Weekly Report

The stock market's decline was similar to the world stock market's movements in the context of high US bond yields

Stocks plunged after the International Monetary Fund (IMF) lowered its forecast for global economic growth in FY22-23 by 0.8%/0.2% compared to the previous projections in January due to concerns over the Russia-Ukraine conflict

The local stock market collapsed as Standard Chartered forecast Vietnam's inflation to hit 4.2% in FY22 and 5.5% in FY23

The VN-Index extended losses on increased selling pressure in banking and real estate as strict control of corporate bonds and credit for risky sectors amid intensified inflation pressures and the prolonged Russia-Ukraine crisis weighed on the market

The VN-Index continued its downward trend like Asian stock markets given inflation fears in the wake of China's new Covid lockdowns

Vietnamese and Asian stock markets fell following the Bank of Korea’s move to raise interest rates by 0.25 percentage points to a three-year high to curb inflation

The VN-Index bounced back after three consecutive falling sessions on large-cap stocks recovery after the General Statistics Office reported on the rapid rebound of the local labor market in 1Q22 despite some unsustainability

The VN-Index witnessed another strong correction in line with the world stock market as RSM US LLP warned against the increased recession risk ahead of numerous supply shocks after the Fed raised interest rates to fight inflation

The local stock market took another beating, similar to the declines of Asian stock markets in the wake of complicated developments of the COVID-19 pandemic in China

Vietnamese and world stock markets crashed as the Fed officials generally agreed to cut the central bank’s balance sheet by as much as USD95 billion a month and supported bigger rate hikes in the March policy meeting