Việt Nam News

Market analysts forecast that the VN-Index will continue to be hampered and face the risk of weakening again in the short term.

Việt Nam’s stock market is still cheap at 11.5 times forward P/E and expectations of EPS growth of over 20 per cent this year compared to an average P/E of 16.2 for its emerging market ASEAN peers.

Vietnamese shares ended the week on a negative note, dragged by banking and securities stocks.

Vietnamese shares ended lower on Wednesday as investors shunned risky assets on worries about volatile global markets after aggressive interest rate hikes.

Vietnamese shares inched higher on Tuesday as investors snapped up beaten-down shares following a bruising selloff in the previous session.

While most manufacturing and trading industries faced difficulties due to rising input prices, the pharmaceutical industry has been less affected.

Shares started the week on a negative note, hammered by losses in multiple sectors facing strong correction pressure during the trading time.

Shares finished the week on a negative note, as the selling force gradually grew stronger at the end of the session causing big falls in the market.

Minister of Finance Hồ Đức Phớc told National Assembly (NA) deputies on Wednesday his ministry has been working around the clock to come up with solutions to bring down petrol prices.

Việt Nam’s economy is recovering and businesses are in dire need of capital, especially “cheap” (low interest rate) capital to revive and develop their production and business activities post pandemic. Economist Vũ Đình Ánh talked to the Vietnam News Agency Television about the credit growth and the interest rate towards the end of this year.