Weekly Report

The stock market rallied as the latest reading of IHS Markit showed that December PMI was up slightly MoM to 52.5 points, reflecting the third straight month of improved business conditions and the strongest recovery of the manufacturing industry since May 2021

The stock market went up, underpinned by large-cap stocks

Vietnam’s stock market regained ground on the news that the Deputy Prime Minister and the Governor of the State Bank asked the banks to continue cutting loan interest rates to support pandemic-hit businesses and individuals

Stocks dropped since the General Statistics Office estimated Vietnam's 2021 GDP to reach 10-year lows at 2.58%, not meeting the target assigned by the National Assembly

Vietnam's stock market rallied, led by banks after the State Bank said credit growth increased 14.6% YoY as of December 22 and should grow 14% in 2022

Local stock market rose after the Vietnamese Government and the World Bank signed an agreement for financing USD221.5 million to help Vietnam recover from the COVID-19 pandemic

Vietnamese and global stock markets rallied since investors were more optimistic after studies in the UK, Scotland and South Africa suggest a reduced risk of hospitalization and severe disease from Omicron as compared to previous variants like Delta

Local stocks fell as the Steering Committee for COVID-19 Prevention and Control warned of the possibility of the Omicron variant in Vietnam

Vietnam's stock market closed down after the Ministry of Health reported that Hanoi has led the country in daily new COVID-19 cases for two consecutive days, which forced more areas in the city to halt non-essential activities

The VNIndex rose, underpinned by the World Bank's forecast that Vietnam might achieve its GDP growth target of 6-6.5% in 2022 given well-contained pandemic and improved supply-demand balance