HSBC positive about stock market

Though Vietnam’s stock market has recently seen a decline in share prices of around 10 per cent, HSBC’s Global Economic Research Report states that now is not the time to sell as “the profit is still there.” Notably, the average daily trading value in 2020 was $430 million, a record high, then in May 2021 passed $1 billion. The number of new investors also rose, with about 500,000 new accounts opened in the first five months of the year, up 22 per cent year-on-year. Vietnam’s main drivers are its status as a new emerging market and high market liquidity. Other supporting factors include effective measures to control the Covid-19 pandemic and loosen monetary policies.