Weekly Report

Vietnam's stock market posted gains on the growth of banking stocks after Fitch Ratings unveiled it could raise the viability ratings of most Vietnamese banks a notch higher if core capital ratios were 2-3 percentage points higher

The VN-Index retreated after the World Bank lowered its forecast for Vietnam's GDP growth to 5.3% and even down to 4.4% in the worst-case scenario

The local stock market saw a sharp gain today, backed by blue chips

The VN-Index regained since the released reading of the General Statistics Office showed that more than 82% of businesses believed their financial position would rebound in 2Q22 compared to 1Q22

Vietnam’s benchmark VN-Index retreated since S&P Global lowered its growth forecast for Southeast Asia from 5.6% to 5% given dwindling global demand and the impact of the Russia-Ukraine conflict on the regional economy in 2022

The VN-Index bounced back after the General Statistics Office announced that GDP in the first quarter expanded by 5.03% YoY

Local stocks slumped on increased profit-taking pressure, especially from banking and real estate stocks

The local stock market claimed back some losses after the World Bank assessed that Vietnam still maintained its economic recovery momentum

The VN-Index extended losses like the world stock markets following oil price surges, putting global inflation under enormous pressure

The VN-Index ended its six-session gaining streak after VinaCapital downgraded its forecast for Vietnam's GDP growth rate by 1% to 6.5%