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Update news maybank kim eng
The COVID-19 pandemic is putting severe growth pressure on the economies of Cambodia, Laos, Myanmar and Vietnam (CLMV) and may cause the region's growth to slip to a historical low, according to a Maybank Kim Eng report.
Changes in the global supply chain are taking place due to the virus outbreak, prompting a mounting number of foreign manufacturers to speed up their relocation from China to neighbouring countries including Vietnam.
Domestic stocks managed to recover after three consecutive falling session today, November 12, but still failed to stage a strong rally as foreigners heavily offloaded shares of dairy giant VNM.
The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.
Last year sees strong luxury car sales; Swiss firms invest US$1.94 billion in Vietnam; Foreign textile firms reel out new investments in anticipation of TPP; VSIP looks to expand Quang Ngai investment
Game developers establish federation; Globaltrans Air seeks to operate aviation services; January CPI seen edging down; HCM City exports topped $30b last year; Steel giant reports 27% revenue growth;