This Vietnam inventory market report is a abstract information to the foremost information, efficiency particulars, and dialogue of different elements influencing the Vietnam inventory market in February 2023.
While I’ve taken a little bit of a break from this weblog within the second half of 2022, I figured the under month-to-month format is perhaps a great way sooner or later for myself to remain in control with the newest Vietnam inventory market information.
VIETNAM STOCK MARKET NEWS TODAY FEBRUARY 2023
After a really robust January in Vietnamese shares, fears across the property improvement sector took maintain once more, leading to shares largely reversing all of their sharp January good points. The backdrop of a weaker US inventory market in response to a continued comparatively hawkish Federal Reserve additionally didn’t assist.
Specifically, Vietnam property developer Novaland is dealing with additional liquidity points and wanted to barter a restructuring of its bond fee plan.
VIETNAM STOCK INDEX LEVEL CLOSE FEBRUARY 2023
It has been an especially risky begin to 2023. After 10% good points in January, the VN Index collapsed round 8% over the month of February, to shut at 1,023 factors.
VIETNAM ETF PERFORMANCE COMPARISON FEBRUARY 2023
In USD NAV phrases right here is the efficiency of those US listed Vietnam ETFs – The VanEck Vietnam ETF (VNM) fell 11.6% February, whereas The International X MSCI Vietnam ETF (VNAM) fell 11.8%.
In VND NAV phrases, Vietnam listed ETF The Dragon Capital VFMVN Diamond ETF (FUEVFVND:HOSE) fell 10.4% in February. Refer under for an evidence of all of the Vietnam ETFs on the market.
VIETNAM ETF LIST 2023
Under is an entire updated listing of Vietnam ETFs in 2023.
WTF WITH THE LONG LIST OF VIETNAM ETFs? THE ONE GUIDE YOU NEED HERE – VIETNAM STOCK MARKET (vietnamesestockmarket.com)
VIETNAM STOCK MARKET CHART 12 MONTHS TO FEBRUARY 2023
VIETNAM LATEST ECONOMIC DATA FEBRUARY 2023
The PMI was launched and climbed to 51.2 in February. This offered some reduction because it got here off the again of numbers indicating a decline the earlier three month-to-month readings.
Retail gross sales grew a stable 13%, yoy and the outlook appears to be like wholesome.
Importantly headline inflation eased to 4.3% in February, after the upper 4.9% learn in January.
Indicators Vietnam is susceptible to slowing world progress by means of had been obvious with falls in industrial manufacturing and exports reported throughout the month.
VIETNAM ECONOMIC OUTLOOK 2023
While GDP for Vietnam in 2023 appears to be like very prone to are available decrease than 2022’s spectacular 8% determine, from a inventory market perspective that must be okay.
It’s nonetheless spectacular from a regional and world perspective, and will assist tame bond markets, which for varied causes had been troublesome for Vietnam shares final 12 months.
WHAT IS THE STOCK MARKET FORECAST FOR VIETNAM?
PYN Fund administration are bullish on Vietnam shares for 2023. In a letter from late February, they word that Vietnam shares are lagging peer markets of Indonesia, Thailand, Malaysia and the Philippines by some 30%, when evaluating relative returns over the past 12 months.
This appears at odds with the great earnings progress seen in Vietnam by means of 2022, and stable earnings progress outlook going ahead.
WHAT IS THE P/E RATIO OF THE VIETNAM STOCK MARKET?
In response to Bloomberg, on the time of scripting this February Vietnam inventory market replace, the P/E Ratio of the VN-Index is 13.7 instances.
BEST VIETNAM FUNDS / STOCKBROKER COMMENTS FEBRUARY 2023
A direct quote from Dragon Capital under when it comes to the rate of interest outlook, may very well be encouraging within the context of different locations within the globe seeing inflation peak out a lot increased.
““Rates of interest could stay at their present ranges over the approaching months attributable to stress on the State Financial institution of Vietnam to take care of and even elevate charges according to different main central banks, and the prospect of extra persistent inflation. The CPI for the primary two months of the 12 months elevated 4.6% year-on-year and we imagine this may very well be managed on common round 4.2%-5.0% in 2023.”
WHICH WAS THE BEST STOCK TO BUY FROM VIETNAM JUST BEFORE FEBRUARY 2023?
I deliberate to make use of this heading to debate one of many Vietnam main strikes for the month within the optimistic sense. Nevertheless this report given we had such a pointy fall within the VN-Index for February, it was a wrestle to search out shares in that class!
I assumed I’d point out Airports Company of Vietnam (ACV:HSCT), as on this case the inventory solely fell by lower than 1% for February, lots higher than a lot of the market.
I felt it was value declaring as it’s a related theme to what I noticed in different inventory markets and monetary outcomes. That’s, issues are trying awfully difficult when it comes to client confidence and discretionary retail within the midst of surging value of dwelling together with rate of interest funds for these in debt.
Regardless of this nevertheless, as a result of pent-up demand for journey associated companies, this space doesn’t appear as gloomy for 2023. Airports Company of Vietnam (ACV:HSCT ) will clearly be assisted by a journey rebound, of which I’ll talk about a bit additional in my observations additional down on this put up. Despite the fact that the sector can also be discretionary, the pent-up demand is holding it in good stead in a tricky economic system for the common client.
VIETNAM STOCK MARKET SECTOR COMMENTS FEBRUARY 2023
Given the information cited earlier in relation to points surrounding property developer Novaland, we noticed damaging sentiment spill over to different property builders. For instance, Vinhomes (VHM:HOSE) was particularly hit onerous, falling 19% for the month.
ON THE GROUND NEWS AND THOUGHT SNIPPETS FROM VIETNAM FROM STEVE
I hinted above about tourism maybe being a brighter spot due to pent up journey demand. That’s the sensation I’ve received from my traditional HCMC lodge keep just lately, lodge costs sadly up fairly a bit from mid-way by means of final 12 months!
I additionally discovered an attention-grabbing story noting demand demand from Indian tourists . This stood out to me additionally in HCMC, and looks as if alternative for Vietnam being helped by extra direct air routes between the nations.
I managed to get to Phu Quoc for a break in February and that additionally had vibe. It was an excellent climate time and the second time I’ve been there, I do advocate.
Phu Quoc February 2023
Lastly Vietnam’s openness to international funding has typically been a optimistic development, though there was room for enhancements. It appears as if there was a bottleneck of enterprise purposes, visas / work permits and the like that pissed off candidates final 12 months. This 12 months I hear issues are enhancing, or on the very least makes an attempt are being made to handle such points.
HCMC removes hindrances to work permit issuance for foreigners – VnExpress International
Thanks for studying once more, for the fundamentals on the way to put money into the Vietnam inventory market try the under hyperlink in case you have not achieved so already.
HOW TO INVEST IN THE VIETNAM STOCK MARKET
HOW CAN FOREIGNERS INVEST IN THE VIETNAM STOCK MARKET? – A GUIDE TO ALL OPTIONS – VIETNAM STOCK MARKET (vietnamesestockmarket.com)
Ideas welcome within the feedback space as traditional, good luck for the month forward!
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