Securities companies predict rosy prospects for Vietnam’s stock market
(VOVWORLD) -The VN-Index could soar above the 1,000-point threshold thanks to positive macro-indicators and continued foreign investment, say securities companies.
 A statue of a bull stands at the entrance of the Hanoi Stock Exchange. (Photo by AFP) |
VinaCapital fund and Vietcombank Securities said the stock market could surge 10 percent next year while Finland-based PYN Elite Fund, predicts the VN-Index would reach 1,800 points in the next two or three years from more than 960 points at the end of 2019.
According to most reports, index growth will be underpinned by stable macro-indicators, with GDP growth of 7.02 percent in 2019, inflation controlled below the government’s 4 percent target, and rising household consumption. The US-China trade war has also brought a new wave of foreign direct investment, accelerating the pace of manufacturing sector expansion.