Daily/Weekly Report

Stocks posted gains in response to World Bank's rosy forecast about the recovery of Vietnam economy, which was ravaged by storms in the Central region but still managed to bring the IIP back close to the pre-COVID levels.

Stocks ended higher after Ministers from RCEP countries decided to sign a trade agreement at the next summit on November 15, 2020

The VNIndex rallied since the National Assembly approved the 2021E economic guidance indicating an GDP increase of 6%, GDP per capita of USD3,700 and CPI growth rate of 4%.

Stocks moved sideways as investors were cautious that the COVID-19 vaccine would not be available for mass production soon, while central banks might use less stimulus policies after the vaccine news

Vietnamese and global stocks cheered Joe Biden on his victory over Donald Trump in the US presidential election

Stocks traded higher after the Minister of Planning and Investment voiced its confidence that Vietnam GDP would reach 6% in 2021E

Increasing bad debts revealed in banks' 3Q statements led the VNIndex lower. VietinBank (CTG, -1.1%) & Bank for Investment and Development (BID, -1.8%) were the two noticeable laggards in the industry

Vietnam emulated Asian markets recoveries as investors are longing for a convincing US election result

The VNIndex closed higher today, powered by October positive macro data with PMI reaching 51.8 points and IIP up 5.4% YoY

Stocks rallied on improved manufacturing health, reflected through domestic October PMI of 51.8 points (the second consecutive month above the 50-point threshold) announced by IHS Markit