Weekly Report

The local stock market staged a strong rebound today after United Overseas Bank (UOB) predicted Vietnam's GDP in 2Q22 and 3Q22 to increase by 6% and 7.6%, respectively

The VN-Index closed lower as UK inflation hit fresh 40-year high of 9.1% last month

Vietnam's stock market experienced the third session of losses in a row after the General Department of Customs reported a trade deficit of USD1.7 billion in May

Vietnam's stock market witnessed another correction today on increased selling pressure in various sectors as rising macro risks weighed on the market

Vietnam's stock market followed the downward trend of the world stock markets amid rising concerns that aggressive monetary policy would push the economy into a recession

Vietnamese and global stock markets rebounded since the Fed’s decision to raise the interest rates by 75 basis points was in line with the market expectation

The stock markets in Vietnam and across the globe plunged on the expectation that the Fed would lift the benchmark rate by 0.5 - 0.75% at its meeting on June 15, 2022

The VN-Index returned to positive territory ahead of news the Ministry of Finance would submit the proposal to cut the green tax for gasoline and oil to the National Assembly Standing Committee to tame inflation in the coming time

The correction of the VN-Index was in line with the movements of world stock markets after the CPI in the US jumped by 8.6% YoY last month, marking the highest increase ever since 1981

The VN-Index ended the week in red like the world stock markets after the European Central Bank (ECB) stated it would raise key interest rates by 0.25% in July and point to another hike expected in September 2022