Tag: Joko Widodo

Vietnam's economy and stock market have demonstrated remarkable resilience amidst global volatility. However, the current phase demands investors to exercise greater diligence in stock selection. In terms of attracting foreign investment, half of the necessary conditions have already been met.

Banks and Vin-related stocks, which have been leading the market rally, are now experiencing a slowdown after a period of rapid growth. A cautious sentiment is spreading as numerous stocks lose their short-term momentum, influenced by global market volatility stemming from concerns over U.S. credit quality in the past week.

The VN-Index underwent a significant correction, retesting the critical support zone of 1,700-1,711 points. The Middle line of the Bollinger Bands, positioned closely to this area, is anticipated to provide robust support. Meanwhile, the HNX-Index experienced a modest rebound, continuing its short-term sideways consolidation phase.