It may take Vietnam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.
After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility.
Vietnam’s benchmark VN-Index last week ended at its 13-month high but its struggle on the last two days signalled growth had stalled and it would move sideways in the coming week.
Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.
The Vietnamese stock market suffered during the week from July 29 to August 2 after having rallied for four consecutive weeks amid negative news from the international markets.
Covered warrants will be officially listed and traded on the Ho Chi Minh Stock Exchange from June 28, according to Vice Chairman of the State Securities Commission of Vietnam Pham Hong Son.
VinaCapita Fund Management Joint Stock Company (VCFM), one of the most experienced asset management companies in Vietnam, on March 20 announced the establishment of its fourth open-ended fund - the VinCapital Insights Balanced Fund (VIBF).
Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.
Vietnamese shares advanced on March 4 with the strong growth of large-cap stocks such as Vingroup (VIC), Vinhome (VHM), PV Gas (GAS), Vinamilk (VNM), and Vincome Retail (VRE).
Vietnamese shares are forecast to advance in March as investors may seize the chance to invest in companies that are about to provide clearer visions for 2019 at their annual shareholder meetings.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) grew 3.3 points, or 0.36 percent, from last week to hit 912.18 points on the week’s first trading day, January 28.
The Ho Chi Minh Stock Exchange (HoSE) has recently accepted or looks set to accept the listing of three more large-cap companies, but questions remain following a volatile year for the market.
Vietnamese shares are forecast to rise at a slower pace over the last two weeks of the year amid worries about volatile global markets and falling domestic purchases despite the upcoming quarterly earnings season.
Business
