Vietnam Insight

Global stocks rallied but diverged. The Dow Jones Index lost almost 400 points on Tuesday, dragged by the financial sector, as investors digested a slew of earnings reports while reassessing the growth outlook. WTI crude futures rose more than 2% to above $81 per barrel, closing in on its highest level since early December, underpinned by hopes of a recovery in global demand. In its latest monthly report, OPEC sounded upbeat regarding the outlook for 2023, saying that demand for crude will rise by 2.22 million barrels per day (bpd), or 2.2%.

Domestic stocks prospered, green prevailed. The Standing Committee of the National Assembly decided to convene the third extraordinary session of the 15th National Assembly to consider the content of personnel work within the competence of the National Assembly.

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