Cash flow decrease The month of September was considered very severe for investors due to the negative impact of the Covid-19 pandemic on the entire economy, with GDP shrinking by 6.17% in the third quarter. This is the first time Vietnam has experienced a negative GDP growth since 2000. Business activities of listed companies (LCs) also came to a halt when the supply chain was disrupted because of strict social distancing regulations enforced by the Government in the national effort to contain the spread of the disease. Added to this, investors panicked upon news from China about Evergrande and its debt bomb fall, causing a chain reaction in the real estate sector and affecting other financial sectors as well. This resulted in changes in the global stock market and influenced the Vietnamese market too. Investors dumped banking shares because of their concern about the risk of an increase in bad debts soon after the pandemic. The fact that the real estate sectors and banking sectors were the two key areas at the stock market that reduced their shares, was the main cause of a considerable decrease in the cash flow in the stock market. Statistics show that the average liquidity… Read full this story
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