27
April
Long VN30F2005 at 725 pts zone when this level is broken, take profit at 780 pts zone and stoploss at 715 pts. For short positions, sell this instrument when 660 pts when this level is broken, take profit at 630 pts zone and stoploss at 670 pts.
27
April
After three bullish sessions in a row, Vietnam stock market reversed to closed in red territory as long holidays are coming, Reunification Day and International Labour Day.
27
April
Last week, foreign selling activities increased slightly, recorded a net sell value of USD73mn, up 30% compared to the previous week. In this context, money inflow across Vietnam also increased, recorded the net inflow at USD2mn. Of which, VFMVN30 ETF was the main driver which attracted USD1.7mn last week.
27
April
VCB 1Q20 NP was down 11% yoy on the swell of credit provision and OPEX. Overdue ratio increased to 1.5% from 1.1% at end-2019. However, these were sheltered by excessive credit loss reserves of 235%. We give a HOLD on VCB.
26
April
In the short term, the uptrend is formed and dominant. Therefore, traders can hold their long positions and focus on leading stocks.
26
April
Vietnam stock markets continued to go up three sessions in a row as a part of the economic market has gone back after Vietnam government stopped social distancing to curb COVID-19.
24
April
Long VN30F2005 at 725 pts zone when this level is broken, take profit at 780 pts zone and stoploss at 715 pts. For short positions, sell this instrument when 660 pts when this level is broken, take profit at 630 pts zone and stoploss at 670 pts.
23
April
Sell VN30F2005 when 660 pts when this level is broken, take profit at 630 pts zone and stoploss at 670 pts.
23
April
Despite the second recovery, the market sentiment has become cautious as the downside risk is still high. In the short term, the significant resistance is at 800 pts threshold. Therefore, traders should stay on the sidelines and wait for the next signals.
The country credit growth soared to 1.1% ytd as of end of 1Q20 from 0.68% on 20 March amid sluggish economy, which would mainly result from banks’ stimulus packages and restructured loans on virus-impacted debtors. Nevertheless, VPB revealed to maintain positive growth trajectory compared to the same period last year as the COVID-19 pandemic had yet impacted the bank’s 1Q20 performance.
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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