HIGHLIGHTED NEWS
According to the General Statistics Office, in Q1/2025, the average monthly income of workers continued to increase, reaching VND 8.3 million, up 9.5% compared to the same period last year. Average income increased across all regions nationwide and in most economic sectors. This improvement in income has contributed to driving momentum for Vietnam's housing real estate market, which showed many positive signs of recovery in Q1/2025. According to data from the Vietnam Association of Realtors, the total housing real estate supply in Vietnam in Q1/2025 rose by 33% year-over-year. The overall market absorption rate reached 45%, double that of the same period last year. Specifically, absorption rates for newly launched projects reached about 60%, especially in provinces and cities with clear planning and infrastructure information and new projects, such as Hanoi, Ho Chi Minh City, Ha Nam, Hai Phong, Bac Giang, Da Nang, Thanh Hoa, and Thai Nguyen. In the secondary market, transactions and prices of low-rise housing and land lots also saw strong increases, particularly in the suburban areas of Hanoi. Notably, the market witnessed a shift with a wave of movement to the South by brokers, customers, and investors.
At the conference assessing the readiness of market participants to launch the KRX IT system, many representatives from securities companies, custodian banks, and clearing banks shared their preparedness to connect with the KRX system. The Ho Chi Minh City Stock Exchange (HOSE) recently announced that the new IT system for the Vietnamese stock market is expected to officially go live on May 5, 2025.
TRADING STRATEGY
The stock market posted a strong recovery for the second consecutive session, closing at the week’s highest level of 1,222 points, with improved liquidity. Cash flow spread across nearly all sectors, led by large-cap stocks in finance, real estate, retail, and technology. Notably, selling pressure eased significantly, while bottom-fishing demand returned for stocks negatively affected—both directly and indirectly—by international trade and investment, such as chemicals, seafood, textiles, and industrial real estate. The VN-Index is expected to continue its upward trend, heading toward the 1,230–1,240-point range.
The market is in recovery mode and gradually regaining stability after a series of sharp declines triggered by the U.S.’s tariff policies targeting countries and territories around the world. Recently, there has been a growing stream of supportive information related to postponed retaliatory tariffs, negotiation opportunities, and preliminary trade dispute resolutions. Global stock markets are warming up, and the VN-Index is likely to maintain its recovery momentum over the next few sessions before testing the key resistance zone at 1,240–1,250 points. Investors may consider rebalancing their portfolios. New buying activity is suitable for those with high cash positions and a value investing approach, with a preference for fundamentally strong stocks in sectors less exposed to global trade fluctuations and trading at attractive discounts relative to their valuations.
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