The Hanoitimes – The daily turnover in Vietnam's stock market has been extremely high for the last several months, said the head of independent Finish fund manager Pyn Elite Fund. Vietnamese listed companies' first quarter earnings reports in April will indicate strong earnings growth for many businesses in the year 2021. Petri Derying, portfolio manager of Finland-based Pyn Elite Fund. Source: arvopaperi.fi Petri Derying, portfolio manager of Finland-based Pyn Elite Fund, wrote in a note, discussing the prospect of Vietnam's economy this year. "Covid crisis is still slowing down many economies, but it is likely, that in the year 2021 we will see strong growth globally due to last year's poor numbers," said Derying. According to Derying, there is already evidence of the robust growth in Vietnam's exports in the first six weeks of the year with a turnover of US$38.57 billion, up 36% year-on-year. "These numbers indicate very strong growth for the whole year, while the strongest growth was in exports to China," he said. Meanwhile, the daily turnover in Vietnam's stock market has been extremely high for several months already, Derying added. "The turnover and the spike we've seen in VN-index are thanks to the local investors," he stated,… Read full this story
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