Vietnam’s stock market has rebounded as the number of Covid-19 infections has fallen. From now to the end of the year, the country may receive 80-90 million additional doses of vaccine, increasing the vaccination rate to 50-60 per cent. According to VnDirect, now is the right time to accumulate stocks.
Mr. Michael Kokalari, Chief Economist at VinaCapital, believes that the profits of listed companies will increase sharply next year and recommends that investors not sell shares at this time.
The State Bank of Vietnam (SBV) poured more than VND127 trillion ($5.57 billion) into the banking system in July and August; less than the initial estimate of VND162 trillion ($7.1 billion). The addition of a significant sum has helped with system liquidity.
The International Finance Corporation (IFC), the World Bank (WB), and the Australian Government have worked together to attract investors and diversify capital sources to support the development of Vietnam’s stock market, help enterprises maintain business activities, and push economic growth post-pandemic. Measures focus on addressing barriers to foreign investor access.
The disbursement of State budget capital remained sluggish in the first eight months of 2021 due to localities implementing social distancing measures, with total investment capital from the State budget falling 0.4 per cent year-on-year. In August alone, total investment capital from the State budget was down 7.1 per cent against July and 24.7 per cent year-on-year.