Daily/Weekly Report

Stocks fell as many provinces and cities including Hanoi announced to extend the social distancing protocols for the next 14 days given many untraceable infections

Stocks advanced on the news that the Government agreed with most of tax exemption and reduction solutions to support businesses and people affected by the COVID-19 as proposed by the Ministry of Finance

Stocks rallied on news that Vietnam could receive about USD1.56 billion from the USD650 billion financial support package provided by the International Monetary Fund (IMF)

Stocks posted sharp gains on the news that the Department of Tax Policy considered to cut 30% of corporate income tax and 50% of tax payable from production and business activities in 3Q and 4Q to support Coronavirus-exposed businesses

Stocks rallied after the Ministry of Health disclosed 50 million doses of Pfizer vaccine would arrive in Vietnam in 4Q

The stock market climbed up on the news the Prime Minister asked the Ministry of Health to soon approve the Nanocovax vaccine to slow down the quick spread of Coronavirus

The VN-Index was firmer like other Asian indices amid optimistic sentiment supported by the news Fed would keep interest rates at 0% and not cut asset purchases with the assumption that the US economy would continue to rebound

The VN-Index posted modest gains after the Ministry of Health signed three COVID-19 vaccine technology transfer contracts with Russia, the US, and Japan

Vietnam's stock market gained amid the Asian stock uptrend as investors were optimistic about the Fed's FOMC meeting on July 27-28.

Stocks rallied at the end of the session after the Minister of Planning and Investment voiced his confidence about the 2021 GDP growth target of 6-6.5%.