Viet Nam News HÀ NỘI — Some 20 years after the Asian financial crisis brought many Southeast Asian nations to their knees, business sentiment is buoyant in a region that now functions as one of the primary engines of global growth, according to the results of our inaugural Business Barometer: OBG in ASEAN CEO Survey. Around 84 per cent of executives surveyed across six ASEAN states – Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Việt Nam – had positive or very positive expectations for local business conditions in the coming 12 months, while 72 per cent were likely or very likely to make a significant capital investment. The upbeat results reflect Asia’s emergence as the main driver of global economic expansion. The IMF forecasts the GDP of the “ASEAN-5” – defined by the fund as Indonesia, Malaysia, the Philippines, Thailand and Việt Nam – to grow by 5.4 per cent and 5.3 per cent in 2018 and 2019, … [Read more...] about CEOs assess business sentiment across ASEAN markets
Investor sentiment
Net sells by foreign investors not a worry: analysts
Vietnam's stock market suffered the biggest monthly fall in the world in April (Photo: VNA) Hanoi (VNS/VNA) - Local investors are concerned with recent increases in net selling by foreign traders, fearing a capital flight, but experts have tried to calm the market with positive recommendations. Vietnam's stock market suffered the biggest monthly fall in the world in April, with the VN-Index on the HCM Stock Exchange losing 12.2 percent and the HNX-Index on the Hanoi Stock Exchange sliding 9.4 percent. The market has moved within a narrow range in early sessions in May. Alongside slumps of large-cap stocks, especially in the banking, securities and real estate sectors due to heavy profit-taking pressure (the benchmark VN-Index hit the all-time record high of nearly 1,200 points on April 6), a long net selling streak by foreign investors negatively affected the market. On the main bourse in HCM City, foreign traders were net buyers of total 1.6 trillion VND (70.6 million USD) in … [Read more...] about Net sells by foreign investors not a worry: analysts
Vietnamese stocks trade with uncertainty amidst investor pessimism
Vietnamese shares were volatile on Tuesday morning as investors remained doubtful of the market’s short-term prospects. Vietnamese shares were mixed on Tuesday morning as low investor confidence continued to hit large-cap stocks. The benchmark VN Index on HCM Stock Exchange was up by 0.30 per cent to close at 1,065.45 points. It had jumped by 3.4 per cent on Monday. The HNX Index on Ha Noi Stock Exchange fell by 0.52 per cent to end at 125.89 points, retreating from a three-day increase of 4.6 per cent. More than 109 million shares, worth VND2.84 trillion (US$126 million), were traded on the two local exchanges. Large-cap stocks were mixed with 15 of the 30 largest shares by market capitalisation in the VN30 basket advancing against 13 decliners. The VN30 Index, which tracks the performance of the 30 largest stocks, gained 0.44 per cent to reach 1,052.52 points. According to BIDV Securities Co, low trading liquidity in recent weeks has proved that investor sentiment is … [Read more...] about Vietnamese stocks trade with uncertainty amidst investor pessimism
VN Index tumbles on poor investor sentiment
Viet Nam’s benchmark VN Index tumbled on Thursday morning, driven by poor investor confidence in the real estate, banking, securities and rubber sectors. Dampened investor confidence sent stocks down in 17 of the 20 sectors, of which banks, real estate firms and securities companies were among the worst-declining. The VN Index on HCM Stock Exchange plunged 2.05 per cent, or 23.34 points, to close at 1,115.19 points. It had fallen 1.3 per cent on Wednesday. More than 97.6 million shares, worth VND3.3 trillion (US$146.8 million), were traded on Thursday morning The number of declining stocks tripled that of gaining stocks by 204 to 71 while 30 other stocks ended flat. Modest trading liquidity and negative market breadth proved that the market sentiment among all investors reached the bottom on Thursday morning. Dampened investor confidence sent stocks down in 17 of the 20 sectors, of which banks, real estate firms and securities companies were among the worst-declining. … [Read more...] about VN Index tumbles on poor investor sentiment
VN stocks fall on low market sentiment
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Vietnamese shares ended Monday on a negative note as investor confidence remained weak on global geo-political risks and incoming new regulations on margin lending rate. Investors on the HCM Stock Exchange (HOSE) in HCM City. - VNA/VNS Photo Hoang Hai The benchmark VN Index on the HCM Stock Exchange dropped 0.75 per cent to close at 1,148.49 points. It lost total 3.5 per cent last week. The HNX Index on the Ha Noi Stock Exchange finished at 133.31 points, nearly unchanged from last week’s end of 133.34 points. It fell total 3.4 per cent last week. More than 246.3 million shares were traded on the two local exchanges, worth VND8.8 trillion (US$390.4 million). The market trading condition was negative with 196 gaining stocks against 241 decliners while 124 other stocks were flat. Banks, insurance-finance companies, rubber producers, food and beverage firms, and building material providers were among the worst-performing sectors on the stock market. According to securities … [Read more...] about VN stocks fall on low market sentiment