With the Government’s initiatives to address disappointing GDP growth in the first quarter and the fact that foreign companies’ orders are likely to increase in the second half of the year, the economy is expected to rebound then, Michael Kokalari, chief economist at investment fund VinaCapital, has said.

Many factors are expected to draw cash flow back on the stock market, especially that from foreign investors.

Investment management firm VinaCapital said it expects Vietnam’s economy and stock market to “normalise” this year after the COVID-19 pandemic.

The market's uptrend will continue to be consolidated in the first trading session of the Year of Cat.

After declining in the first two quarters, the VN-Index showed signs of recovery in the first half of the third quarter.

Foreign investors net purchased 14.8 million stocks, worth some VND80 billion during the week from August 8 – 12, showing that the Vietnamese securities market remained attractive to them.

Dr. Nguyen Tri Hieu, financial and banking expert, warned that the increasing tensions between Russia and Ukraine would negatively affect Vietnam’s stock market.

In December 2021, the market benchmark VN-Index could have surpassed 1,498 points if it were not affected by the holiday, Dragon Capital said in a recent report.

The Vietnamese stock market continued to reach another historic record, with the largest number of new accounts opened in December after 21 years of operation.

Market capitalisation on the Ho Chi Minh Stock Exchange (HOSE) rose more than 42% year-on-year to VND5.8 quadrillion (US$254.83 billion) by the end of 2021, accounting for 92.77% of the previous year’s GDP.