Even as the biggest real estate businesses struggle with debts and bankruptcy, banks continue to stay afloat and tackle the bad debt situation over a period of time. This ability of banks helps bank stocks not fall too low, despite overdue payments.
On the afternoon of March 14, many investors were left startled when the State Bank of Vietnam decided to reduce the operating interest rate and the short-term lending interest rate of credit institutions.
Information relating to the loosening of credit room, and commitments from the Ho Chi Minh City (HCMC) People's Committee and other agencies on removing hurdles to transactions have led to experts' positive views on the future of the property market.
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.
Many giants on the stock exchange saw a drastic fall in stock prices in 2022, with losses amounting to more than US$11 billion. This sharp correction of the stock market last year also caused huge losses for several retail investors as well.
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.
Correction of stock market in recent months has caused speculative stocks to plummet. Many investors have moved out of the stock market due to poor speculation and hot stocks introduced by securities with the nickname A7.
The merchandise amount to stabilize the Ho Chi Minh City market during the month of Quy Mao Tet holiday 2023 is estimated to satisfy 25-43 percent of the community’s demands. This is the information delivered by Deputy Director of the HCMC Department of Industry and Trade Le Huynh Minh in yesterday’s October summary meeting for socio-economic-medical tasks in the city.