HIGHLIGHTED NEWS
According to updated data from the ASEAN Secretariat, Vietnam welcomed 17.6 million international visitors in 2024, reaching 98% of its pre-pandemic level in 2019—nearly a full recovery. In comparison, other major tourism markets showed lower recovery rates: Thailand at 88%, Singapore and Indonesia both at 86%, the Philippines at 72%, and Malaysia at 94%. Vietnam ranked third in total international arrivals in 2024, surpassing Singapore (16.5 million) and trailing only Thailand (35 million) and Malaysia (projected 24.5 million). Vietnam’s visitor numbers also significantly exceeded those of Indonesia (projected 13.8 million) and the Philippines (5.9 million).
TRADING STRATEGY
The stock market continued its positive momentum in the last trading session before the holiday, closing at 1,265 points with improved liquidity above the weekly average. Capital inflows were concentrated in key sectors, including financials, F&B, utilities, retail, and industrials. The VN-Index is expected to trend toward 1,275 points in the first trading session of the new year.
In the short term, the market remains in recovery, targeting the next resistance zone at 1,290–1,300 points. Improving sentiment is stabilizing supply-demand dynamics, while capital continues to flow into fundamentally strong stocks leading their respective sectors. The VN-Index is likely to break out in Q1 2025, driven by audited 2024 earnings results and corporate growth plans for 2025. Investors should focus on core holdings, maintaining a strategic approach while limiting excessive short-term diversification.
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