Vietnam stock

The mid-term outlook of the market remains bright, but in short-term, investors may face certain risks. Vietnam’s stock market continues to be an attractive investment channel from now on until late 2021, especially as factors that help attract capital to flow into the market would remain unchanged. Investor at a securities company in Hanoi. Photo: Cong Hung The Vietnam Financial Consultant Association (VFCA) made the assessment in its latest report on the local stock market. According to the VFCA, in the face of the serious nature of the fourth Covid-19 outbreak and the rollout of the vaccination program, scheduled to complete by late 2022, more investors would join the stock market. “Meanwhile, the fact that international organizations providing a positive outlook on the local economy with estimated GDP growth of 6.5-7.1% would further support market development,” it added. The VFCA also pointed out the current low-interest environment as a factor for … [Read more...] about Factors keeping capital flowing into Vietnam stock market remain unchanged

Vietnam reported 121 new Covid-19 patients from 6 am to 12 pm on June 18, comprising two from abroad, according to the Ministry of Health. The two cases from abroad were confirmed in Dong Thap and Thai Nguyen provinces. The majority of 119 locally-infected patients were found in isolation or locked down areas. HCM City accounted for the highest number with 59 cases, including seven related to the Christian mission cluster, 24 tied to Trung Son Food Joint Stock Company located in Tan Tao Industrial Park and eight others are under epidemiological investigation. It was followed by Bac Giang with 36, Binh Duong with 12, Bac Ninh with 10, Hoa Binh with one and Lao Cai with one. The source of the Lao Cai case has remained unknown and is also under epidemiological investigation. To date, the country has logged a total 10,755 domestic infections and 1,669 ones from abroad. Around 4,653 patients have been discharged from hospital. A total of 24 provinces have … [Read more...] about Vietnam posts 121 new Covid-19 cases on Friday noon

Vietnam is anticipated to become the world’s third largest rice exporter next year with an estimated export volume reaching 6.3 million tonnes, according to the projection made by the United States Department of Agriculture (USDA). The latest forecast has recently been released as part of the USDA’s May 2021 Report about the Global Rice Outlook for 2022. The report details that the global rice output in the 2021 - 2022 crop will hit a record high of 505.4 million tonnes of milled rice, an increase of 1.9 million tonnes compared to the 2020 - 2021 crop. Most notably, Bangladesh, Malaysia, Cambodia, China, the Ivory Coast, the Republic of Korea, Paraguay, Taiwan (China), and Thailand will all witness rises in their respective rice output. In contrast, Colombia, Ecuador, India, Iraq, Madagascar, the Philippines, Sri Lanka, the US, and Vietnam are all projected to record a lower output. After two consecutive years of maintaining its position as the world’s second … [Read more...] about Vietnam likely to rank third in global rice exports in 2022

Vietnam’s digital economy presents chances for investors, start-ups The newswire techwireasia.com on June 16 ran an article saying that Vietnam has been steadily growing its highly promising digital economy, presenting multiple opportunities for investors, startups, and businesses alike. The author wrote that in recent years, the Southeast Asian region has been seeing rapid and sustained efforts and investment into various digital economy initiatives by both the public and private sectors. Tech giants have been creating waves, most recently the Tokopedia-Gojek merger, and earlier, Grab pushing for a US listing with a valuation of over 40 billion USD. Estimates by Google, Temasek, and Bain & Co predicted that the Vietnamese sector could grow to 52 billion USD by 2025, which comes up to about a sixth of the massive 300 billion USD regional digital economy pie. According to the article, backed by a stable political climate, progressive economic policies, and … [Read more...] about VIETNAM BUSINESS NEWS JUNE 18

The stock market of Vietnam is bustling with banking and securities stocks as the backbone, as the potential of banking stocks is attracting the attention of foreign investors. Do Quang Hien, Chairman of Saigon-Ha Noi Commercial Joint Stock Bank (SHB). After a series of gaining sessions in May and early June, which helped the stock market rise to historic peaks, the prices for banking stocks slowed down but they are still historically high, with high liquidity, and are promising. On June 15, the prices for stocks of big banks such as Vietcombank, Vietinbank, Techcombank all increased. Many banks had prices for their stocks rocketing by 50-100% compared to those in early 2021. According to Dragon Capital, valuations of bank stocks and the stock market of Vietnam are still very attractive. A number of Vietnamese bank shares are being eyed by foreign investors. However, on the stock market, few banks still have room for foreign investors. The Saigon-Ha Noi … [Read more...] about Foreign investors eye VN banking stocks