HIGHLIGHTED NEWS
According to the Ministry of Finance, as of April 30, 2025, public investment disbursement was estimated at VND 128,512.9 billion, reaching 14.32% of the annual plan and 15.56% of the plan assigned by the Prime Minister. Compared to the national disbursement rate during the first quarter, the pace has begun to accelerate, catching up with last year’s progress (cumulative disbursement reached 5.43% by the end of February and 9.72% by the end of March based on the Prime Minister’s assigned target). A representative from the Ministry of Finance stated that most institutional obstacles have been resolved, and what now matters most is the determination and flexibility of implementing units.
The new KRX trading system will officially go live on May 5, marking a significant milestone for Vietnam’s stock market. Investors should take note of several key changes with the implementation of the KRX system, including adjustments to trading orders, order amendments/cancellations, odd-lot trading, market orders, restricted stocks, negotiated transactions, and foreign investor trading. These changes are designed to align with international practices, enhance transparency, and standardize processes, contributing to a more efficient market operation. The launch of the KRX system is expected to serve as a crucial step toward Vietnam’s goal of achieving an upgrade in its market classification.
TRADING STRATEGY
The stock market closed slightly in the red, retreating to 1,226 points, with liquidity remaining low compared to the previous week's average. Sectoral divergence persisted, with capital flows favoring leading stocks in financial services, F&B, retail, and industrial services. In contrast, individual stocks in real estate, technology, and basic resources sectors experienced downward pressure. The VN-Index is expected to fluctuate around the 1,220–1,230 range today.
The market is in a recovery phase, aiming for the key resistance zone around 1,250 points. However, cautious investor sentiment ahead of the upcoming holiday has led to weaker liquidity, a slight uptick in profit-taking pressure, and a shift in capital toward select individual stocks across sectors to support the overall index. The market is likely to regain positive momentum after the holiday, coinciding with the pilot launch of the KRX trading system. Investors are advised to maintain a balanced portfolio, avoid over-diversification, and prioritize focused trading strategies.
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