Vietnam's economic growth is forecast to reach 5.5 - 6%. Market 5/26

Vietnam's economic growth is forecast to reach 5.5 - 6%. Market 5/26

 Vietnam's economic growth is forecast to reach 5.5 - 6%. Market 5/26

Vietnam's economic growth is forecasted to reach 5.5 - 6%, 16 ETFs report losses in Vietnam and the Ministry of Industry and Trade extends the investigation against tax evasion with cane sugar. 

The Vietnam market today will have new news with the following content.

1. Vietnam's economic growth is forecasted to reach 5.5 - 6%
The comment was published in the recent report of the Asian Development Bank (ADB) and BIDV Training and Research Institute (HM:BID).

Experts believe that in the context of the global economic and geopolitical risks, the contraction of fiscal and monetary policies of many major economies slows down global growth.


In Vietnam, the economy is recovering quite quickly thanks to the Government's timely change in the appropriate epidemic prevention and control strategy, and accelerated the implementation of the socio-economic development and recovery program. Credit growth is expected to reach 14 - 15%.

Experts also expect the financial market to benefit from this recovery, but there are also downside correction steps along with the general momentum of world stocks. However, along with the impact of the Government's policies and corrective measures, the market is expected to develop stably, healthily and sustainably in the coming time.


2. 16 ETFs reporting losses in Vietnam
Data from Lumen Vietnam Fund shows that, as of mid-May 2022, at least 16 ETFs are losing money in the Vietnamese stock market. VanEck Vietnam ETF is the fund with the largest negative performance among the list of 16 ETFs reporting losses in the Vietnamese stock market. From the beginning of the year to the middle of May 2022, the performance of VanEck Vietnam ETF was negative 28.1%, nearly double the decrease of the VN-Index since the beginning of the year, which has decreased by 15-16% since the beginning of the year. DCVFMVN Diamond ETF is the fund with the lowest negative performance with negative 8%.


According to the assessment of Lumen Vietnam Fund, the market is currently waiting for a positive signal to recover and this recovery will be slower and healthier than previous declines because it is supported by businesses. have a good, quality foundation. "This is a great time for long-term investors to buy," emphasized Lumen Vietnam Fund. Vietnamese regulators are prioritizing solutions to stabilize and develop the stock market. In the immediate future, the State Securities Commission requires HOSE and HNX to continue to publish trading data of securities companies.


3. The Ministry of Industry and Trade extends the investigation against tax evasion with cane sugar
The Ministry of Industry and Trade has issued Decision No.943/QD-BCT to extend the time limit for investigating the application of anti-circumvention measures against some cane sugar products for another 2 months. Accordingly, the deadline for the investigation of the case is July 21, 2022.

On September 21, 2021, the Ministry issued Decision No. 2171/QD-BCT on investigating the application of anti-circumvention measures against trade remedies for cane sugar products of alleged Thai origin. evade through 05 ASEAN countries including: Laos, Cambodia, Indonesia, Malaysia and Myanmar. The reason comes from the sudden increase in import volume from these countries after the Ministry of Industry and Trade issued Decision No. 578/QD-BCT applying anti-dumping and anti-subsidy measures officially to some products. Cane sugar imported into Vietnam originates from Thailand.


The latest data from the General Department of Customs shows that in the first quarter of 2022, sugar imported from ASEAN countries (Cambodia, Laos, Malaysia, Indonesia, Myanmar) into Vietnam has increased significantly over the same period last year. prior to.

 Specifically, in the first quarter of 2022, there was an unusual phenomenon when sugar imports spiked (an increase from 187,251 tons in 2021 to 391,468 tons in 2022, an increase of 209%), from ASEAN countries with high production levels. equivalent or lower road to Vietnam. The above imports are all using the ATIGA Agreement to enjoy the preferential tax rate of 5%. The latest data from the General 


Department of Customs shows that, in the first quarter of 2022, sugar imports from ASEAN countries have been recorded. (Cambodia, Laos, Malaysia, Indonesia, Myanmar) into Vietnam has increased significantly over the same period last year. Specifically, in the first quarter of 2022, there was an unusual phenomenon when sugar imports spiked (an increase from 187,251 tons in 2021 to 391,468 tons in 2022, an increase of 209%), from ASEAN countries with high production levels. equivalent or lower road to Vietnam. The above imports are all using the ATIGA Agreement to enjoy the preferential tax rate of 5%.


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