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Hanoi (VNS/VNA) – The Vietnamese inventory market witnessed a
sturdy correction lately, primarily as a consequence of worldwide
macroeconomic elements, together with world hovering inflation and the US
Federal Reverse price hikes.
Nonetheless, specialists are nonetheless optimistic in regards to the market’s outlook
within the second half of 2022 due to constructive inside forces.
After recovering shortly in 2021 with a progress of 5.7%, world
economies are going through uncertainties as a result of ongoing complexity of the
COVID-19 pandemic; geopolitical dangers, particularly the Russia-Ukraine battle;
the decelerate of the Chinese language economic system affected by the zero-COVID coverage; and
rising oil costs that leading to report excessive inflation in lots of
nations.
Inflation, debt and vitality are three sizzling points, BIDV Chief
Economist Can Van Luc emphasised on the convention on “Inflation, Curiosity
charges and Securities” held by Vietnam Monetary Advisor Affiliation
(VFCA) and VietFirst Securities Company (VSC) on July 15.
Statistics confirmed that the nation’s inventory market has tumbled
sharply to hit bottoms for 4 durations in its historical past, together with 2007-2008,
2011-2012, 2018-2019 and this yr.
Within the three earlier durations, the Fed price hikes, excessive US
inflation and excessive worldwide oil costs influenced the market’s turbulence.
And this time is not any completely different, mentioned Nguyen Minh Hoang, director of the Evaluation
Division at VietFirst Securities.
For the primary half of 2022, the market benchmark VN-Index fell
greater than 20% and misplaced 25% from the height of 1,500 factors.
The market started its downtrend after Fed raised rates of interest for
the primary time in June.
Nonetheless, specialists are nonetheless optimistic in regards to the market because the
nation’s economic system sees constructive indicators.
“Our macroeconomy is steady with progress in GDP and shopper worth
index inside management,” Hoang mentioned.
Rallies of commodities costs are additionally anticipated to cease, serving to
to include inflation.
As well as, the fast recoveries of listed enterprises are a
vibrant spot for the market. “We imagine that our listed corporations nonetheless
can publish a progress of 21-25% this yr,” Luc mentioned./.
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