Weekly Report

The VN-Index dropped in line with global stock markets’ movements as the World Bank released a forecast that the global economy would decelerate markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023

The stock market collapsed following the World Bank’s forecast that Vietnam’s GDP growth would bounce back at 5.5% in 2022, and the economy would only rebound to the pre-pandemic levels in 2023, assuming the full recovery of services and no new shocks

Vietnamese and world stock markets decreased after Fed officials made public comments on the need for tightening monetary policy to combat inflation as well as raising interest rates this March

The VN-Index witnessed a correction similar to the movements of the Asian stock markets after Goldman Sachs lowered its 2022F GDP growth of some Asian countries affected by the Omicron variant

Local stock market regained ground thanks to banking stocks’ outperforming as the State Bank revealed that credit balance of the whole sector may improve 5.3% in 1Q22, deposits should expand 2.6% in 1Q22 and 12.1% for 2022

The VNIndex followed the decline of the world stock markets since investors were concerned about the central banks’ tightening policy

Local stock market went down given investors' concerns around the rise of US Treasury yields prior to US inflation data released this Wednesday

The VNIndex was dragged down by Bloomberg’s forecast that Vietnam and Indonesia would witness 2022 inflation to rise from last year by the most in Asia given global price pressures from supply chains

The stock market rose on the determination of the Government to implement effectively the COVID-19 pandemic prevention and control programme and the socio-economic recovery and development programme, targeting a 6-6.5% GDP growth in 2022

Vietnam's stock market followed the downtrend of Asian stock markets given rising US Treasury yields