19
December
Although volatility level is increasine, we are still in the medium-term uptrend. In this case, investors should continue to hold the current positions on leading stocks. On the contrary, positions should be closed by half if the 1,400 pts area is pierced.
17
December
Traders should stay on the sidelines and wait for clearer trading signals which will occur after the consolidation phase.
17
December
In the short term, the market sentiment has become cautious as the volatility increases. Besides, the 1,500-pts zone is the strong resistance for the VNIndex. Therefore, traders should wait for a breakout for 1,500-pts before opening their long positions.
16
December
This monthly report on Vietnam steel production is intended to track the developments in the steel market. Nov 2021 Vietnam steel production increased 1.1% mom to 2.68mn tonnes, bringing 11M21 growth to 21.4% yoy (28.3mn tonnes). During Nov 21, we observe that the local demand revival pulled back (-18.4.% mom, -25.9% yoy). Export-driven volume was at a stable level during 2H21 - 685,167 tonnes.
16
December
The November performance witnessed the pause in domestic demand revival amid high expectations during peak construction season. The domestic volume of steel coat recorded 13,516 tonnes (-35.6% mom, -37.8% yoy) while domestic steel pipe volume posted 10,022 tonnes (-28.1% you, -52.9% mom) amid the easing lockdown policy.
16
December
Long positions on VN30F2112 should be held and stop the loss when there is the closing price below 1,500 pts level (Hourly chart).
16
December
The market sentiment has become cautious as the volatility increases. Besides, the 1,500-pts zone is the strong resistance for the VNIndex. Therefore, traders should wait for a breakout for 1,500-pts before opening their long positions.
15
December
Long VN30F2112 should be held and stop the loss when there is the closing price below 1,500 pts level (Hourly chart).
15
December
In the short term, the market sentiment has become cautious. Besides, the 1,500-pts zone is the strong resistance for the VNIndex. Therefore, traders should wait for a breakout for 1,500-pts before opening their long positions.
14
December
The VNIndex closes above the 10-period moving average, showing the uptrend in the short term. However, the 1,500-pts zone is the strong resistance. Therefore, traders should wait for a breakout for 1,500-pts before opening their long positions.
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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