Vietnam Index (HD9:SGX) Trending Higher
The Vietnamese economy has faced significant challenges since late 2021, mainly due to the slowdown in global trade volumes and high inflation rates.
However, with inflation gradually easing, Prime Minister Pham Minh Chinh has signaled his intention to introduce growth-boosting policies. The Vietnam index has also shown promising signs, having exited its previous downtrend channel and now seemingly consolidating. Given the current momentum, we expect the index to revisit its recent high of 1,120, and potentially surge towards the 1,200 mark if this positive trend persists.