According to the report, the trend of cash flow continuing to pour into the stock market in the second half of 2021 is a big motivation to maintain the growth momentum.
The report forecasts that the number of newly opened accounts entering the market in the whole year of 2021 may increase by 500% compared to 2020 corresponding to more than 1.2 million accounts. VND 10,000 billion in capital increase from securities companies is expected to flow into the market in the second half of 2021
The capital flow of foreign investors returned to be a net buyer of 3,500 billion dong in early July and is forecasted to continue to be a net buyer in the last months of 2021.
In addition, the Government continues to implement policies to support the economy to overcome difficulties caused by the 4th return of the Covid-19 epidemic.
Specifically, the inflation rate in the first 6 months of the year was at 2.4%, lower than the planned level of 4%, opening up room for the Government to continue maintaining loose monetary policies. Recently, the State Bank of Vietnam has increased the credit growth room to 15% and maintained low lending rates to help businesses recover and stabilize production and business.
In addition, the Government also promotes public investment to reach at least 60% of the full year plan in the third quarter, which means nearly 300,000 billion VND will be disbursed in the third quarter of 2021.
Export turnover is expected to grow by 21.7% in the last 6 months and reach 308 billion USD for the whole year thanks to taking advantage of opportunities from world demand and FTA agreements.
Source: vietnamfinance.vn – Translated by fintel.vn