Viet Nams stock market
Vietnam’s stock market is expected to continue to grow, helped by strong economic growth and increasing local liquidity. The positive outlook will attract foreign investors back to the market, according to HSBC.
Vietnam’s stock market recorded strong fluctuations last week, but the VN-Index still gained overall.
Social distancing and strict control at hospitals, and an economic recession due to COVID-19, resulted in lower sales of both prescription and non-prescription drugs. However, many companies still witnessed outstanding performance.
Vietnam’s stock market suffered its sharpest drop in history on January 28 as a result of panic selling after new community transmissions of the coronavirus were reported.
Vietnam’s stock market has posted record highs as the Government’s stimulus measures and good control of the coronavirus outbreak are turbo-charging the country’s economic recovery from the pandemic, according to insiders.
Vietnam’s stock market is expected to lure more foreign capital in 2020, according to brokerages.