HIGHLIGHTS
Vietnam’s total trade turnover reached USD 647.91 billion in the first 10 months of 2024, a growth of 15.8% YoY. For the second half of October 2024 (October 16–31), turnover hit USD 37.02 billion, up 16% from the first half of the month. Exports climbed to USD 335.63 billion, an increase of 14.9% YoY, led by significant growth in key products such as computers, phones, textiles, and footwear. The FDI sector contributed USD 240.13 billion (+12.9%), dominating the export market, while domestic enterprises recorded a stronger growth rate of 19.5%. Imports rose by 16.8% YoY to USD 312.28 billion, with primary imports including computers, electronic components, and transportation equipment. The FDI sector accounted for USD 198.7 billion, or 63.6% of total import turnover.
TRADING STRATEGY
The VN-Index continued its downward trend, closing near 1,220 points, with liquidity exceeding the weekly average. Selling pressure weighed heavily on key sectors such as finance, F&B, oil and gas, retail, and chemicals, while technology and insurance stocks supported the index. The index is expected to fluctuate within the 1,215–1,225 point range today.
The market remains in a short-term correction phase, with strong support around the 1,210–1,220 point range. End-of-session selling pressure is primarily concentrated in leading stocks, significantly impacting the overall index. As the VN-Index approaches key psychological support levels, many fundamentally sound stocks have corrected to attractive valuations in oversold conditions. Investors should prioritize strategic trading within their existing portfolios. Short-term trades should focus on selected stocks with confirmed recovery trends, while avoiding excessive diversification.
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