Vietnam s stocks to witness another price hike wave vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
Vietnam’s benchmark VN-Index rebounded by 0.26% on December 8 to close the final trading session of the week at 1,124.44 points after losing 0.44% a day earlier.
Vietnamese USD billionaires saw their value fall sharply in 2022 because of decreased stock prices. Vingroup’s Pham Nhat Vuong lost US$2.1 billion, while Bui Thanh Nhon was excluded from Forbes’ list of billionaires.
The stock market boards have been covered with red amid investors’ rising caution. There are few buyers, while selling pressure still exists. Foreign investors’ behavior has affected the market.
The expected dominance of foreign retailers in the Vietnamese market has not occurred. Many foreign giants have left and Vietnamese retailers are controlling the market.