|VIR's webinar pinpoints opportunities in the stock markets for H2 2021 |
Addressing the webinar, Le Trong Minh, VIR's editor-in-chief said, "On this day 21 years ago, the Vietnamese stock market opened its first trading session. Since then it has faced down many challenges, one of the most remarkable of which was the COVID-19 outbreak since the beginning of 2020. However, the Vietnamese stock market has developed at a remarkable pace to keep up with businesses and the economy, attracting investors by the droves."
"Today's webinar will look to highlight opportunities on the stock market in the second half of 2021 that will stem from economic and business activities. Top-notch experts will share their analysis and insights to support investors in capitalising on these opportunities," he added.
According to Pham Hong Son, vice chairman of the State Securities Commission, the government is making efforts to fight the pandemic by rolling out a mass vaccination campaign. Hopefully, Vietnam will contain the pandemic by the end of the year, ensuring economic growth. In the meantime, Vietnam remains an attractive FDI destination. The government is determined to control inflation and maintain interest rates.
SSC is committed to ensuring the transparent, fair, and efficient operation of the market. We are actively promoting the Securities Law 2019 and guiding documents to investors as well as preparing the 2020-2030 stock market development strategy.
In the coming time, SSC will focus on upgrading Korea Exchange (KRX) technology for trading and payment activities with more new financial products.
Le Quang Minh, head of Research at Mirae Asset Securities Vietnam said that, "If Vietnam can control the pandemic in mid-July, it will not affect the business results in the second half of 2021. Moreover, the developed market is recovering from the pandemic which will boost global consumption and trade."
Therefore, Mirae Asset has revised its forecast for earnings growth in the second half of the year with the growth of earnings per share (EPS) to rise from 28 to 33.8 per cent in 2021. If EPS increases by 30 per cent, the price-to-earnings ratio will decrease. This is an opportunity for investors to cash in on the market.
"Vietnam is a spotlight in Southeast Asia with the openness of its economy only behind Hong Kong (China). Its economic prospects help Vietnam maintain its growth momentum in the long term, which is an important factor for investors looking to place their money," he added.
The webinar was live-streamed through the newspaper's official Facebook fanpage.