Open Access

Downloads

Download data is not yet available.

Abstract

This study examines the effects of the COVID-19 pandemic outbreak and its following lockdown on daily stock market in Vietnam, a rapidly growing stock market that has revived successfully after the government shutdown order. This study uses the VECM time series data regression model to evaluate the impact of the daily increase in the number of confirmed COVID-19 cases and the shutdown order on the stock market in Vietnam from January 30 to June 30, 2020. Research results confirm the adverse impact of the daily increase in COVID-19 cases and closure orders on the business of the stock market in Vietnam. The study also shows that the Vietnam stock market before and during the nationwide shutdown played out in different ways. The prolonged restrictions on economic and business activities have caused major economic disturbances, significantly affecting the Vietnam stock market. The closing order affects the production and business situation of enterprises, stock value and investors' decisions, thereby affecting transactions on the stock market. Several policy implications for investors, governments and relevant regulator are also suggested.



Author's Affiliation
Article Details

Issue: Vol 6 No 4 (2022): Vol 6 (4): Under publishing
Page No.: In press
Published: Jan 20, 2023
Section: Research article
DOI: https://doi.org/10.32508/stdjelm.v6i4.1058

 Copyright Info

Creative Commons License

Copyright: The Authors. This is an open access article distributed under the terms of the Creative Commons Attribution License CC-BY 4.0., which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 How to Cite
Le, H. (2023). Effects from the government’s closing order due to COVID-19 to Vietnam’s stock market. VNUHCM Journal of Economics, Business and Law, 6(4), In press. https://doi.org/https://doi.org/10.32508/stdjelm.v6i4.1058

 Cited by



Article level Metrics by Paperbuzz/Impactstory
Article level Metrics by Altmetrics

 Article Statistics
HTML = 10 times
Uncorrection proof   = 4 times
Total   = 4 times