HSC CEO: Now a good time to buy stocks
Banking & Finance

HSC CEO: Now a good time to buy stocks

According to Mr. Trinh Hoang Giang, CEO of HSC Securities, Vietnam’s stock market has fallen about 20 per cent and is likely to go down further, but the country’s economy is solid, with GDP growth forecast at 6-7 per cent this year. Now is therefore a good time to buy stocks, he believes.
Banking & Finance

Pyn Elite Fund: Vietnamese stocks extremely cheap

In an update on Vietnam’s stock market outlook, the Pyn Elite Fund said global stocks may go down in the future but Vietnamese stocks, based on current valuations, are extremely cheap. The Finnish fund also expects that Vietnamese stocks will not be overly affected by the conflict in Ukraine or any collapse in the Nasdaq, and forecast income growth of 19-29 per cent this year.
Banking & Finance

State Treasury to pump large volume of VND into market

With its plan to carry out term repurchase agreements of government bonds worth VND74.74 trillion ($3.18 billion) and to buy $200 million worth of foreign currencies, the State Treasury is expected to supply a total of VND78 trillion ($3.38 billion) to the market in the second quarter of this year, contributing to shoring up VND liquidity.