Market Strategy – Envisaging a new high

• We update the market scenarios when the VN-Index is approaching its historic peak of 1,200 points.
• In our base scenario, we estimate the reasonable range of VN-Index to be 1,180 – 1,230 points.
• In our best-case scenario, the VN-Index can reach 1,280 – 1,330 points given that the Covid-19 vaccine rollout proceeds faster-than-expected or the process of upgrading Vietnam’s stock market to an emerging market status would have achieved a big move.

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