Shares are forecast to rebound this week on positive Q1 earning results and stable cash flow, analysts said.

Education, technology, freight forwarding, renewable energy, and healthcare companies are expected to maintain their growth, offering stock investment opportunities, a seminar heard in HCM City last Saturday.

The uptrend of bluechip stocks, especially those in the banking group, helped the benchmark VN-Index of the Hochiminh Stock Exchange to gain over 20 points and nearly approach the 1,250-point level, April 23.

Shares collapsed on Thursday, falling to two-month lows as a series of large-cap stocks plunged to their floor prices, suffering strong selling pressure throughout the trading session.

The constant congestion that was causing massive delays at the Ho Chi Minh City Stock Exchange (HOSE) is now beginning to ease somewhat. A sudden surge in the number of new accounts has also helped the stock market with more cash flow in recent sessions.

Under a favourable economic backdrop, multiple trade agreements, and supportive fiscal and monetary policies, Vietnam’s economic recovery is expected to remain strong. Minh Le, Tran Nguyen, and Hoa Tran, analysts from Mirae Asset Securities, write about the country’s prospects and how Vietnam could be a potential candidate for an emerging market upgrade by 2022.

Recently released financial reports show the earnings of securities companies were positive in the first quarter of 2021.