vietnams-stock-market-shows-no-sign-of-recovering

Vietnam's stock market shows no sign of recovering

But long-term investors say the slow momentum is a good thing for the overall market.

Lara Wozniak

August 27, 2007

Last week, while Asian stock markets were broadly higher as investors regaining their appetite for risk - even if Hong Kong and Tokyo closed down on Friday August 24 - VietnamÆs stock markets continued to move sideways.

Two weeks ago the dominant stock market in Vietnam, the Ho Chi Minh Stock Exchange HOSE, fell below the psychological threshold of 900 points, and closed at 887.93.

On Friday August 24, it closed at 905.48, up 17.86 points from the day before, but hardly a massive rebound. Indeed the summer hasnÆt been good to VietnamÆs exchanges û well before the rest of the worldÆs markets started their downward trends, VietnamÆs bourses were already in correction...

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