With the Government’s initiatives to address disappointing GDP growth in the first quarter and the fact that foreign companies’ orders are likely to increase in the second half of the year, the economy is expected to rebound then, Michael Kokalari, chief economist at investment fund VinaCapital, has said.
Coffee prices in Vietnam have experienced a gradual incline in tandem with the global trend, but the stocks of local coffee producers have remained stagnant, displaying limited liquidity and extended periods of inactivity.
Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates.
The tourism and entertainment stock group saw a hike after the Chinese Government has decided to add Vietnam into the list of the countries to which China’s group tours can be conducted starting from March 15.
Domestic investors opened 88,479 new securities accounts in November, a slight decrease compared to the previous month, according to data from the Vietnam Securities Depository (VSD).
Vietnam’s Quang Binh AMI Renewables Investment Joint Stocks Company and the Government of Laos on December 8 signed a Memorandum of Understanding (MoU) on a feasibility study on a wind farm development project in Laos’ Savannakhet province.
The Vietnamese stock market has just closed the first half of a rough November with a forgettable session. Selling force weighed on most of the industry groups, with the whole market recording nearly 400 stocks hitting floor prices.
Many stocks unexpectedly received a large amount of capital inflows from foreign investors, especially some banking stocks, even though the market went down in October.
The Vietnamese economy grew by 7.7% in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption.
As the COVID-19 pandemic continues to spread nationwide and is gradually being considered an endemic disease that could be treated at home, demand for drugs has increased sharply.
Positive news about the resumption of aviation and tourism services have helped tourism stocks to surge, with many even hitting celling prices continuously, despite the VN-Index struggling around the 1,500-point level.
From shopping to services, Vietnamese are choosing a digital-first lifestyle to benefit from the online world’s speed, convenience and prices, according to Google’s 2021 Year in Search: Vietnam's Search for Tomorrow report.
In the past two years, the impact of COVID-19 has hit listed tourism companies’ activities hard, leading to persistent losses and some stocks being given a warning status, and even risk being delisted. However as many businesses turn to restructuring operations, their results have become more positive.
With a solid financial foundation, bright prospects in the medium and long term, stocks of renewable energy companies are attracting more and more investors.
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