Vietnam Insight

Last week, the Vietnam stock market continued to be dropped strongly with many sectors in the red. The reason comes from the Fed rate hike faster than expected when US inflation rose to the highest level in 40 years. Along with that, investors were still concerned about the stock market being affected by the government's tightening of the bonds market, especially bond-related real estate. At the end of the week, the VN Index plunged 23.44 points, equivalent to 1.58%, and stopped at 1458.46 points. Meanwhile, the HNX Index dropped 15.31 points to 416.71 and UPCOM decreased 1.48 points to 112.36 points.