Vinacapital

Vietnam’s real retail sales, excluding the impact of inflation, grew by 7.9 percent year-on-year in the first six months of 2022. (Photo: VNA) Earnings growth are expected to exceed 20 percent this year, Kokalari said in a report entitled “The divergence between Vietnam’s strong economy & weak stock market,” which outlines expectation for Vietnam’s economy in the last five months of 2022. It is attributed to the country’s solid economic performance, he added. Vietnam’s real retail sales, excluding the impact of inflation, grew by 7.9 percent year-on-year in the first six months of 2022. This figure surged to 11.9 percent in the seven months, which is far above the 7 percent year-on-year growth that VinaCapital had previously been forecasting for 2022. “This is important because we are often asked now whether the ongoing slowdown in the US economy - which is Vietnam’s biggest export market - will weigh on Vietnam’s economic growth,” Kokalari said. A slowing US economy is … [Read more...] about Vietnamese economy is likely to grow 10 percent in Q3: VinaCapital

Earnings growth are expected to exceed 20% this year, Kokalari said in a report entitled “The divergence between Vietnam’s strong economy & weak stock market,” which outlines expectation for Vietnam’s economy in the last five months of 2022. It is attributed to the country’s solid economic performance, he added. Vietnam’s real retail sales, excluding the impact of inflation, grew by 7.9% year-on-year in the first six months of 2022. This figure surged to 11.9% in the seven months, which is far above the 7% year-on-year growth that VinaCapital had previously been forecasting for 2022. “This is important because we are often asked now whether the ongoing slowdown in the US economy - which is Vietnam’s biggest export market - will weigh on Vietnam’s economic growth,” Kokalari said. A slowing U.S. economy is likely to temper Vietnam’s export and economic growth, however, the impact of that slowdown will be offset by the country’s strong domestic economy, he said. The revenues … [Read more...] about Vietnamese economy is likely to grow 10% in Q3: VinaCapital

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

The leader cited forecast by Standard Chartered, VinaCapital, Hongkong and Shanghai Banking Corporation Limited (HSBC), and the Asian Development Bank (ADB) as saying Vietnam’s GDP will grow from 6.5% to 6.9% this year. Vietnam has maintained macro-economic stability and major balances, and put inflation under control, creating an important foundation for rapid, sustainable socio-economic recovery and development, he emphasized. Regarding tasks and solutions in the time ahead, the PM asked ministries and agencies to implement their set tasks and plans, and tackle both pending and emerging issues. Priorities should be given to consolidating institutions, he said, urging ministries, agencies and localities to focus on socio-economic recovery and development, economic restructuring, growth model reform and improving the economy’s resilience, along with cultural development, environmental protection, national defense and security, external affairs, and the communications work. … [Read more...] about Int’l organizations upbeat on Vietnam’s development prospects: PM

Illustrative image (Source: VNA) Hanoi (VNA) – Many prestigious international organisations and experts have highly valued Vietnam’s development achievements and prospects, Prime Minister Pham Minh Chinh told a government meeting in Hanoi on August 3. The leader cited forecast by Standard Chartered , VinaCapital, Hongkong and Shanghai Banking Corporation Limited (HSBC), and the Asian Development Bank ( ADB ) as saying Vietnam’s GDP will grow from 6.5% to 6.9% this year. Vietnam has maintained macro-economic stability and major balances, and put inflation under control, creating an important foundation for rapid, sustainable socio-economic recovery and development, he emphasised. Regarding tasks and solutions in the time ahead, the PM asked ministries and agencies to implement their set tasks and plans, and tackle both pending and emerging issues. Priorities should be given to consolidating institutions, he said, urging ministries, agencies and localities to … [Read more...] about Int’l organisations upbeat on Vietnam’s development prospects: PM

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 3. – State President Nguyen Xuan Phuc on August 3 inspected the implementation of the 2022 special amnesty work at Xuan Loc prison in the southern province of Dong Nai. President Nguyen Xuan Phuc inspects special amnesty work at Xuan Loc prison in Dong Nai province. (Photo: VNA) The leader highlighted the political and social significance of the policy, saying that it manifests the humanitarian advocacy and special leniency of the Party and State towards prisoners who show good behaviour and high determination to rehabilitate themselves. Read full story – Prime Minister Pham Minh Chinh stressed the need to ensure the stability of the macro-economy, markets of different kinds, politics and people’s material and spiritual life, while chairing a regular government meeting on August 3. Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: … [Read more...] about ☕ Afternoon briefing on August 3