On 27 June 2022 – VinaCapital Ventures, the technology investment platform of VinaCapital Group, announce that it has taken a stake in M3TA, a Web3 data analytics company that seeks to empower businesses in Web3 with the power of data.
Vietnam, like most countries, has experienced a stock market selloff due to the recent US Federal Reserve’s increase in interest rates, on top of existing inflationary and supply chain concerns. However, Vietnam’s economy and GDP is 2/3 driven by domestic consumption and the economy remains vibrant, with GDP growth expectations of 6.5%. In today’s Insight, our Chief Economist Michael Kokalari, explains how the Vietnam Government’s policies over the past decade have sheltered the country from the global economic storms, particularly monetary tightening policies.
Since our last Insights piece, the sentiment in Vietnam has improved considerably. The VN-Index has bounced back by 12% since hitting a bottom on May 16th, driven by a modest thawing of recent bearish sentiment in global stock markets combined with positive developments in Vietnam. In today’s Insight, Chief Economist Michael Kokalari explains why this rebound should set the stage for further gains the second half of 2022.
With the VN Index falling to 1,172 (as of May 16th 2022) from 1,459 a month ago, many clients have asked for insights into the recent sell-off of Vietnam’s stock market. In this issue of our bi-weekly newsletter, Chief Economist Michael Kokalari provides on-the-ground insights into the market sell-off, and explains why the current negative sentiment has more to do with the volatility in global markets, than Vietnam specific risks.