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VCSC Daily - Market cheer wrap up of government meeting on promise of reform

Market view: The market broke out of a slump following the wrap up of a two-week government meeting. In the closing statement made public late Monday afternoon, the government signaled its resolve to make reform of state-owned-enterprises and the banking system top priorities. Investors have deemed the issues as key culprits for the country’s current economic woes. The VNI advanced nearly 8 points to close at 399.2 (+2%) and the HNI gained 1.3 points to close at 56.3 (+2.4%).