The Vietnamese stock market was Southeast Asia’s most successful market in 2018 in terms of capital mobilisation, said Deputy Prime Minister Vương Đình Huệ.
The country’s credit growth target of 14 per cent set for this year, the same rate as last year, was reasonable and achievable, economists said.
The Securities Journalists Club on Thursday announced the top 10 biggest events for Việt Nam’s stock market in 2018.
Domestic losses slackened off on Thursday although global markets was strongly affected by the outcome of the US Federal Reserve (Fed)’s meeting on Wednesday.
Shares continued to fall on Tuesday due to the uneasy global market and the worries among investors about the US Fed’s imminent interest rate hike decision.
The central bank’s daily reference exchange rate of the US dollar against the Vietnamese đồng has been adjusted up slightly in recent sessions, pushing it to the highest level since early this year.
The State Bank of Việt Nam (SBV) has introduced forward sales of US dollars to commercials banks for the first time this year to better manage the country’s foreign exchange market.
Vietnamese shares joined the global market downturn tumbling in two main stock exchanges on Friday.
Significant variation in large-cap prices weakened the upward momentum of the market on Thursday amid low liquidity.