VCSC Daily - Government plan halts market slump
Market up on government spending plan. Vietnamese stocks snapped back up, halting a five day losing streak with Deputy PM making an announcement to pump VND21 trillion per month into the economy from now until the end of the year. Investors cheered the news expecting this could help bolster the weak economy which is expected to grow at only 4.31% in the first half of the year. The announcement triggered strong demand for stocks.