Petroleum

The inflationary pressure, however, is huge for 2022 amid the deepening energy crisis and the hoarding of strategic goods by some countries.

A cautious approach in managing inflation could help ensure the consumer price index (CPI) staying below 3%.

The petroleum sector holds a significant role in the country’s development, not only in terms of economy, but also in national defense and security.

Strong attention from investors helped boost banks stocks’ value, but those of petroleum companies were the highlight of this morning trading session with many reached the ceiling, namely PVB, PVC, PVD, PVS, PVT, or PXS.

Cement, petroleum and retail stocks are those that could see strong rises in 2021.

Under the revised regulation, local oil and petrol traders are now allowed to transfer their stakes to foreign investors but foreign ownership should not exceed 35%.