TOPI NEWSLETTER WEEKLY December 4, 2022

According to the US Department of Commerce in a report published on December 22, US GDP grew by 3.2% in the third quarter of 2022. This change comes from a significant increase in personal consumption from 1.7% to 2.3%. These numbers show that consumer spending remains strong, despite high inflation numbers and higher interest rates.

On December 23, the Japanese Ministry of Internal Affairs and Communications (MIC) announced that in November 2022, consumer price index (CPI) basic of this country increased by 3.7% Compared to the same period last year, the highest since December 1981, mainly due to increased prices of imported food and energy. Thus, inflation in Japan has increased for the 8th consecutive month higher than the 2% target figure of the Bank of Japan (BoJ).

VinaCapital Chief Economist Mr. Michael evaluated the work China’s reopening will boost Vietnam’s GDP growth by more than 2% next year due to the return of Chinese tourists in the second half of 2023.

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Last week, world gold price There are many sessions strong fluctuationsincreased and decreased continuously, closing the weekend session at 1,798 USD/ounce, increased by more than 0.3% compared to last weekend.Domestic gold price Last week continued to record The increasing and decreasing sessions alternateclosing the trading session almost constant compared to last weekend. Specifically, Gold ring price increased 0.19% compared to last week. SJC gold price Do not change transactions at the buy-in – sell-out mark 66/66.9 million VND/tael.

The stock market continued to have a gloomy trading week, the VN-Index continuously decreased, down to 1,020.34 points, down 32.14 points (equivalent to 3.05%). 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. Among them, BVPF Stock Fund Certificates are having the best performance (down 1.13% – the lowest level compared to VN-Index).

In the past week, bond funds have maintained stable profits with positive rates of return. Among them, VFF bond fund certificates are having the best performance (7.94%).

Best regards!