was 20.71bn kWh (+3.9% yoy, +2.1% mom). Hydropower output was slightly down 2.9% mom to 8.55bn kWh but increased 11% yoy thanks to La Nina effects. The output of gas thermal and coal-fired power was down yoy due to the rising price of input material.
08
March
Trading volume of covered warrant market recorded at normal level last week. Besides, foreign trading activity is on balance stage where supply and demand are recorded at nearly the same level.
08
March
In the short term, the downside risk is intact because the selling pressure appears at the 1,510-pts threshold. Therefore, traders should be careful and stay on the sidelines until the VNIndex closes above the 1,510-pts zone.
08
March
Traders should stay on the sidelines due to the increase of volatility level and lack of valid trading signals.
07
March
Foreign selling overwhelmed. Selling activity focused on Materials and Real Estate whilst foreign demand was mainly absorbed by Financials and Consumer Staples. With ETF flow, inflow has come back to Vietnam, mainly driven by the solid demand on VFMVN Diamond.
07
March
Despite the bullish market, the downside risk is intact as the selling pressure can appear at the 1,510-pts threshold. Therefore, traders should be careful and stay on the sidelines until the VNIndex closes above the 1,510-pts zone.
07
March
Bearish momentum is still active near 1,520 pts zone. Thus, traders should stay on the sidelines and wait for the valid trading signal on VN30F2203.
06
March
The medium-term trend is still supported as well as there is the tendency for the valid breakout to occur. In this case, investors should continue to hold the current positions on leading stocks and position size should be closed by half when the 1,470 pts zone is pierced.
04
March
Based on our collection, the 4Q21 aggregate earnings momentum of 26 listed Oil & gas companies on three bourses recovered from the bottom of 3Q21 due to gloomy demand in the lockdown period. Net profit growth decelerated to 33% yoy in 4Q21 from the peak of 1Q21. Overall, 2021 outcome was eventually splendid with a 172% yoy net profit and 30% yoy revenue growth.
04
March
VN30F2203 has entered the rebound phase, but bearish momentum is still active near 1,520 pts zone. Thus, traders should stay on the sidelines and wait for the valid 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.
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