Securities in Vietnam’s textile and garment sector increased 111 per cent last year, and the Vietnam Textile and Apparel Association has forecast a positive 2022, with export turnover rising 10 per cent to $43 billion. SSI Research, however, has estimated that most garment manufacturers will see lower gross profit margins compared to 2021 due to high fabric input costs in the first half of the new year.
Mr. Michael Kokalari, Chief Economist at VinaCapital, believes that the profits of listed companies will increase sharply next year and recommends that investors not sell shares at this time.
The trading system at the Ho Chi Minh Stock Exchange (HoSE) has continually encountered “order congestion” since the end of 2020 as liquidity rises sharply. The Ministry of Finance (MoF) has requested an increase in the trading lot size to a minimum of ten shares and support for businesses to switch listings from the Hanoi Stock Exchange (HNX) to HoSE.
