Vietnam Economy Economist: VN-Index does not reflect the economy By Ngoc Tran Tuesday, Jan 19, 2021,15:26 (GMT+7) Economist: VN-Index does not reflect the economyBy Ngoc Tran Nguyen Tri Hieu, an economist – PHOTO: NGOC TRAN By the end of last week (January 15, 2021), the stock market in Vietnam was still in growth territory with the benchmark VN-Index ending at 1,194.2 points and the HNX-Index at 225.27. The Saigon Times spoke with economist Nguyen Tri Hieu to get his insight into what is in store for the stock exchanges in Vietnam. Excerpts: The Saigon Times: What do you think the growth of the stock exchanges reflects? – Nguyen Tri Hieu: Vietnam’s economy follows a K shape, with one branch going upward and the other going downward. This has also been the development pattern of many countries since the Covid-19 outbreak last year. Many firms on the market here which operate with good results belong to the branch that is going up. They enjoy financial health, have liquidity and are very active, as we have recently seen. These also include companies specializing in agriculture, but export-oriented companies, such as rice and some other agricultural products exporting to the United States as well as to the… Read full this story
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