China has piloted the opening of tourism in Vietnam from March 15, besides the airline, there are no other groups of stocks to benefit?

Assessing the impact of China’s opening of a tour from March 15, Mr. Nguyen Anh Khoa said that this information has many positive effects.

On March 8, the Cultural Counselor of the Chinese Embassy in Vietnam announced the decision to put Vietnam on the pilot list to open tourism in groups for the second phase (from March 15, 2023).

This is the good news many have been waiting for. Because before that, on February 6, China announced that it had opened an international tour to 20 countries around the world, including many Asian countries but not Vietnam.

Assessing the impact of China’s opening of a tour from March 15, Nguyen Anh Khoa – Head of Agriseco Securities Investment Advisory and Analysis Department, said that this information has many positive effects. pole. Because China is an important trading partner of Vietnam. Regarding the group of industries that benefited from this information, Mr. Nguyen Anh Khoa divided into two specific groups.

For the group of direct beneficiaries , experts believe that the uptrend of aviation stocks and airline services is inevitable. In the short term, the gain of this group will reflect the expectation that business results will improve in the coming time.

However, in terms of long-term prospects, Mr. Khoa said that there will be a division between groups of airlines. For the passenger transport group, the opening of a tour by China to Vietnam will significantly improve revenue and profit, as this is the country with the largest volume of international visitors to Vietnam before Covid-19. -19. However, it should be noted the financial situation of these businesses because after 2 years of fighting the Covid epidemic, air transport enterprises all had to carry out financial restructuring as well as reduce the size of their fleet, and the Recovery is not overnight.

For the freight group, the arrival of more international visitors will help increase the freight volume, but the high inflation environment combined with the dry freight rates has already reached the low threshold before the Covid-19 epidemic. will reduce the price competitiveness as well as the demand for air freight.

For the airport retail group and the airport group, higher international arrivals this year will be a positive point to help increase revenue and profit. According to experts, these will also be the earliest groups of businesses to recover when China opens its doors to tourism with Vietnam.

Besides the aviation industry, Khoa also expects travel, hotel and passenger transport businesses to directly benefit as the volume of tourists from China accounts for one-third of the total international arrivals. to Vietnam in the pre-epidemic period. At the same time, these groups are also forecast to have a recovery in revenue and profit after 2 years of fighting the Covid-19 epidemic, thanks to the expected increase in international arrivals this year.

As for the indirect beneficiaries , experts from Agriseco said that some industry groups such as food, beverages and foodstuffs will benefit from increased consumption demand and international visitors tend to spend more than customers. inland.

In addition, the above information is also expected to have a positive impact on indirect beneficiaries such as exports (including seafood, rubber, food, seaports – logistics, …) or real estate. industrial area.

Talking more about market movements, experts expect that the market will continue to see increasing sessions in a range of about 1%, thanks to the support of foreign capital flows, especially ETFs. In recent sessions, it can be seen that capital flows from Korea and Europe (through KIM KINDEX fund and Xtrackers fund) are increasing their buying power into the Vietnamese market, and helping foreign investors return to the trend of net buying after nearly 3 months. consecutive week of net selling.

In this March, besides the above two capital flows, investors also need to pay attention to capital flows from Taiwan and the US (through the Fubon FTSE fund and VanEck fund), with a scale of over VND 6,000 billion will be disbursed into the market. Vietnam stock market. Normally, these funds will disburse into large-cap stocks, belonging to the VN30 or VNDiamond group (depending on the reference index), so the market will see positive developments in the coming sessions.

Ha Anh/Market life