Vietnam Insight

Global stocks started the new year in the green. US stocks closed sharply higher on Friday, lifting major equity indices enough to book strong weekly gains after a batch of economic data drove investors to ease expectations of aggressive monetary tightening by the Federal Reserve. US wage growth unexpectedly slowed in December and values from prior months were revised sharply lower.

Domestic stocks recovered cautiously. Nghi Son Refining and Petrochemical Company Limited (NSRP) continued to have technical problems, so it had to temporarily stop the workshop to fix the problem. The government aims to control the average CPI growth rate in 2023 at about 4.5%.

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