Cash flow continued to pour massively into the market, with a significant portion being directed toward securities stocks. As a result, many stocks experienced substantial gains, contributing to the VN-Index surpassing the 1,090-point mark.
Since February, domestic stocks have been almost flat, while the US Dow Jones is back near historic heights. Both domestic and foreign stock markets have had a positive start in 2023, but expectations for the rest of 2023 are much awaited.
The Government is focused on removing difficulties and obstacles for the capital market in 2023. It wants to remove obstacles in cash flow, support businesses, and improve competitiveness to boost the economy.
The Ho Chi Minh City Real Estate Association (HoREA) recently submitted a written proposal to the Ministry of Finance for submitting to the Government for further consideration and amendment of Decree 65/2022/ND-CP.
Many enterprises in Vietnam are currently facing several difficult challenges in running their operations and these ongoing obstacles are very likely to have a serious effect on their resilience in the long run.
Bank stocks are sold out strongly, despite good business results, due to pressure of corporate bonds nearing maturity. Many stocks even fell to the lowest range in last two years as investors feared cash flow risks.
The US-China tensions involving Pelosi's upcoming visit to Taiwan made investors nervous and increased selling. However, the VN-Index still closed the trading session on August 2 with an increase of more than 10 points as the cash flow continued to pour into the stock market.