Weekly Report

Vietnamese and global stocks cheered Joe Biden on his victory over Donald Trump in the US presidential election

Stocks traded higher after the Minister of Planning and Investment voiced its confidence that Vietnam GDP would reach 6% in 2021E

Increasing bad debts revealed in banks' 3Q statements led the VNIndex lower. VietinBank (CTG, -1.1%) & Bank for Investment and Development (BID, -1.8%) were the two noticeable laggards in the industry

Vietnam emulated Asian markets recoveries as investors are longing for a convincing US election result

The VNIndex closed higher today, powered by October positive macro data with PMI reaching 51.8 points and IIP up 5.4% YoY

Stocks rallied on improved manufacturing health, reflected through domestic October PMI of 51.8 points (the second consecutive month above the 50-point threshold) announced by IHS Markit

Stocks posted modest rebounds, comforted by the Prime Minister's assertion that domestic economy has been in a V-shaped recover and may reached 2.5-3% in 2020E

Stocks sank lower, tracking steep losses on the US Coronavirus-hit market ahead of the hotly-contested presidential election on November 3

Strong sell-down pushed Vietnamese stocks down sharply amid concerns about alarming COVID-19 cases worldwide and unpredictable US presidential election

Stocks were led down by the recently announced 3Q bad debt increases in banks like Military Bank (MBB, -2.7%) & Sacombank (STB, -5.7%).