16
June
Monthly Strategy Jun 2023: Reversing the tide
Vietnam stock market shows some positive signals thanks to the improvement in FDI and the expansion of retail sales. FDI has increased since May, indicating a recovery in inflows as global businesses expanded their production capacities. Additionally, retail sales have witnessed growth, driven mainly by the influx of Chinese tourists following the reopening of tourism. We expect the VNIndex may reach 1,300-1,350 pts in 2H23.