20160111_BSC_Vietnam Macro & Market Outlook_EN_2016_Public

Prospects in 2016 for Vietnam macro are the mixture of both bright and dark points. Persistently stable growth will replace the breakthrough in the last year. The basic forecasts of BSC Research include: GDP 2016 is expected to grow from 6.7 to 6.9% yoy; the inflation rate may fluctuate around 1.8 - 3.5% yoy; realized FDI capital may reach USD 13.5 to USD 17 billion; growing trade with trade deficit of about USD 4-6 billion; exchange rate will increase 5-8%, while changing the current exchange rate mechanism; interest rate level will increase slightly, credit and money supply are expected to grow compared with 2015.

Vietnam's economy continues to enter the growth cycle, form the basis for stock market gains in 2016. Despite the market outlook is not appreciated when in 2016 appears the elements not conveniently for the market such as exchange rates, interest rates and securities investment money no signs of growth. Market forecasts slight growth and will have a strong differentiation between sectors and stocks. On the one hand, new listings activities are increasing supply to the market, on the other hand will bring many opportunities. The new shares are listed on Upcom will attract the attention of investors.