Weekly Report

Stocks succumbed to the strong selldown at the end of the session. Vietnam Steel Association (VSA) said that 1Q sold output of steel enterprises recorded a strong growth of 35.5% YoY and reached a record high of 6.8 million tons

The VNIndex rose alongside the rallies of the world stock market as the US Government bond yields cooled down after the released data showed that inflation in the US increased at a lower speed than expected

Stocks fell at the end of the session due to the profit-taking pressure after the VN-Index reached a new historical peak

Skyrocketing trading volumes pushed SSI Securities (SSI, +3.5%) and HCM Securities (HCM, +2.7%) up

Stocks succumbed to strong profit-taking pressure after eight consecutive gaining days

The VNIndex rallied again as Vietnam PMI in March was the highest in the ASEAN, reaching 53.6 points (IHS Markit)

Stock rallies were underpinned by a rise of 22.1% YoY in March IIP, which reflected considerable improvements in manufacturing conditions

Stocks peaked after Fitch Ratings forecast Vietnam's GDP growth rate at 7% in 2021 and 2022 with a positive outlook

The VNIndex surpassed its historical peak after IHS Markit released a report showing that Vietnam's March PMI reached 53.6 points, up sharply from 51.6 points of the previous month

HSBC's review to raise Vietnam 2022 GDP growth from 6.5% to 8.5% encouraged stocks to gain, despite lower 2021 GDP forecast (from 7% to 6.6%) given the third wave of COVID-19