International capital heads for Vietnam, stocks prosper

Foreign capital continues to pour into Vietnam, bringing benefits to industrial property developers and the stock market.

International capital heads for Vietnam, stocks prosper

Illustrative image

The stock market has witnessed strong liquidity in the last consecutive trading sessions. Capital continues flowing into the market, though listed companies have reported unsatisfactory business results because of Covid-19.

Some positive information about the US finance market could help US President Donald Trump gain some advantage in the race to the White House. This has prompted investors to bet on the possibility of the US-China trade war lasting longer.

In Vietnam, cash flow continues to pour into industrial real estate shares. Investors believe that FDI to Vietnam will soar in the time to come as multinationals try to diversify their supply chains.

Once foreign investors leave China for Vietnam and set up factories here, the demand for land and workshops in IZs will increase, which will bring benefits to IZ developers.

On the morning of August 28, LHG shares of Long Hau JSC continued an upward trend, increasing by another 5.9 percent to VND30,300 per share after rising by 7 percent for each previous session.

Analysts said though Vietnam has to compete with other regional countries in attracting FDI, the future for IZ developers is still bright, especially ones with large land funds, including rubber companies.

As such, LHG price has increased threefold since early April, from VND10,000 per share to VND30,000 per share.

 

SIP shares of Saigon Investment JSC also saw price increase of 2.4 percent to VND95,000 per share after increasing by 3.7 percent the last session. Meanwhile, it was traded at VND60,000 per share only in March.

Itaco, owned by Dang Thi Hoang Yen and Dang Thanh Tam, two well known businesspeople, also saw the price double from VND2,000 to VND4,570 per share.

Analysts said though Vietnam has to compete with other regional countries in attracting FDI, the future for IZ developers is still bright, especially ones with large land funds, including rubber companies.

In the long term, Vietnam is believed to be a potential market and attractive destination for foreign investors thanks to its high population, geographical position in the region, and advantages in maritime transport.

The Q2 finance reports of industrial real estate firms showed big profits. SIP reported that post-tax profit increased by eight times compared with Q1 to VND371 billion. Meanwhile, profit made by Sonadezi increased by 52 percent.

The VN Index on August 28 surged to the 880 point threshold thanks to the strong rise of some bluechips. MWG shares of The Gioi Di Dong saw the price increase by VND3,800 per share to VND92,700, and Masan shares by VND1,500 to VND55,100.

Mirae Asset predicted that the VN Index may regain the 900 point threshold by the end of 2020, as Vietnam is benefiting from global supply chain restructuring. 

V. Ha

Will the VN Index recover after Covid-19?

Will the VN Index recover after Covid-19?

Experts all think the appearance of a new cash flow for bottom fishing will help the stock market recover after a strong correction during Covid-19.

VN Index falls amid Covid-19 fears

VN Index falls amid Covid-19 fears

Securities companies have launched many support packages and incentives to retain investors while waiting for state management agencies to apply measures to revive the stock market.

 
 

Other News

.
Retail revenue likely up 3-4% by year-end, compared to 2020
Retail revenue likely up 3-4% by year-end, compared to 2020
BUSINESSicon  16/11/2021 

Thanks to an expected upturn in retail demand between now and the end of the year, the total revenue for 2021 is expected to have grown by three to four per cent, when compared with the previous year. 

Several listed foreign firms report lower profits and losses in 2020
Several listed foreign firms report lower profits and losses in 2020
BUSINESSicon  16/11/2021 

The majority of foreign-invested enterprises listed on Vietnam's stock market either posted lower after-tax profits or losses in 2020 due to the impact of the COVID-19.

Vietnam Airlines’s additional shares to be officially traded from Nov. 19
Vietnam Airlines’s additional shares to be officially traded from Nov. 19
BUSINESSicon  15/11/2021 

The Ho Chi Minh Stock Exchange (HoSE) has announced the additional listing of nearly 800 million shares of Vietnam Airlines Corporation, coded HVN, from November 15.

E-commerce promotes Vietnam's digital economy
E-commerce promotes Vietnam's digital economy
BUSINESSicon  16/11/2021 

While tourism has been hit hard by Covid-19, e-commerce has become the driving force for the digital economy in Vietnam this year.

HCM City distribution chains ensure food supply
HCM City distribution chains ensure food supply
BUSINESSicon  16/11/2021 

Nearly 1,600 workers at a supermarket chain tested positive for coronavirus when the fourth Covid wave in HCM City reached its peak over the summer. One of them died.

