Weekly Report

Vietnam's stock market increased today, in line with the strong performance of regional markets thanks to the expectation on Covid-19 vaccine

Vietnamese stock market posted further gains from recent favorable forecasts of IMF and World Bank about 2021E domestic economy

Stocks picked up on the IMF's rosy forecast of the domestic economy (2.4% for the whole 2020 vs 1.6% announced last month)

Construction material stocks led the VNIndex higher on the latest news about some public invested projects

Vietnamese and global stocks rebounded on news Moderna's COVID-19 vaccine proved 95% of protection and the suspected case in Hanoi was tested negative today

The news of a suspected COVID-19 case in Hanoi rattled Vietnamese stock market

Stocks posted gains in response to World Bank's rosy forecast about the recovery of Vietnam economy, which was ravaged by storms in the Central region but still managed to bring the IIP back close to the pre-COVID levels.

Stocks ended higher after Ministers from RCEP countries decided to sign a trade agreement at the next summit on November 15, 2020

The VNIndex rallied since the National Assembly approved the 2021E economic guidance indicating an GDP increase of 6%, GDP per capita of USD3,700 and CPI growth rate of 4%.

Stocks moved sideways as investors were cautious that the COVID-19 vaccine would not be available for mass production soon, while central banks might use less stimulus policies after the vaccine news