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VNDIRECT’S 2022 BUSINESS STRATEGY 3 1 Opportunities and Challenges At the beginning of 2022, analysists expected a bright future for the Vietnamese stock market in 2022 With the successful tight contr.
Chapter : VNDIRECT’S 2022 BUSINESS STRATEGY 3.1 Opportunities and Challenges: At the beginning of 2022, analysists expected a bright future for the Vietnamese stock market in 2022 With the successful tight control over inflation rate in Vietnam, - year interest rate in Vietnam was expected to remain fairly low and stable at the figure around 5.6% This number is much lower than the average number of 6.5% in the pre pandemic period, making investors looking for other investing channels to raise their expected profit, one of which is the promising stock market New financial products are forecasted to be launched once the new trading securities trading system is put to use, such as allowing odd lotters to trade in HOSE, daily stock transaction, e.t.c This shall encourage the participation of individual customers, continue to raise the liquidity of the market in 2022 However, as reality shows for the first three quarters of 2022, the outcome of the stock market has not been the brightest The pressure of international inflation and FED raising its interest rate for the fifth time and raising by 0.75 percentage point continuously for the third time in 2022, even though has not affected severely to the domestic inflation rate of Vietnam, has created a scared mentality in individual investors, making VN - Index plummeted from around 1,500 points to 1,035.91 points on October 7, 2022, and is expected to continue to drop to 900 points Moreover, scandals regarding issuing corporate bonds for unauthorized purposes of corporate giants, such as Tan Hoang Minh Group (2021) and Van Thinh Phat Group (2022), has made the authorities tighten the regulations regarding the issuance of corporate bonds Bond investors are also legally regulated tighter than before as new requirements launched regarding the qualifications for becoming professional investors