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Tập 16 Số 1 (2014)
Home » Tập 16 Số 1 (2014) » Article Detail
TẬP 16 SỐ 1 (2014) DOI: 10.33301/2014.16.01.05

An Empirical Investigation of Factors Affecting Stock Prices in Vietnam

Authors: Vo Xuan Vinh

Abstract:

This paper investigates factors affecting Vietnam’s stock prices including US stock prices, foreign exchange rates, gold prices and crude oil prices. Using the daily data from 2005 to 2012, the results indicate that Vietnam’s stock prices are influenced by crude oil prices. In addition, Vietnam’s stock prices are also affected significantly by US stock prices, and foreign exchange rates over the period before the 2008 Global Financial Crisis. There is evidence that Vietnam’s stock prices are highly correlated with US stock prices, foreign exchange rates and gold prices for the same period. Furthermore, Vietnam’s stock prices were cointegrated with US stock prices both before and after the crisis, and with foreign exchange rates, gold prices and crude oil prices only during and after the crisis.
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Other Articles in this Issue:

  • The Impact of Some Macro-Economic Factors on Vietnam Youth Entrepreneurship and Self-Employment

    Authors: Ngo Quynh An

  • Strategic Knowledge Management, Innovation and Firm Performance: An Empirical Study in Vietnamese Firms

    Authors: Nguyen Quoc Duy, Vu Hong Tuan

  • Measuring Central Bank Independence for Vietnam

    Authors: Duong Thi Thuy Nga, Do Van Vinh

  • IFRS Compliance in the Year of the Pig: Hong Kong Impairment Testing

    Authors: Tyrone M. Carlin, Nigel Finch, Dung Manh Tran

  • The Roles of Human and Social Capital in the Development of Manufacturing SMEs in Vietnam

    Authors: Vu Hoang Nam

JOURNAL OF ECONOMICS AND DEVELOPMENT - NATIONAL ECONOMICS UNIVERSITY
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ISSN: 1859-0012 (Print) | e-ISSN: 2815-5602 (Online)
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