Vietnam Insight

Key Highlights:

The State Bank withdrew VND 90,000 billion through the bill channel. After the T-bill auction, interbank interest rates have not changed significantly. VND overnight interest rate is still low (0.16%)

Technical view: This week, VNINDEX closed the week at 1,154.15 (-38.9 points, -3.26%). This is the third consecutive week of decline after the market reached the resistance level of 1250 corresponding to MA 50 on the weekly chart.

Investment Ideas: The market correction will create many opportunities for long-term investors to accumulate stocks with good fundamentals. The new buying point will be safer when the stock price shows signs of increasing from the base after a few accumulation sessions. We assess that the industrial park real estate industry, banking and export-related industries such as seafood, interior materials, etc. will benefit when year-end demand in developed countries increases.

• Movement of cash flows and capital flows
• Top stocks worth noting
• Macro data