Weekly Report

Vietnam stock market collapsed, following the movements of the world stock market as investors worried that central banks in many countries might tighten monetary policy sooner than expected to curb the rising inflation

The stock market closed down after the General Department of Customs announced that Vietnam's export turnover in the first half of November reached only USD14.61 billion, down nearly 7% compared to the second half of October

Stocks witnessed corrections as many localities tightened COVID-19 preventive measures on large new infection number

The stock market rallied after IHS Markit forecast Vietnam's GDP per capita would surge from USD2,785/year in 2020 to USD4,280/year in 2025 and USD6,600/year in 2030 and Vietnam should be classified as one of the fastest growing emerging markets in Asia

Vietnamese stocks followed the global market corrections amid investors' cautious sentiment when the CPI in the US, China and Japan reached multi-decade peaks

The stock market rallied on the news the World Bank was optimistic about the prospect of Vietnam's economic recovery since the economic growth hit the bottom low, reflected in October socio-economic data

The stock market closed up ahead of news from PM Pham Minh Chinh that the Government is discussing new mechanisms and policies applied on a large scale, with appropriate scope and time to stimulate the economy

Local stocks joined the world stock market's declines as investors were concerned about the US CPI reaching 30-year highs at 6.2% YoY in October

The stock market went up on the news that the European Business Association took a positive stance for Vietnam's business activities, especially in trade and investment, after the lockdown was lifted

Stocks went down as many localities tightened COVID-19 preventive measures amid aggravating COVID-19