Stimulating shopping demand during Tet; ETF capital flows out of Vietnam

ETF capital flows net withdrawal of more than 1,000 billion VND from Vietnamese stocks

Instead of massive net buying like previous years, ETF capital flows into the Vietnamese stock market in 2023 have reversed.

Large ETFs in Vietnam have recorded a total net capital withdrawal of VND1,022 billion in 2023. Graphics: Duc Manh

Despite starting with strong net capital inflows in the first months of the year, by the end of 2023, major ETFs in Vietnam recorded a total net capital withdrawal of VND 1,022 billion. According to Mr. Nguyen Ba Khuong - analyst at VNDIRECT Securities Company, in December 2023 alone, the capital withdrawal was nearly VND 1,361 billion. Of which, the majority came from the net withdrawal of the DCVFMVN Diamond ETF (net withdrawal of VND 1,159.2 billion), SSIAM's VNFIN Lead ETF (net withdrawal of VND 557 billion) and the VanEck Vectors Vietnam ETF (net withdrawal of VND 131.5 billion).

On the other hand, Fubon FTSE Vietnam Fund and KIM Growth VN30 Fund recorded net inflows of VND458.7 billion and VND33.8 billion, respectively. See more...

Catching the trend of taking Tet photos, Ao Dai rental shops are bustling with orders

With only about 1 month left until Lunar New Year 2024, at cultural and tourist attractions in Ho Chi Minh City such as Ben Thanh Market, Independence Palace, etc., many people are wearing Ao Dai to take photos to welcome spring. This is also a trend at the present time. According to records, many Ao Dai rental shops in Ho Chi Minh City are bustling with orders. Video: Ngoc Le - Thanh Chan

Disbursement of public investment capital in Quang Tri is low, with some units reaching 0%.

As of January 8, 2024, only 7/40 investors in Quang Tri province achieved 100% of the disbursement rate of public investment capital in 2023 and 2 units had a disbursement rate of 0%.

The Hung Vuong road project connecting the East-West Economic Corridor and the Southeast Quang Tri Economic Zone, which started construction at the end of 2021, is still unfinished. Photo: Hung Tho

According to the People's Committee of Quang Tri province, since the beginning of 2023, the People's Committee of Quang Tri province has identified promoting the disbursement of public investment capital in 2023 as one of the key political tasks, so it has proposed groups of tasks and solutions.

In 2023, meetings were held, directives and notices were issued, and units were required to disburse public investment capital. In addition, the Department of Planning and Investment of Quang Tri province announced monthly disbursement results and urged units and localities to accelerate the disbursement of investment capital plans.

However, as of January 8, 2024, the total disbursement value of public investment capital planned for 2023 in Quang Tri province was VND 2,027.91 billion, reaching 65.6% of the plan assigned by the Prime Minister at the beginning of the year and reaching 77.2% of the actual plan implemented by the locality. See more...

Discounts to stimulate shopping during Tet

Entering the peak of the year-end shopping season, throughout the month, since after the New Year, retail businesses in Ho Chi Minh City have reduced prices on many items, helping purchasing power gradually increase.

Purchasing power in Ho Chi Minh City has begun to increase slightly. Photo: Ngoc Le

According to Lao Dong's observations at supermarket systems in Ho Chi Minh City, at this time, goods serving the Lunar New Year are quite diverse, with many items having preferential prices.

Cholimex Food Company launches many new, eye-catching products following the trend.

Ms. Nguyen Thuy Thuy Linh - Head of Marketing Department of Cholimex Food Company - said: "During Tet, we provide gift boxes with full range of products for consumers to choose from. The company is focusing on convenient marinade product lines to help housewives use easily. We also increase production to provide the necessary amount of goods for people during Tet and the policy of price stabilization". See more...

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