Finance

VCN - VN-Index closed the year at 1,007 points. In 2023, to assess the market outlook, we should identify advantages and disadvantages.

In 2023, credit institutions are more cautious with the business situation, and many forecasts raise concerns that profit growth will decelerate.

VCN - According to preliminary statistics, about 20 credit institutions and foreign bank branches have publicly announced credit programs and products with preferential interest rates.

VCN - According to the State Bank of Vietnam, since the beginning of 2022, there have been a total of 340 interest rate hikes globally. But in the first eight months of 2022, the State Bank continued to keep the operating interest rates unchanged.

VCN – Although the stock market in 2023 continues to undergo difficulties, the rising first trading sessions of the year predict that the market will recover.

The relatively low devaluation of the VND against the USD in comparison with that of other currencies in the region shows that the Vietnamese stock market remains an attractive destination for investment flows, as uncertainties persist in most of the global financial market, according to a weekly investment strategy report of the Vietcombank Securities Co., Ltd (VCBS).