According to experts speaking on Sunday at the 2022 Vietnam Economic Forum, the current severe stock market downturn is a temporary occurrence that can be strengthened.

“Although I believe that the dramatic decline in Vietnam’s market is just temporary, investors should remain calm and optimistic. The market will eventually stabilize “Don Lam, a VinaCapital co-founder and general manager, stated.

With each session exceeding VND16,000 billion ($689.65 million) the previous week, liquidity on the HCMC stock exchange greatly increased, but it abruptly lost its recovery momentum in the Friday session, when the day’s trading volume fell to less than VND13,000 billion ($560.34 million).

Other experts at the HCMC-hosted discussion concurred that a variety of internal and foreign reasons, including the uncertain global economy due to inflation, the Ukraine crisis, and the U.S. interest rate hike, were having an impact on the market.

A few recent stock manipulation-related occurrences domestically also had an impact on the market.

Don Lam declared this after returning from a business trip abroad: “Foreign investors are particularly interested in the Vietnamese market.” He suggested that steps should be made to elevate the stock market’s status from marginal to emerging in order to recover, stabilize, and draw inflows of foreign capital.

Other experts at the HCMC-hosted discussion concurred that a variety of internal and foreign reasons, including the uncertain global economy due to inflation, the Ukraine crisis, and the U.S. interest rate hike, were having an impact on the market.

A few recent stock manipulation-related occurrences domestically also had an impact on the market.

Don Lam declared this after returning from a business trip abroad: “Foreign investors are particularly interested in the Vietnamese market.” He suggested that steps should be made to elevate the stock market’s status from marginal to emerging in order to recover, stabilize, and draw inflows of foreign capital.

Source: VnExpress