Investors who fear rising inflation may buy treasury inflation protected securities tips

Facilities of PetroVietnam Gas JSC (GAS). GAS increased by 4.5 per cent last week. — Photo pvgas.com.vn HÀ NỘI — Although the rally in recent sessions was quite positive, with the temporary cautious state of cash flow, it is likely that the market will need a step back to re-test supply and demand, said brokerages. The VN-Index on the Hồ Chí Minh Stock Exchange declined 0.07 per cent to close the week at 1.240,71 points. The index had risen 4.9 per cent last week. An average of 547.2 million shares were traded on the southern exchange during each session last week, worth VNĐ13.6 trillion (US$587 million). “Markets ended the last session of the week in a state of hesitation below the reference level. After a strong reversal on May 17, selling pressure at the end of the session still took place on the low base,” said VDSC Securities Co. “Movements in industry groups are also diverging. The caution is still covering investors’ sentiment. Therefore, it is likely that the … [Read more...] about Shares to correct further on cautious sentiment of investors

VEPR organises a conference on the Việt Nam Annual Economic Report 2022 in Hà Nội on Friday. — Photo baodautu.vn HÀ NỘI — The third quarter will be the most stressful period for inflation, said Trần Toàn Thắng, head of the National Centre for Socio-Economic Information and Forecast, at a conference on the Việt Nam Annual Economic Report 2022. The conference was organised by the Việt Nam Institute for Economic and Policy Research (VEPR) in Hà Nội on Friday. The report highlighted that the Vietnamese economy is in the process of recovery but will continue to face many difficulties this year. Inflationary pressure and production costs are increasing strongly. In addition, risks from the Russia-Ukraine conflict have a huge indirect impact on the country's economy. The slowdown of the global economy and important partner economies of Việt Nam, especially China, which is continuing its "Zero COVID" policy with strict measures, can stress the Vietnamese economy, disrupting supply … [Read more...] about Q3 set to be tough period for inflation

Production at Chinese-invested Jasan Textile and Dyeing Vietnam Co., Ltd. at Hai Phong's Vietnam-Singapore Industrial Park (VSIP). (Photo: VNA) Singapore (VNA) - The Vietnamese economy picked up strongly in early 2022, thanks to a strong vaccination drive, robust global demand for its manufacturing products, momentum in domestic demand, and resilient foreign direct investment (FDI) flows. This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April … [Read more...] about AMRO forecasts Vietnam’s strong recovery amidst external headwinds

An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. Recently, the Government has directed to purge the market and improve the trading system’s capacity, showing its determination to enhance the quality of the stock market. The refinement is to protect investors and open a door for the Vietnamese stock market to be upgraded from a frontier to an emerging market. Prime Minister Phạm Minh Chính has taken an interest in the development of the capital market and the stock market, including the matter of upgrading the market. During a trip to attend the ASEAN-US Special Summit, on May 16, the PM visited the New York Stock Exchange (NYSE) – the largest stock exchange in the world – hoping it supports and shares experience to … [Read more...] about Upgrading the market for the sake of all participants

This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds

Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region's startups more attractive, a senior executive told Reuters . General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer, Sandeep Naik, the head of its business in India and Southeast Asia, said in an interview. The market for startups, especially in India, is going through a rough patch. After raising a record $35 billion in 2021, founders are struggling to attract cash, sparking fears of lower valuations and forcing some to cut jobs. After investing just $190 million in Indian startups in 2021, its lowest ever annual figure, General Atlantic is now ready to loosen its purse strings, Naik said in an interview at the World Economic Forum in the Swiss ski resort of Davos. "The realism is setting in. We were waiting for the … [Read more...] about General Atlantic plans $2 billion investment in India, Southeast Asia