The slowdown of global economic growth has affected manufacturing activities across industries, including textiles.

Data in the past showed that the market performance in May was not always the worst. In recent years, the “selloff in May” phenomenon seems no longer a significant concern. So, is the fear of May exaggerated?

Modest growth reported by securities firms in the first quarter of 2023 came as no surprise given the dismal market conditions and the high base in the year-ago period.

Many businesses have promised shareholders that share prices may increase by 10 or 100 times, thus bringing high profits. But this has not happened.

Most companies are slowing down their listing plans in the context of unfavourable market movements and poor business performances, with some even withdrawing their listing documents.

Listed companies are entering the peak season when their business results for the first quarter of 2023 will be made public.

The HCM Stock Exchange (HoSE) has sent a document to a series of businesses requesting they delist their shares on the HoSE due to having suffered losses for three consecutive years.

Despite turbulence in the first few months of 2023, the Vietnamese stock market still has opportunities to recover and develop steadily in the future, Pham Hong Son, vice chairman of the State Securities Commission (SSC), said at a press conference.

The Hochiminh Stock Exchange, or HOSE, has released a list of 74 stocks and fund certificates ineligible for margin trading in the second quarter of this year, nine stocks higher than the previous list published at the beginning of this year.

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.

It is believed that the enhancement will help shore up investor confidence in the Vietanmese stock market after recent scandals.

Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates.

Currently, Vietnam's stock market is experiencing a decrease in liquidity, and foreign capital inflows are being viewed as crucial support to help the market recover.

Although 2023 is forecast to be a difficult year, many securities companies still set a target of positive profit growth in 2023, besides some others adopting more prudent plans.

The tourism and entertainment stock group saw a hike after the Chinese Government has decided to add Vietnam into the list of the countries to which China’s group tours can be conducted starting from March 15.

Outstanding business results in 2022 were factors for investors to expect great hopes in seaport stocks in 2023. However, recent statistics show that seaport enterprises are facing turbulent times as demand has fallen all round.

Agribank has announced the auction of five assets which were used as collateral for a loan to HAI Agrochem provided by Agribank Phu Nhuan.

Brokerage revenue fell at most securities companies amid the general market contraction as the total trading size of the whole market shrank.

The market needs a period of accumulation in a narrow range to create a solid foundation before a new uptrend can be created.

The prospect of economic growth and market upgradation is the driving force to attract cash flow into the stock market.