HIGHLIGHTED NEWS
The Politburo has just issued Resolution No. 68-NQ/TW on the development of the private economy, setting out strategic directions, specific goals, and breakthrough solutions to maximize the role of the private sector as the most important driving force and a pioneering force of the economy. Accordingly, the resolution lays out specific and ambitious targets for the development of the private economy. By 2030, the aim is to have 2 million active businesses, reaching a ratio of 20 enterprises per 1,000 people; at least 20 large enterprises participating in global value chains; an average annual growth rate of 10–12%; contributing 55–58% of GDP and 35–40% of total state budget revenue; and creating 84–85% of total employment. By 2045, the goal is to have at least 3 million operating enterprises, contributing over 60% of GDP, with strong competitiveness both regionally and globally.
According to VASEP, Vietnam’s seafood exports in the first four months of 2025 recorded a strong recovery, reaching a turnover of USD 3.3 billion, up 21% compared to the same period in 2024. China and Hong Kong were the leading markets, followed by Japan, the EU, and South Korea, all of which saw impressive growth compared to the same period last year. However, export turnover to the U.S. market reached only USD 498.4 million, up around 7%, with a 15% drop in April. In May and June, Vietnam’s seafood exports are forecast to experience a significant shift ahead of the U.S.'s new retaliatory tariff policy, which takes effect on July 9, 2025. Vietnamese enterprises will focus on boosting exports to the U.S., especially for key products such as shrimp and pangasius, to make the most of the period before the new tariffs increase costs.
TRADING STRATEGY
The stock market resumed after the holiday break with a positive gaining session, reaching the 1,240-point mark, although liquidity declined compared to the previous session. Capital inflows tended to increase in leading sectors such as real estate, chemicals, industrial services, construction, and materials. On the contrary, selling pressure mainly appeared in some large-cap VN30 stocks. Today, the VN-Index is expected to fluctuate around the 1,240–1,250-point range.
The market became more active toward the end of the afternoon session, as the official operation of the KRX trading system boosted the index close to the resistance zone around 1,250 points. The 9th session of the 15th National Assembly also opened, bringing with it a wave of positive macroeconomic expectations. Meanwhile, international trade negotiations with the U.S. showed favorable developments, and foreign investors returned to net buying. The VN-Index is likely to continue its upward momentum in the upcoming sessions. Investors are advised to maintain holdings and trade with a balanced allocation, with a focus on fundamentally strong stocks that are expected to post positive Q2 2025 earnings growth.
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