Market Strategy – VIETNAM’S MARKET RE-RATING HAS MORE TO DO WITH GLOBAL FACTORS
- Several external factors have coincided to catalyze a market rerating such as : a tightening of global liquidity, strengthening US dollar, rising oil prices, select large source countries of foreign portfolio capital into
Vietnam are seeing improving domestic prospects.
- We emphasize the importance of riding longer-term structural growth stories. ACV (rising aviation penetration and inbound tourism), PC1 (rising power demand and critical infrastructure upgrades) and HPG (continued construction steel demand in the wake of a revival in public spending) come to mind.
Please follow this link for the full report
You Might Be Interested
Strategy Note
249
Global De-escalation in the Middle East conflict improved risk appetite, driving global ETF flows back into risk assets in April. Equity ETFs continued to lead with net inflows of USD165.5bn, up 62.3% MoM. Bond ETFs recorded net inflows of USD45.6bn, up…
Strategy Note
2650
We believe that the main growth driver for Vietnam’s economy in 2H23 will mainly come from the government’s economic support policies. Therefore, Vietnam’s key investment topics in the second half of 2023 will be closely related to an easing monetary…
Strategy Note
8158
In May 25, the SBV decided to reduce some policy rates such as the refinancing rate (down 0.5% points), the ceiling deposit interest rate for 1-month to 6-month term (down by 0.5% points),.. The 12-month deposit interest rates of commercial…
VI
EN
JA
ZH
