A slowdown in export growth of the foreign-invested sector could have a negative impact on Vietnam’s economy in 2020, according to SSI Securities Corporation, Vietnam’s largest brokerage house.

Business sectors that could capitalize on the 100 million population will be set for strong growth, said an expert.

The selloffs in Vietnam tracked losses in major Asia markets as fears over the ongoing coronavirus outbreak in China continued to weigh on investor sentiment.

The State Bank of Vietnam (SBV), the country’s central bank, could promote a reduction in financing costs and lower borrowing costs to help ease hardship for businesses.

The return of foreign investors, large amount of money from new investors, and low interest-rate environment are factors that continue to keep up the Vn-Index, said an expert from SSI Securities Corporation.