Weekly Report

The VN-Index inched up as the Asian Development Bank (ADB) expressed Vietnam's economic growth was driven by the expansion of trade, stronger-than-expected recovery in manufacturing, domestic travel, and bold public spending

The local stock market advanced on the news DPM Le Minh Khai urged the Ministry of Finance to research and report a plan on gasoline tax reduction to bring down petrol prices, mitigating inflation pressures

The stock market cheered after Vina Capital, UOB, and HSBC raised Vietnam's 2022 GDP growth forecast to 7.5%, 7%, and 6.9% respectively

Stocks fell from increasing sell-offs at the end of the session

Local stocks followed Asian stock market's downtrend as China 2Q GDP slowed to 0.4% YoY (down 2.6% MoM vs 1% YoY rise in the forecast)

Vietnam's stock market rose in line with Asian stocks after China said its exports rose 17.9% in June, which was more positive than the Reuters' forecast of 12% increase

Vietnamese stocks fell, following the world downturn ahead of the US June inflation report

Stocks rallied thanks to the bottom-fishing demand after the market dropped

The stock market tumbled in line with the movements of Asian stock markets after China announced a 2.5% increase in CPI on high pork prices in May 2022

Vietnam's stock market gained for the second day on news that China would release a stimulus package of more than USD200 billion to support the economy in the second half of this year through increased infrastructure spending