Stock market continues to grow

What do you think about the growth of the Vietnamese stock market in 2017? The Vietnamese stock market had a very impressive year when the VN-Index increased by about 40 percent. Some large companies with capitalization of US$1 billion or more, such as VP Bank, Vincom Retail and Petrolimex were listed, providing additional options for investors. Foreign investors poured more than US$1 billion in the Vietnamese stock market in 2017. The highlight of the market in 2017 was that the State Capital Investment Corporation (SCIC) sold 3.3 percent of its shares of Vinamilk to Jardine Cycle & Carrirage at a price, which was 20 percent higher than the market price. It contributed to increasing Vinamilk’s stock price and elevating the Vietnamese stock market. The growth of the Vietnamese stock market in 2017 was considered unsustainable as prices of some blue chip stocks were pushed up. What do you think about this idea? This is normal in many stock markets around the world. There will be times when the majority of stocks or only a group of blue chip stocks will increase its prices. In the US market, shares of major technology groups such as Facebook, Amazon, Apple, Netflix and Google have made big contributions to the growth of the market. In general, if the company works well with steady profit growth and reasonable valuation, an increase in its stock price will be normal. However, the tastes of investors can change from time to time. They may prefer the blue chip… [Read full story]

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