DEBATING: OPPOSITE OPPINION

" THE SECURITIES MARKET AND

OTHER FINANCIAL MARKETS ARE
IN A TROUGH."

MEMBERS:
Bùi Phương Dung
Dương Hồng Hạnh
Nguyễn Hương Giang GROUP
Nguyễn Mai Vinh
Monetary and Financial Theories Bùi Lan Ngọc
Lưu Hồng Ngọc
Nguyễn Thị Kim Ngân
 Index
01 Concepts and an overview of 03 Q & A.
fincial market.

Points opposing the Topic: " THE SECURITIES MARKET

02 AND OTHER FINANCIAL MARKETS ARE IN A TROUGH."
 01 Concepts of fincial market.

Financial market
The financial system
a place to exchange and trade all kinds of "commodities"
01 a combination of financial markets, financial 02 of the market - that is, the main interest claims (financial
institutions, the "rules of the game" and trading
claims).
techniques in the market

The constituent markets of financial markets

• According to the maturity of financial instruments: markets money , capital markets.

03 • According to the method of raising capital: debt markets and share markets.
• By the time financial instruments are put on the market: a primary market and a secondary market.
• With many types, financial markets have a very wide scope and scale, eg: foreign exchange market, currency, stocks, bonds,
derivatives market, cryptocurrency market.
 01 Concepts of fincial market.

When the financial market is in a trough

• The bottoming phase of the financial market is the

process of reaching the bottom of the price during a
04 recession, then entering the recovery phase and
rising again.

• When stocks bottom out and reverse to start a bull

market period creates many opportunities for
investors.
 An overview of fincial market:
01
C u r re n t f i n a n c i a l m a rk e t s i t u a t i o n .

• General:
• As of the end of the third quarter of 2022, the financial market is
under pressure to cope with risks from domestics and
internationals.

• While the US or EU are having to attract capital to fight against

inflation, Vietnam's economy is a capital-consuming economy
rather than an excess capital.

• This is the basis for the assessment that the positive factors are
still larger than the negative factors when compared with many
countries and major economic regions in the world.
 Points opposing the Topic: " THE SECURITIES MARKET
02 AND OTHER FINANCIAL MARKETS ARE IN A TROUGH."

Influence from the world

Resolute actions to stabilize and transparent the market by the State and authorities
could have negative effects in the short-term.

Fed continues to raise interest rates, the stock market as well as as other financial
markets will continue to fall

Weak Belief in the market, depend on rumors

 1. Influence from the
world
• situation Stock market and some other financial markets of
Vietnam suffer strongly influenced by the world market.

• the situation of instability in the world has not yet cooled down,
causing difficulties for the domestic economy.

• the policy of increasing interest rates, most notably of the US and

Europe negative effects on production, employment,
consumption, unstable foreign and local currency rates.

• US GDP has declined for 2 consecutive quarters. Although GDP

just recovered 2.6% in the third quarter , this result does not
dispel fears that there will be a real recession in the economy as
the Fed tries to quell inflation.
• when the US economy is in recession, the risk aversion will increase,
leading to the withdrawal of capital from the financial markets

• essentially weaken the local currency against the USD.

• the tension in the exchange rate made foreign investors turn to be net
sellers, causing the stock indexes to drop deeply.
• On the Ho Chi Minh City Stock Exchange (HoSE), HNX and
UpCoM, foreign investors turned to be a net seller of 128 billion
dong.

• the free USD/VND exchange rate has surpassed 25,000

VND/USD.
• The exchange rate will still be under a lot of pressure from the
outside when the US Federal Reserve (Fed) raises interest rates
in November and December, so the stock indexes may still fall.
Arguement 2.
The negative in the issue of bonds of Tan Hoang Minh, Van Thinh Phat,
Resolute actions to FLC caused the market's confidence to drop sharply.
and transparent the
market by the
State and The market experienced many fluctuations after scandals of large corporations.
authorities could
have negative
effects in the
short-term.
Arguement 2.
Resolute actions to
and transparent the
Negatively affecting the bond holders of these corporations
market by the
State and
authorities could
have negative
effects in the
short-term.
 3. FED CONTINUES TO RAISE INTEREST RATES, THE STOCK MARKET AS WELL AS OTHER
FINANCIAL MARKETS WILL CONTINUE TO FALL

In the first 6 months of 2022, the CPI, a measure of inflation in the US, has climbed
to 9.1%, a record high in the past 40 years, and the US economy is facing the second
crisis, inflation. In 2022, the Fed has 6 times to raise interest rates.

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 3. FED CONTINUES TO RAISE INTEREST RATES, THE STOCK MARKET AS WELL AS OTHER
FINANCIAL MARKETS WILL CONTINUE TO FALL

In Vietnam, the exchange rate between USD and VND has increased continuously to peak during the past 1 month.

With the record high interest rate will help the bank's ability to mobilize capital increase sharply, but it is also theof the decline in liquidity in
other markets.

With the above reasons, we can see that the

outlook of the market is not positive, the
stock market can only move sideways or
fall further but also have a high probability
of falling further because of the bad macro.
 DEPEND ON RUMORS
During the time of purifying the corporate
environment, the investment environment is still
going strong, and negative news and disturbing
rumors continue to erupt from many directions,
causing confusion for investors
4. WEAK
BELIEF IN THE
MARKET,
DEPEND ON
RUMORS
WEAK BELIEF IN THE MARKET
• The current price trend and center of the market
are quite similar to the drop in the week of
March 2020.
• All industry groups simultaneously recorded a
sharp decline.
• In the short term, market sentiment remains very
pessimistic.
• VN-Index continues to decline strongly is quite
possible.
Thank you!
Question and answer