Banking stocks

Viet Nam has the cheapest valuations and second highest EPS growth in Southeast Asia, as this table shows. — Source VinaCapital “Viet Nam’s economy is even stronger than we had expected at the beginning of the year, but that strength is not reflected by higher stock prices due to the [US’s] aggressive rate hikes and the recent regulatory crackdown in Viet Nam,” Michael Kokalari, chief economist at VinaCapital, has said in a report. “That said, we expect over 20 per cent [company earnings] growth in 2022, which should support a recovery in the VN-Index by the end of 2022.” July economic statistics have not only reinforced VinaCapital’s forecast of 7.5 per cent GDP growth in 2022 but also make it look like the economy would grow by a stunning 10 per cent year-on-year in the current quarter, he said. “Our expectation that Viet Nam’s economy will grow by at least 7.5 per cent this year (and by at least 10 per cent in Q3) leads us to believe that the consensus forecast for 16 per … [Read more...] about Stock market to benefit from unexpectedly strong domestic growth: VinaCapital

A trader observing the market's movements on his computer. — Photo baodautu.vn After hitting a bottom of around 1,140 points in early July, the stock market had recovered for four straight sessions, with the benchmark VN-Index surpassing the threshold of 1,250 points. Notably, liquidity improved significantly last week and has now exceeded the recent 20-week average. This marked the second week of such an increase, showing that investors' interest is improving. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended the week at 1,252.74 points, down 0.11 per cent. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange (HNX) closed higher, up 0.73 per cent to 299.9 points. For the week, the VN-Index rose by 3.85 per cent and the HNX-Index was up 3.91 per cent. Trading value on HOSE increased by 39.2 per cent from the previous week to VND83.1 trillion (US$3.5 billion), equivalent to a gain of 47 per cent in volume to more than 3.5 billion shares. On the northern bourse, … [Read more...] about Investors’ risk appetite continues to improve this week

Hu tieu (rice noodles) have long been a must-try dish on any visit to Vietnam’s Mekong Delta, but the five-colored hu tieu in Can Tho City offers visitors a fun twist on the long-standing local specialty. The Cai Rang floating market is one of Can Tho’s most popular tourist attractions, and those who choose to take a boat ride through Cai Rang rarely pass up the opportunity to try the hu tieu sold by Huynh Huu Hoai (Sau Hoai) and his family on the banks of the Rau Ram Canal in the city’s An Binh Ward. What makes Sau Hoai’s hu tieu so popular is his family's unique takes on the dish -- a pizza-inspired version and naturally-dyed one featuring five vibrant colors. Sau Hoai leads three generations of family members each day as they produce hu tieu for hungry tourists and locals alike. Each and every noodle thread produced by Sau Hoai and his family is handmade and sun-dried until their texture reaches the perfect balance of soft and chewy. To ensure that his noodles … [Read more...] about Five-color ‘hu tieu’: New twist on traditional noodle in southern Vietnam