HIGHLIGHTED NEWS
The Minister of Finance submitted to the National Assembly a draft Resolution on reducing the Value-Added Tax (VAT). According to the draft, the VAT rate will be reduced from 10% to 8% for most goods and services, excluding sectors such as telecommunications, finance–banking, securities, insurance, real estate, metal products, mining (except coal), and goods subject to special consumption tax (except gasoline). The policy will be effective from July 1, 2025, to December 31, 2026. The Government is assigned the task of providing detailed guidance and organizing the implementation, ensuring transparency, openness, and effectiveness throughout the process. The objective of this policy is to help lower the prices of goods and services, thereby stimulating domestic consumption, promoting business and production activities, creating more jobs for workers, and contributing to macroeconomic stability and economic growth in the second half of 2025 and throughout 2026. The Ministry of Finance estimates that the total state budget revenue will decrease by approximately VND 121.74 trillion due to the implementation of this policy, with a reduction of about VND 39.54 trillion in the second half of 2025 and about VND 82.2 trillion in 2026.
TRADING STRATEGY
The stock market continued its recovery momentum and closed at 1,293 points, with liquidity slightly increasing compared to the previous session. Cash flow remained positive, led by the large-cap VN30 group. Sectors contributing most to the index's gains included finance, retail, industrial services, and consumer goods. Today, the VN-Index is expected to fluctuate within the 1,295–1,305 point range.
The market has maintained its positive trend following favorable global macroeconomic news. Liquidity showed signs of recovery. Foreign investors increased their net buying, and many large-cap stocks have nearly reached their foreign ownership limits after previously experiencing considerable selling pressure. This is a period where many individual stocks are beginning to accelerate, supported by industry fundamentals or major events such as capital increases or project announcements. As a result, the VN-Index is likely to soon challenge the psychological resistance level around 1,300 points in the short term. Investors are advised to continue partially restructuring stocks that have reached their short-term growth targets, while reallocating capital or increasing exposure to fundamentally strong stocks with attractive valuations or promising Q2 2025 earnings outlooks.
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