Vietnam Strategy – How the global oil price slump affects Vietnam’s O&G value chain
- We now expect oil prices to average at US$45/bbl in 2020F (vs. US$62/bbl earlier), as a result of the crude oil price war and weak demand due to the Covid-19 outbreak.
- Potential losers from declining oil prices are upstream and midstream players, while some downstream producers could be gainers.
- Investors should remain cautious, given the currently weak sentiment on the sector.
Please follow this link for the full report
You Might Be Interested
Strategy Note
625
We believe that the main growth driver for Vietnam’s economy in 2H23 will mainly come from the government’s economic support policies. Therefore, Vietnam’s key investment topics in the second half of 2023 will be closely related to an easing monetary…
Strategy Note
431
In May 25, the SBV decided to reduce some policy rates such as the refinancing rate (down 0.5% points), the ceiling deposit interest rate for 1-month to 6-month term (down by 0.5% points),.. The 12-month deposit interest rates of commercial…
Strategy Note
394
VN-INDEX closed at 1,064.6pts (+1.5% mtd, +5.7% ytd) on May 25 2023. We believe the market’s rally was supported by: A series of supportive policies issued by the Government and the State Bank of Vietnam (SBV) recently have solved some…
VI
EN
JA
ZH
