Vietnam Insight

Highlights:

Gross Domestic Product (GDP) in the fourth quarter of 2023 is estimated to increase by 6.72% YoY. GDP for the whole of 2023 is estimated to increase by 5.05% YoY. The industrial and construction sector increased by 3.74%, contributing 28.87%; the services sector increased by 6.82%, contributing 62.29%. For the whole of 2023, CPI increased by 3.25% YoY, meeting the target set by the National Assembly of Vietnam.

Total credit to the economy as of December 21, 2023, increased by 11.09% compared to the end of 2022.

Technical view: On the weekly chart, VNINDEX closed at 1129.9 points (+2.44%) with increased liquidity compared to the previous week, indicating that market sentiment has improved. However, the market has not yet shown a decisive move to break out of the 1130 zone to change the trading structure of sideways for over a month.

Investment Ideas: The appropriate trading strategy will be to trade within the 1080-1130 range. Investors can take part of their profits and buy back later if VNINDEX breaks out of the 1130 zone. Stocks in the securities, banking, and real estate sectors will benefit and be noticed by the flow of money during this period. 

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