With several negative information in the market, the VN-Index continued to decrease by nearly 39 points in the last session of the week on October 7. Market capitalization on the HoSE lost another VND153.5 trillion in the trading session to VND4.12 quadrillion. The VN-Index was in the top five Asian stock indexes with the sharpest drop on October 7.
Although the market capitalization on the Ho Chi Minh Stock Exchange (HoSE) in July 2022 has increased by VND40 trillion (US$1.72 billion) compared to the previous month due to the recovery of the stock market, the market capitalization of the HoSE in the first seven months of 2022 has evaporated VND1.01 quadrillion ($43.43 billion) compared to the end of 2021.
Within the framework of the Fourth Vietnam Economic Forum, at the conference on the development of the capital and real estate market, many opinions said that these two markets have a close relationship and complement each other. Therefore, it is necessary to have the right understanding to have appropriate solutions.
After an explosive year in 2021, Vietnam's stock market had seen wobbly fluctuations in the first weeks of 2022. However, according to experts, when the economy has been reopened; Covid-19 vaccination is widely covered; businesses and the economy have gradually recovered, the stock market is still highly expected.
Vietnam's stock market was quite bearish in the first trading session of the week on January 17. News on the under-the-counter sale of FLC shares and the Thu Thiem land auction scandal continued to affect the whole market negatively.
The year 2021 witnessed many fluctuations in the economy, in general, and the stock market in particular. The Securities Journalists Club held an annual announcement of ten securities events in 2021 on December 28 in Hanoi.
Currently, VN-Index has declined by about 12 percent from the peak of 1,420 points on July 2. However, experts assessed the fluctuations of the stock market in July this year to be short-term. The stock market still has many development opportunities in the long term, continuing to affirm its role as an important capital mobilization channel.
In the past week, after just five trading sessions, the market capitalization of Vietnam’s stock market had vaporized US$26.3 billion with foreign investors net selling nearly VND2.1 trillion ($90.27 million) as investors reacted negatively to the more and more complicated developments of the Covid-19 pandemic.
Vietnam’s stock market plummeted heavily the second day on January 31due to concerns over the current outbreak of novel coronavirus after losing more than 30 points in the first trading session after the lunar New Year.
There are 32 enterprises with market capitalization from US$1 billion upwards listed on two stock exchanges so far, from just one enterprise five years ago.
