Weekly Report

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

Vietnamese and world stock markets retreated after many countries reimposed stringent restrictions so as to contain the rapid spread of the Omicron variant

Vietnam's stock market advanced ahead of the General Department of Customs’ announcement that November imports and exports both rebounded strongly, reaching all-time record highs of more than USD30 billion

Vietnamese and global stock markets were reassured after the Fed decided to keep the benchmark interest rate unchanged at 0 - 0.25% and end its bond-buying program in March 2022 before raising the rate again

The VN-Index dropped as investors are concerned that the FED would speed up the narrowing of asset purchase program and raise interest rates sooner than expected

Stocks slipped after the Asian Development Bank lowered its economic growth forecast for 2021 to 2%

Vietnamese stocks climbed along with global markets as investors are waiting for the results of many major central banks' meetings

The stock market's decline was similar to the movements of global stock market as investors took a cautious stance prior to the announcement of US November CPI