09
February
The VNIndex has retested the 1,500-pts threshold, implying the downside risk is intact in the short term. The bullish market does not confirm. Therefore, traders should be careful and stay on the sidelines until the next bullish signals.
09
February
Long VN30F2202 should be held and stop the loss when there is the closing price below 1,500 pts level (Hourly chart).
08
February
In January 2022, long-holiday effects caused economic recovery to temporarily slow down from the impressive recovery since 4Q21. Export activity decelerated from a record high last month, especially in highly FDI-concentrated areas. The seasonality also impacted labor-intensive industries in the industrial sector, limiting its high-growth momentum in the previous period. However, those seasonal effects are only short-lived, and the economy is expected to return to a high-growth track in the upcoming months.
08
February
Despite the sharp recovery after the Tet holiday, the downside risk is still intact in the short term as the VNIndex reaches the 1,500-pts threshold. Therefore, traders should be careful and stay on the sidelines until the next bullish signals.
08
February
Long VN30F2202 should be held and stop the loss when there is the closing price below 1,500 pts level (Hourly chart).
07
February
Foreign selling was faded by demand. Buying activity focused on C Financials and Real Estate whilst solid selling pressure was absorbed by Consumer Staples and Materials. With ETF flow, inflow across Vietnam has come back to normal level.
07
February
Despite the recovery before the Tet holiday, the downside risk is still intact in the short term. Therefore, traders should be careful and stay on the sidelines until the next bullish signals.
06
February
Long VN30F2202 should be held and stop the loss when there is the closing price below 1460 pts level (Hourly chart).
06
February
Although the bullish momentum is not improved, the medium-term trend is still supported. In this case, investors should continue to hold the current positions on leading stocks and position size should be closed by half when the 1,420 pts zone is pierced.
28
January
Vinhomes sustained its 4Q21 splendid results of a VND11.9tn NPATMI, +3.7% yoy, 6.9% qoq, topping those listed in the Vietnamese equity market. Marking the three consecutive earnings quarters of over VND10-11tn, 4Q21 earnings came it with a surprise. The company aims to target a rebounding presale guidance in 2022F. However, the earnings estimates could be retreated.
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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