Daily/Weekly Report

Stocks dropped since the General Statistics Office estimated Vietnam's 2021 GDP to reach 10-year lows at 2.58%, not meeting the target assigned by the National Assembly

Vietnam's stock market rallied, led by banks after the State Bank said credit growth increased 14.6% YoY as of December 22 and should grow 14% in 2022

Local stock market rose after the Vietnamese Government and the World Bank signed an agreement for financing USD221.5 million to help Vietnam recover from the COVID-19 pandemic

Vietnamese and global stock markets rallied since investors were more optimistic after studies in the UK, Scotland and South Africa suggest a reduced risk of hospitalization and severe disease from Omicron as compared to previous variants like Delta

Local stocks fell as the Steering Committee for COVID-19 Prevention and Control warned of the possibility of the Omicron variant in Vietnam

Vietnam's stock market closed down after the Ministry of Health reported that Hanoi has led the country in daily new COVID-19 cases for two consecutive days, which forced more areas in the city to halt non-essential activities

The VNIndex rose, underpinned by the World Bank's forecast that Vietnam might achieve its GDP growth target of 6-6.5% in 2022 given well-contained pandemic and improved supply-demand balance

Vietnamese and world stock markets retreated after many countries reimposed stringent restrictions so as to contain the rapid spread of the Omicron variant

Vietnam's stock market advanced ahead of the General Department of Customs’ announcement that November imports and exports both rebounded strongly, reaching all-time record highs of more than USD30 billion

Vietnamese and global stock markets were reassured after the Fed decided to keep the benchmark interest rate unchanged at 0 - 0.25% and end its bond-buying program in March 2022 before raising the rate again