1- Market information

European gas prices plummeted as the risk of strikes at major liquefied petroleum gas (LNG) export plants in Australia cooled. Dutch natural gas prices – a reference in the European market – on August 24 at one point decreased by up to 21% – the strongest since March 2022. Currently, the price in futures contracts is around 32 euros per MWh.

Major rare earth magnet companies from Korea and China, including suppliers to Apple, are moving to Vietnam. Reuters said that Star Group Industrial (SGI – of Korea, specializing in manufacturing magnets) and Baotou INST Magnetic (China) will participate in moving the assembly line from China. This takes place in the context of increasing trade restrictions, with customers even asking businesses to move.

The Ministry of Finance has submitted to the Prime Minister a decision to reduce land rent by 30% in 2023; At the same time, it is proposed to waive late payment interest arising in 2022 and 2023 for tax debts, land use fees, and land rent for businesses and organizations that incur losses in the 2022 tax period.

2- Gold market

Last week, world gold prices had a positive trading week. Closing the trading session at 1,914.8 USD/ounce, an increase of more than 1.3%. Domestically, SJC gold prices fluctuated in the same direction, increasing from 250,000 – 350,000 VND/tael. Specifically, DOJI Group is listing the buying and selling price of SJC gold at 67.2 – 68.1 million VND/tael. Other types of gold jewelry moved sideways during the weekend session.

3- Stock fund certificates

The stock market had a cautious trading week, dropping sharply in the weekend session. For the whole week, VN-Index decreased 6.02 points (-0.51%), to 1,183.37 points. Open-ended stock funds still maintain performance compared to the market, the risk level of the portfolio is always maintained lower than the general market. In there, VESAF stock fund certificates are having the best performance from the beginning of 2023 until now at 28.77%.

4- Bond fund certificates

In the past week, bond funds have maintained a stable profit level with a positive rate of return of over 4%. Among them, DFVN-FIX bond fund certificates are having the best performance level from the beginning of 2023 until now is 7.03%.

Analytical report