The Stock Market: Riding the Wave of Uncertainty

Week 09-13/09 saw a stagnant performance in the stock market. The VN-Index ended the week at 1,251.71 points, with a notable decline in trading liquidity. The average trading value of the HOSE and HNX floors was VND 13.2 trillion, a significant drop from the VND 23.6 trillion recorded in the first six months of the year.

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Don’t try to pull a fast one, or the “check var” crew will be on your case. Illustration: Tuan Tran

by Yen Chi

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The credit market showed signs of recovery in the final month of Q2 2024, with interest income remaining the primary driver of bank profit growth. However, in a macro environment that is yet to fully rebound, the government and the State Bank continue to maintain supportive policies for businesses, and non-performing loans continue to rise.

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Growth in value of digital currency, gold, and stock market

In the past week, assets such as cryptocurrencies, gold, and stocks have all seen an increase. By the morning of December 9th, Bitcoin fluctuated around $44,200, a 14% increase compared to the previous weekend. The VN-Index also saw a total increase of 22.28 points (2.02%), reaching 1,124.44 points. The price of gold has risen to the range of 72-74 million Vietnamese dong per tael.