Banking & Finance

According to the Viet Dragon Securities Company (VDSC), rising oil prices, VND devaluations, increasing inflation, and falling exports could be major factors in the immediate future and may affect the bond market over the remainder of the year.

The disbursement of public investment capital in Ho Chi Minh City has been very slow. As of August 12, just 29 per cent of the annual plan had been disbursed. Chairman of the city’s People’s Committee Phan Van Mai listed seven solutions in regard to using State budget capital and accessing socialization in the field of infrastructure construction.

The Ministry of Finance has forecast that CPI will increase 3.37-3.87 per cent in 2022; higher than the forecast of 3.4-3.7 per cent from the General Statistics Office. The State Bank of Vietnam, meanwhile, has put inflation in the range of 3.7 per cent, ± 0.3 per cent.

High inventories, inflation, and lower demand in the US will make it more difficult for Vietnam to export seafood to the country over the closing months of this year. The Viet Dragon Securities Company (VDSC) believes the downward trend may put pressure on stock prices in the short term, but a discounted share price could be an opportunity to hold for the long term.

According to Rong Viet Securities (VDSC), there is a lot of data supporting a belief that the average matching transaction value on the VN-Index could reach VND17-19 trillion ($725-810 million) a session, an improvement of at least 20 per cent compared to now. The VN-Index may fluctuate around 1,225 to 1,398 points.

The State Bank of Vietnam has reported that, on average, individuals deposit nearly VND1.8 trillion ($76.92 million) in banks every day. In the first half of the year, nearly VND320 trillion ($13.67 billion) was deposited. The figure is forecast to continue to rise towards the end of the year as deposit interest rates head upwards.