Despite investor fears, the stock market has seen an increase of approximately 1.1 percentage points in the VN Index in May. Although, it is the influx of short-term capital that has been driving the markets during this subdued phase.
The market liquidity is increasing significantly, but many stocks across sectors like banking, securities, and real estate have faced considerable declines due to profit-taking pressure from investors.
The Hanoi People's Court delivered a verdict against eight defendants in the case of "Stock market manipulation" that had taken place at Louis Holdings Joint Stock Company and Tri Viet Securities Joint Stock Company.
The State Securities Commission of Vietnam and the Japan International Cooperation Agency today co-organised a workshop to end a four-year project on capacity building for the improvement of the Vietnamese stock market’s fairness and transparency.
When the US Federal Reserve (FED) recently raised the interest rate, the stock market reacted positively, unlike in 2022 the continuous raising of the interest rate by the FED had caused panic across markets.
All forecasts for 2023 indicate that the stock market will continue to be inundated with uncertainties, challenges, and many unprecedented risks due to rising global inflation and a substantially reduced amount of leverage from corporate bonds.
From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.
Although the VN Index has returned to an attractive level compared to previous sessions, issues such as low-levels of liquidity and corporate bonds risks still need to be resolved for the market to once again gain momentum.