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Market Strategy – Vietnam in the midst of global easing

Strategy Note 19/03/2020    171

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  • Global central banks coordinate to combat coronavirus fallout.
  • Vietnam’s central bank took strong move to battle COVID-19 impact.
  • The Vietnamese dong stays stable amid the chaos.
  • Easing global financial conditions will not boost capital inflows into Vietnam in the short term, however, it could gradually stabilise investors’ sentiment in the financial market.
  • In the medium- to long term, massive funds would flow into the countries which are able to bring manufacturing activity back to normal at the fastest pace, regarding which Vietnam is among the most potential candidates.

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