HIGHLIGHTS
According to the General Statistics Office, by the end of November 2024, international arrivals to Vietnam reached over 15.8 million, a 41% increase compared to the same period last year. Notably, in October and November 2024 alone, more than 3.1 million international visitors arrived, marking a 33% rise from the same period in 2023. For 2025, Vietnam targets 25-28 million international visitors and 130 million domestic tourists, maintaining an annual domestic tourism growth rate of 8-9% and contributing directly 8-9% to GDP.
On December 15, the United Kingdom became the first European nation to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Established in 2018 and accounting for roughly 15% of global GDP, the CPTPP includes members such as Canada and Japan from the G7, alongside the UK, Australia, New Zealand, Mexico, Peru, Chile, Singapore, Brunei, Malaysia, and Vietnam.
TRADING STRATEGY
The stock market pulled back to 1,262 points as liquidity continued to decline. Selling pressure intensified in key sectors such as real estate, financial services, basic resources, and chemicals. In contrast, buying demand improved in retail, oil and gas, and industrial services stocks. The VN-Index is expected to fluctuate between 1,260 and 1,265 points today.
The market remains in a consolidation phase within the short-term recovery trend, with a focus on testing the critical resistance range of 1,290-1,300 points. Divergence remains high as cautious sentiment persists and liquidity stays subdued. This period serves as a cooling-off phase for fundamental stocks to consolidate or build a base while awaiting 2024 earnings results and economic policy updates domestically and internationally. The key strategy for investors is to hold and selectively accumulate strategic stocks while flexibly restructuring and reinvesting based on short-term capital flow trends.
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