Vietnamese shares slumped on Monday as market sentiment was pressured by worries about the broader spread of the coronavirus in the country.
Vietnamese shares tumbled again on Monday morning as blue chips were hit by a sell-off as worries of a coronavirus-hit economy took off on a higher number of infection cases.
Vietnamese shares fell with regional markets on Tuesday on worries of the global economic recession.
Property industry insiders said the State Bank of Việt Nam’s decision to tighten credit would mean pain in the short term for developers but help the sector develop sustainably over the long term.
It may take Việt Nam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.