12
July
Based on the crash, the downtrend is confirmed in the short term. Besides, the market sentiment has become pessimistic as the volatility increases. Therefore, traders should be careful and reduce the position.
12
July
Last week, foreign demand kept increasing. Breaking down by sectors, buying activity mainly focused on Financials, Consumer Staples, and Materials whilst Consumer Discretionary was divested the most. With ETF flow across Vietnam, net inflow was USD44mn, thanks to the strong demand on Fubon FTSE Vietnam ETF (USD38mn) and VanEck Vietnam ETF (USD6mn).
12
July
The downward swing is strong but it is expected to be paused due to the active longer term uptrend. In this case, traders should continue to stay on the sidelines and wait for more signal to confirm the upcoming market leg.
12
July
Fast-increasing demand for government bonds took the spotlight in the fixed-income markets in June with medium-term and long-term yields again testing their record lows. However, July would bring a new story to the FI markets. A new wave of huge VND inflows back into the banking system, via USD-purchasing forwards and incoming support envelope, would likely change the current interest-rate environment to be lower. Short-term interest rates and bond yields are expected to see the very first changes.
11
July
Based on the second crash, the uptrend of the VNIndex is reversed. Besides, the market sentiment has become pessimistic as the volatility increases. Therefore, traders should be careful and reduce the position.
11
July
In the short term, investors should reduce short-term speculative positions to preserve profits. However, the long-term trend is intact. Therefore, the contraction is the opportunity to accumulate stocks at low prices.
09
July
Traders should stay on the sidelines and wait for more signal to confirm the upcoming market leg.
09
July
In the short term, the volatility increases due to cautious market sentiment. Besides, the market may appear some crash sessions. Therefore, traders should be careful and wait for the next signal. If the selling signal is confirmed, the traders should reduce the position.
08
July
Traders should stay on the sidelines and wait for the first pullback where the trigger point is provided.
07
July
Despite the sharp recovery, the downside risk is still intact in next sessions. The market may appear some crash sessions. Therefore, traders should be careful and wait for the next signal. If the selling signal is confirmed, the traders should reduce the position.
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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