Farm exports to EU must follow food hygiene requirements: experts
Farm exports to EU must follow food hygiene requirements: experts
BUSINESSicon  16/11/2021 

After one year of EVFTA (EU-Vietnam Free Trade Agreement) implementation, Vietnam’s farm exports to the EU have increased sharply.

Four ‘economic commanders’ at NA forum share their vision about stimulus package
Four ‘economic commanders’ at NA forum share their vision about stimulus package
FEATUREicon  15/11/2021 

All four ministers of economy-related fields were asked to answer inquiries at the last National Assembly session, a rare occurrence in Vietnam.

Railway goods transport between Vietnam, China surges
Railway goods transport between Vietnam, China surges
BUSINESSicon  15/11/2021 

The total volume of goods traded between Vietnam and China going through the two border-gate railway stations of Lao Cai and Dong Dang reached more than 838,000 tonnes in the first nine months of 2021, up 43 percent year-on-year.

2021's profit outlook mostly reflected in stock prices: FiinGroup
2021's profit outlook mostly reflected in stock prices: FiinGroup
BUSINESSicon  15/11/2021 

The Vietnamese stock market’s valuation is equivalent to 18.2 times 2021’s profit and 14.3 times 2022’s profit forecast, said Fiin Trade, showing that the profit prospects for 2021 are reflected in share prices.

VN's growth and recovery require strong public investment: economists
VN's growth and recovery require strong public investment: economists
BUSINESSicon  15/11/2021 

Financing public investment to generate future growth and to speed up economic recovery post-COVID-19 remained Vietnam's most important challenge in the near future, said economists and policymakers. 

VIETNAM BUSINESS NEWS NOVEMBER 15
VIETNAM BUSINESS NEWS NOVEMBER 15
BUSINESSicon  15/11/2021 

More effective use of trade remedy tools needed when joining FTA: experts

Nursing home market nascent in Vietnam: Savills
Nursing home market nascent in Vietnam: Savills
BUSINESSicon  15/11/2021 

Demand for “housing with care” – a range of residential formats (which often provide care services) for older people – is increasing, but the market remains almost untouched in Vietnam, according to property consultancy Savills Vietnam.

Online shopping in VN to soar by year-end
Online shopping in VN to soar by year-end
BUSINESSicon  15/11/2021 

 Online shopping in Vietnam is expected to increase sharply near the end of the year. 

Market looks for new sources of goods as divestment from state enterprises proceeds
Market looks for new sources of goods as divestment from state enterprises proceeds
FEATUREicon  16/11/2021 

The situation changed in a positive direction when the stock market and and stock prices went up. This will enable divestment from SOEs and the equitization process to take place more easily.

Huge cash flow continues in Vietnam
Huge cash flow continues in Vietnam
FEATUREicon  15/11/2021 

Foreign capital flows are not only poured into Vietnam through FDI projects but also through buying shares in leading companies in the country.

Leeway for economic recovery, development
Leeway for economic recovery, development
BUSINESSicon  14/11/2021 

Government agencies are discussing how to launch a sufficiently large stimulus package to help the economy recover and develop after Covid-19. In the current context, is there room for this policy?

Norway to partner with Vietnam to "awaken" offshore wind power potential
Norway to partner with Vietnam to "awaken" offshore wind power potential
BUSINESSicon  14/11/2021 

Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the 'Vietnam Supply Chain Study Report' to Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

VN Rubber Association promoting certification grant toward building brand name
VN Rubber Association promoting certification grant toward building brand name
BUSINESSicon  14/11/2021 

To ensure the quality of rubber, a representative of the Vietnam Rubber Association said that it is promoting the grant of the certification Vietnam Rubber.

VIETNAM BUSINESS NEWS NOVEMBER 14
VIETNAM BUSINESS NEWS NOVEMBER 14
BUSINESSicon  14/11/2021 

Transport Ministry unveils prioritised waterway projects in 10 years

HCMC continues delaying seaport fee collection until April 2022
HCMC continues delaying seaport fee collection until April 2022
BUSINESSicon  13/11/2021 

HCM City will continue to extend the due date of collecting fees for using seaports and sea border gates infrastructure works in the city until April 1, 2022.

 
 
 
Leave your comment on an article

OR QUICK LOGIN