TOPI NEWSLETTER – WEEK OF November 2, 2022

US CPI in October increased by 7.7% over the same period last year, the lowest since January 2022, showing that inflation has cooled at a faster rate than forecast. This development is fueling expectations that the highest inflation in decades is gradually decelerating and creating conditions for the Fed to slow down in tightening monetary policy.

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During the fourth session on November 10, the National Assembly set a GDP growth target of about 6.5%; GDP per capita reaches about 4,400 USD; The proportion of processing and manufacturing industry in GDP reaches about 25.4 – 25.8%; The average growth rate of the consumer price index (CPI) is about 4.5%…

Last week, Vietnam’s foreign exchange market remained stable. The central exchange rate USD/VND decreased by 0.04% compared to last week, reaching 23,683 VND/USD.

World gold price increased 5.54% compared to last week, closing the weekend session at 1,769.4 USD/ounce.

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Domestic gold ring prices fluctuated in the same direction as the general increase in world gold prices, with an increase of 2.23% compared to the previous week. SJC gold price increased slightly by 0.6% and traded at the buy-sell mark of 66.6/67.6 million VND/tael.

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In the past week, VN-Index decreased 42.62 points (equivalent to negative 4.27%) to 954.53 points. Open-ended stock funds still maintain performance much higher than the market, the risk level of the portfolio is always maintained lower than the general market. Among them, DCBC Stock Fund Certificates are having the best performance (down 3.1% – a lower level than the VN-Index).

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In the past week, open-ended bond funds maintained a stable profit level with a positive rate of return of over 5.5%. Among them, VFF bond fund certificates are having the best performance (6.95%).

Best regards!