Foreign Sell-Off in the First Two Weeks of June

In the final trading sessions of May, foreign investors consistently sold off their holdings. From May 23rd onwards, foreign investors sold a total of over 3.1 trillion VND in net sales.

In the Mr. Pips case, a male student took the initiative to reach out to Mr. Pips, which ultimately led to his financial downfall. The student was skillfully manipulated into investing in stocks, resulting in a staggering loss of 8 billion VND. Despite the significant loss, the student chose not to report the incident, attributing his misfortune to bad luck.

The VN-Index witnessed a significant rebound, climbing from the 1,200 level on November 19th to reach a high of 1,250 points by the end of the trading day on November 30th.

On November 6, the 47th US Presidential Election saw a victory for billionaire Donald Trump, sparking a surge in the Dow Jones Industrial Average of over 1,500 points. The S&P 500 and Nasdaq Composite also reached new record highs. The VN-Index witnessed a significant boost, climbing 15 points, while gold prices took a downturn. However, in subsequent trading sessions, the VN-Index extended its decline as foreign investors continued their selling spree, and gold prices unexpectedly rebounded.

The leaders of Dat Xanh (DXG) have confirmed plans to cancel all previously signed purchase agreements for the Gem Riverside project and restart the development with new pricing. Affected buyers have two options: they can either receive a refund on their deposit (approximately VND 250 million) with a compensatory interest rate of 10-15% per year, or they can purchase a unit at a new discounted sales price.