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Vietnamese Stock Market Recovers, VN-Index Aims for 1,260 Points

2024-07-29 02:13:26.287000

The Vietnamese stock market experienced a recovery after three consecutive weeks of declines. The VN-Index closed the week at 1,242.11 points on the Ho Chi Minh Stock Exchange (HoSE) and the HNX-Index ended at 236.66 points on the Hanoi Stock Exchange (HNX). Both indices recorded weekly declines, with the former decreasing by 1.79% and the latter by 1.6%. Despite the declines, foreign investors returned to net buying after several weeks of net selling. Positive assessments of Vietnam's economic outlook, based on strong GDP growth in Q2 and gains in exports and foreign direct investment, have contributed to the recovery. The market is expected to accumulate and recover further, with the VN-Index aiming to reach 1,260 points in the coming week [156364a7].

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