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"If analysts sit down now to predict how the economy will be, and what is going to drive its growth, they will see many problems. Government stimulus packages, which are the foundation of the economy’s recovery, are having difficulties being disbursed. The stock market, however, is benefiting from surplus cash flow in the economy," he said. … [Read more...] about Stock market propped up by excess cash: top brokerage executive

Most real estate and construction stocks performed positively this session. NVL of Novaland and VHM of Vinhomes, both real estate developers, rose 2 percent and 1.2 percent, respectively, while CTD of construction giant Coteccons edging up 0.3 percent after two consecutive sessions to hit its ceiling price. … [Read more...] about Stock market rises in quiet trading session

The similarity between the first Covid-19 wave and this time is that the domestic cash flow remains abundant. Indeed, when businesses and people were still reluctant to invest and expand businesses, the pandemic has returned. This makes the ability to absorb credit which is already weak (only rising by 3.26% after six months) will even be more limited, asserted VDSC. … [Read more...] about Vietnam stock market predicted to be resilient amid Covid-19 resurgence

According to the State Securities Commission of Vietnam (SSC), as of June 30, 2020, the total capitalization of Vietnam's stock market reached VND5.5 trillion, the market capitalization/GDP ratio increased from 0.3 percent in 2000 to 104 percent in June 2020. Of which, the capitalization of shares market reached over VND4 million billion, equivalent to about 64.5 percent of GDP in 2019; and of the bond market reached about VND2.3 trillion, equivalent to 39 percent of GDP in 2019 (government bonds accounting for 29.18 percent and corporate bonds at 10.28 percent). … [Read more...] about Vietnam stock market marks 20th anniversary

Small stocks took the limelight in this session. Industrial zone developer ITA reached its ceiling price of VND4,260 and led the HCMC market by liquidity with over 15.3 million shares changing hands. Some other industrial zone operators including SZL and TIP closed at their ceiling prices as well. Their peers such as D2D, IDV, KBC increased by some 3%. … [Read more...] about Industrial zone stocks fly high amid market rally