Weekly Report

The benchmark VNIndex traded higher on the World Bank's rosy forecast about Vietnam's economic outlook given effective COVID-19 vaccine inoculation

Asian stock indices, including the VNIndex celebrated the newly passed USD1,900 billion COVID-19 aid package, which was one of the biggest stimuli in the US history

Stocks rallied after the Minister of Finance Dinh Tien Dung affirmed that the congestion of transactions on the Ho Chi Minh Stock Exchange (HSX) would soon be handled

The corrections in oil and gas stocks caused the VNIndex to fall for the fourth consecutive session

The VNIndex joined Asian market decline

Stocks' uptrend was supported by the news the Minister of Health would start the vaccine COVID-19 inoculation program on March 8

Stocks plummeted along with the world market's downturn due to the increase in US government bond yields

Good control of domestic COVID-19 pandemic helped the VNIndex get out of today's sideways drift and close up

The VNIndex closed up again after the Minister of Planning and Investment proposed to maintain expansionary monetary and fiscal policies to support the economy

Vietnamese stocks rallied thanks to further improved manufacturing sector, reflected through February PMI increase to 51.6 points (IHS Markit)