The European Union (EU) has decided to extend economic sanctions against Russia for another 6 months, until July 31. The EU’s economic sanctions package against Russia includes a series of measures such as restrictions on trade, finance, technology and dual-use goods, industry, transport and luxury goods.
The newly released World Bank’s global economic outlook report said that 2023 is the second year the global economy will seriously decline, forecast to grow at only 1.7%. In that context, Vietnam is forecast to grow at 6.3%, the second highest in the region. According to experts, by 2036, Vietnam will become the second largest economy in Southeast Asia and ranked 20th in the world.
World gold prices recorded the 6th consecutive week of increase ahead of the FED’s interest rate decision at its meeting on January 31 and February 1. At the end of the week, world gold prices traded around 1,927 USD (up 0.06%). Domestic gold prices also increased sharply after the Lunar New Year holiday. Specifically, SJC gold price has increased 500,000 VND/tael, currently 67.3 million VND/tael purchased and 68.3 million VND/tael sold.Gold ring price was adjusted to increase to 55.5 million VND/tael.
Vietnam’s stock market opened the first session of the year relatively positively, with the VN-Index increasing 9.02 points (0.81%) to 1,117.1 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, BVFED stock fund certificates are having the best performance over the past week with an increase of 11.56%.
In the past week, bond funds have maintained stable profits with positive rates of return. Among them, DFVN-FIX bond fund certificates are having the best performance with an increase of 1.15%.