![HSG-Brief-[HOLD]-Sales volume continues to falter](https://kisvn.vn/en/wp-content/uploads/sites/2/2019/09/page-phantich-m.jpg)
18
July
Total June steel sales volume posted 116,406 tonnes, dropped by 8.7% yoy and 3.3% mom. The FY9M23 (Oct 2023-Feb 2023) total sale decreased 31.6% yoy to 1,008,369 tonnes as steel pipes volume declined 18.1% yoy to 210,545 tonnes and steel coat fell 34.4% yoy to 797,824 tonnes.
18
July
Total June steel sales volume posted 634,762 tonnes, increasing by 2.5% mom but -1.0% yoy. Construction steel volume increased to 286,036 tonnes, -17.8% yoy, +0.6% mom. In which, domestic sales volume increased by 10.6% mom while its export was down by 55.5% yoy.
18
July
The HoSE announced the new constituents of the VN30Index and the VNFIN LEAD Index last Monday. As per the announcement, the VN30Index will remove NVL and PDR while adding SHB and SSB in the 3Q23 review. Additionally, the VNFIN LEAD Index will remove BVH but will not exclude any tickers in this review.
18
July
This monthly report on Vietnam steel production is intended to track the developments in the steel market. During June 23, we observed the total consumption volume was slightly down 6.2% mom, 3.1% yoy to 2.0mn tonnes. The total sale volume was slumped due to weak global demand (11.5Mn tonnes, -17.5% yoy).
18
July
Long positions on VN30F2307 should be held and stop the loss when there is the closing price below 1,140 pts level (Hourly chart).
18
July
The stock market remains to increase with the 7th consecutive increase session. It is likely that short-term profit-taking activities will appear the next time, around the 1,180-1,200 pts zone. However, the uptrend is still positive when the VNIndex maintains to close above the 50-period moving average. Therefore, investors should hold long positions and wait for the next signals.
18
July
The trading interest has started to spread to all cover warrants which have different underlying assets as well as trading activity also surged across groups. This is the sign for the active market.
17
July
Although the flow of money across Vietnam is still weak, the inflow has come back across major ETFs which is the first sign of a positive flow of money in upcoming weeks.
17
July
Long positions on VN30F2307 should be held and stop the loss when there is the closing price below 1,140 pts level (Hourly chart).
17
July
The stock market has 6th consecutive increase session with high liquidity. Additionally, the market appears to demand at lower price levels, indicating positive signals. However, the downside risk may present around the 1,180-1,200 pts zone. Therefore, investors should hold long positions and wait for the next 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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