In our bi-weekly piece from Michael Kokalari, Chief Economist of VinaCapital, we discuss the development of the transportation network and increase in power generation capabilities in Vietnam. These are two key themes of infrastructure development in Vietnam and are critical to maintaining the robust GDP growth and continued FDI into large scale projects. As you will see, plans for developing both areas are well underway with continued investment and interest from both government and private capital.
Vietnamese Banks’ Blowout Earnings and Capital Raising Plans are Lifting the VN-Index to New Record Highs
As you have likely noticed, the VN Index continues to move higher, which is perhaps surprising given that Vietnam is dealing with a new Covid Fourth Wave. One of the key drivers of the market’s performance is the strength of the banking sector, which is the largest sector in the VN Index. In our bi-weekly piece from Chief Economist Michael Kokalari, we highlight why the banks have performed well over the past 12 months and why we are confident the banks can continue to perform well in the future.
In our bi-weekly piece, Michael Kokalari, VinaCapital’s Chief Economist, focuses on the rise in several commodity prices, the impact on key sectors and how top companies in Vietnam are managing the higher input prices.
In today’s insight from Michael Kokalari, Chief Economist of VinaCapital, we highlight the United States’ decision to remove Vietnam from its list of currency manipulators and explore the similarities between Vietnam in 2021 and China of the early 2000’s. There are many similarities which lead us to conclude that the next move for the VND will be to strengthen.
In today’s insight from VinaCapital’s Chief Economist, Michael Kokalari, we dive deeper into the data behind Vietnam’s Q1 GDP growth and their impact on the stock market. The economy continues to expand and the 6.5% GDP growth target for 2021 looks very achievable. Additionally, we expect corporate earnings to grow and push the Vietnam stock market higher.