In the context of the lack of supportive information in the domestic market, bad news from the global stock market gave the final blow to the VN-Index, causing Vietnam’s benchmark to make the worst nosedive in history.
Vietnamese shares plunged on Friday as the spread of the Omicron coronavirus variant dampened investor sentiment, triggering worries about hits to a nascent economic recovery.
Despite the complicated developments of the Covid-19 pandemic, after surpassing the historic peak in April this year, Vietnam's stock market continued to conquer new heights in both the index and liquidity in May. Vietnam’s stock market continuously set many records by attracting a large amount of money.
Vietnam’s stock market increased by nearly 10 points in the trading session on December 9, thanks to the rally of banking and large-cap stocks, including VCB, BID, VIC, TCB, NVL, VCG, VCS, and TDH.
The Office of the Ministry of Agriculture and Rural Development on December 7 said that the export turnover of agricultural, forestry, and aquatic products in the first 11 months reached US$37.42 billion, up 2.4 percent over the same period last year, and the trade surplus hit nearly $9.36 billion, up 10.9 percent.
The VN-Index officially exceeded 1,000 points in the trading session on November 26, as the strong cash flow continued to pour into the market, pushing banking stocks up robustly.
The global gold prices continued to decline further, dragging the price of gold in Vietnam to plummet by more than VND1 million per tael compared to the late afternoon of the previous day on November 25, falling off the VND55-million-per-tael mark.
Although the Covid-19 pandemic still negatively affected Vietnam’s stock market, as well as many countries around the world, Vietnam's stock market is recovering with good liquidity, showing that many positive factors have appeared.
After plummeting sharply in many trading sessions last week due to negative impacts as the Covid-19 pandemic recurred in Vietnam, Vietnam’s stock market was vibrant again in the first trading session of August as several stocks in the fields of steel, banking, and securities rallied robustly.
The price of gold in Vietnam rocketed to an all-time high of above VND58 million per tael on July 28 due to the rising momentum in the global gold price.
The global gold price hit the highest level in history, prompting the price of gold in Vietnam to surge by nearly VND2 million per tael to near VND57 million per tael on July 27.
