![HSG-Brief-[HOLD]-Sales volume slightly increased on m-o-m basis](https://kisvn.vn/en/wp-content/uploads/sites/2/2019/09/page-phantich-m.jpg)
19
April
Total Mar steel sales volume posted 107,020 tonnes, dropping by 33.0% yoy but increasing 4.7% mom. Steel coat volume made up 80.8% of the Mar total sales volume at 86,505 tonnes, +2.7% mom but -28.4% yoy.
19
April
Total Mar steel sales volume posted 83,590 tonnes, increasing by 23.4% mom but -17.8% yoy. The 3M23 total sales volume came in at 194,698 tonnes, -24.3% yoy.
19
April
Total Mar steel sales volume posted 567,651 tonnes, decreasing by 39.1% yoy but increasing by 3.3% mom. The total Mar domestic sales volume rised by 0.9% mom to 487,134 tonnes.
19
April
Despite the second recovery, the downside risk is still intact because of high selling pressure at a high level. Hence, traders should be careful if the market still shows negative signals.
19
April
Long positions on VN30F2304 should be closed and new trading positions should be stalked on upcoming contract (VN30F2305). (Hourly chart)
18
April
This monthly report on Vietnam steel production is intended to track the developments in the steel market. During Mar 23, we observed an contiuing improvement in total sales volume on m-o-m basis.
18
April
Liquidity condition in the money market remains tight this week under the upcoming long holiday and possible mismatch in the auction of TGA deposits. Oppositely, interest rates on longer-term assets declined further following the recent SBV’s easing. 10-year G-bond yield returned to reduce by 8bps this week, and average deposit rates from SOBs were unchanged. Besides, the forex market experienced a calm week when USDVND hit SBV’s buying level.
18
April
HoSE announced new constituents of the VN DIAMOND Index last Monday. Accordingly, the VN DIAMOND Index will remove EIB, but not add any ticker in the 2Q23 review. Based on data as of 17 Apr 2023, we expect local ETFs to sell heavily with 16.9 million shares and 16.5 million shares respectively. The new weight will be effective on 04 May 2023.
18
April
Long positions on VN30F2304 should be closed and new trading positions should be stalked on upcoming contract (VN30F2305). (Hourly chart)
18
April
Despite the recovery, the downside risk is still intact because of a high selling pressure at high level. Hence, traders should be careful if the market still shows negative signals.
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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