Impacts of Global Economic Policy Uncertainty on the Vietnamese Stock Market: New Evidence

This study investigates the impact of global economic policy uncertainty (EPU) on the Vietnamese stock market. By employing the Autoregressive Distributed Lag (ARDL) estimation method and a dataset of glo al and U.S. EPU and stock market indices in Vietnam from March 2011 to December 2024, this study is able to assess the relationship in both long and short terms. The findings show that both global and U.S. EPU have significant negative impacts on Vietnamese stock market indices in the long term. However, the global and U.S. EPU demonstrate significant positive impacts on the Vietnamese stock index for the largest 30 listed firms (VN30). Based on these findings, the authors can provide valuable policy recommendations to navigate the impact of global economic policy uncertainties on the Vietnamese stock market and foster sustainable development.