Topic: VinaCapital

The industry's growth expected to contribute more than 1 percentage point to GDP growth this year, according to Mr. Michael Kokalari, Chief Economist at VinaCapital.

Deal to provide credit facilities to the Long An Energy Corporation.

This cooperation will provide credit facilities to Long An Energy Corporation Company Limited

Two to work together on real estate projects and other opportunities in Vietnam.

Problems have been mounting over the last year, according to economist’s note from VinaCapital.

$1 million investment in data-driven farm-to-business agricultural technology platform announced.

Mr. Michael Kokalari, Chief Economist at VinaCapital, said the valuations of Vietnamese bank stocks are currently quite low compared to expected earnings growth of at least 30 per cent in 2022 and 20 per cent in 2023. In the long term, the banking sector will continue to be attractive due to high margins, well-controlled asset quality, low mortgage and retail penetration, and rising earnings.

Amid a plunging local stock market and a growing risk of global crisis, a number of foreign funds such as Dragon Capital, VinaCapital, and Dynam Capital have expressed a belief that Vietnam’s economy is superior to others around the world. The Economist magazine has listed countries most at risk from imported inflation and supply chain disruptions, and Vietnam is not among them.

Vietnam’s stock market fell from 1,500 points at the beginning of 2022 to 1,074.52 points on October 6, and foreign capital has continued to be withdrawn. However, VinaCapital analysts still have a positive assessment of the prospects for Vietnamese stocks and believe now is a good time to accumulate stocks.

VinaCapital has made an optimistic forecast about Vietnam’s economic prospects and expects stock prices to increase in the years to come. It said the economies of Vietnam in the 2020s and Japan in the 1970s are remarkably similar, as both countries embarked on increasing global value chains decades later. VinaCapital also believes that FDI in support of the manufacturing sector is a driving force in Vietnam’s economy.