Recently many newspapers and journals have talked about the negative bond yield or negative lending interest rate in Denmark and the reverted yield curve in the USA. This information is easily found everywhere and it gives the impression that the world economy is soon going to fall into a deep recession.
The interest rate cut of FED and the announcement that USA will impose 10% tariff on USD 300bn worth of Chinese products has created shock waves in the global markets, including in the Vietnam stock market. So what strategies should investors use in coming times, especially in August?
BSR was once among the leading companies in terms of profits in the stock market, but now it has surprisingly posted a loss of VND 1,000bn in Q4/2018. This has led to a continuous fall in its share price, with BSR now becoming a nightmare for its many investors holding this stock.
Talking about the impact of the escalating US-China trade war along with the volatile currency war between these two countries, PHAN DUNG KHANH (photo), Investment Consulting Director of Maybank Kim Eng. Securities, said that depreciation of CNY will certainly influence Vietnam’s economy significantly.
After US cut its interest rate by 0.25%, China depreciated the CNY. These two events have raised a question for Vietnam’s monetary policy, and how it should respond. Sai Gon Investment had a discussion with Dr. Nguyen Tri Hieu (photo) to further clarify this issue.