HIGHLIGHTED NEWS
At the Government Headquarters, Prime Minister Pham Minh Chinh chaired a meeting with key ministries and agencies to assess recent developments and continue discussions on response measures to the U.S.'s new tariff policy. As part of the proposed response, the Prime Minister called on the U.S. to delay the imposition of tariffs on Vietnam for at least 45 days. This grace period would allow time for negotiations, preparations, and a smooth transition toward achieving a sustainable trade balance. Vietnam’s approach to tariffs will be aligned with the high-level understanding reached between General Secretary Tô Lâm and U.S. President Donald Trump. On trade solutions, Vietnam will continue to increase imports of U.S. goods—particularly in areas where the U.S. has strengths and Vietnam has demand—including items related to national defense and security. The government also aims to accelerate delivery under existing aircraft contracts. In parallel, Vietnam will review and resolve outstanding monetary policy issues in compliance with both domestic laws and international practices. Non-tariff concerns, such as those related to product origin, copyright, and intellectual property rights, will be addressed comprehensively by the relevant ministries. To support businesses, the Prime Minister instructed the expansion of preferential credit packages for selected sectors, as well as the continuation of debt rescheduling, interest rate reductions, and tax deferrals. Alongside government actions, the Vietnam Chamber of Commerce and Industry (VCCI) and the American Chamber of Commerce in Vietnam (AmCham) have sent a joint letter to the U.S. Secretary of Commerce. The letter urges the Trump administration to temporarily postpone the planned tariffs to avoid business disruptions and adverse effects on ongoing trade relations.
TRADING STRATEGY
The stock market extended its downward momentum, retreating to the 1,210-point level amid record-high liquidity not seen in years. Selling pressure remained heavy, particularly across mid- and small-cap stocks. However, selective gains in certain large-cap stocks provided some support to the overall index. The VN-Index is expected to continue fluctuating within a wide range today, likely maintaining support above the 1,180-point threshold.
The ongoing market pressure is largely attributed to the U.S. tariff policy targeting over 60 countries and territories worldwide. Multilateral trade negotiations are expected to continue through mid-April 2025 in an effort to restore global trade stability and broader economic balance. During this period, the domestic market is likely to face sustained net selling pressure from foreign investors. In light of these developments, investors are advised to adopt a cautious stance, focus on risk management, and closely monitor official updates. Meanwhile, attention should be given to identifying opportunities in sectors that are less vulnerable to tariff impacts, at least until clear policy directions are announced.
Investor can see the full Newsletter below:
