HIGHLIGHTED NEWS
The National Assembly has officially passed a Resolution to abolish the lump-sum tax method for household and individual businesses starting from January 1, 2026. The Resolution affirms that retroactive application of laws that are unfavorable to businesses, household businesses, and individual businesses will not be permitted. The number of inspections and audits for each business entity (if any) must not exceed once per year, except in cases with clear signs of violations. In addition, a series of incentives will be applied to enterprises, household businesses, and individual businesses, including: income tax exemptions and reductions; 2% per annum interest rate support for loans to implement green projects; at least a 30% reduction in land lease fees during the first 5 years; abolition of the business license fee starting from January 1, 2026. The State will also implement a program to train and develop 10,000 chief executive officers by 2030.
The Canada Border Services Agency (CBSA) has initiated an anti-dumping investigation on certain imported steel strapping products from various countries, including Vietnam. The CBSA is expected to issue a Statement of Reasons on May 27, 2025, to provide more details about the investigation. According to the Ministry of Industry and Trade, CBSA has sent Requests for Information (RFI) to Vietnamese exporters to collect data for the investigation. CBSA has also requested information from the Government of Vietnam as part of a probe into potential export monopolies in the steel sector under Section 20 of the Special Import Measures Act (SIMA). CBSA is expected to issue a preliminary determination within 90 days from the date of initiation (tentatively August 11, 2025) and may apply provisional duties during this period.
TRADING STRATEGY
The VN-Index declined to 1,301 points with trading liquidity falling to below the weekly average. Selling pressure showed signs of increasing, particularly in leading sectors such as financials, technology, F&B, and basic resources. On the flip side, real estate, industrial services, construction, and materials sectors played a supportive role in stabilizing the overall index. Today, the VN-Index is likely to fluctuate in the range of 1,300–1,310 points.
The market showed signs of cooling off after a strong recovery streak, with volatility and a minor pullback. However, liquidity during the correction remained low. The downward pressure mainly came from foreign investors’ net selling in several large-cap VN30 stocks and those that had recently seen sharp price gains. That said, the upward trend of the VN-Index remains intact for now. The index is expected to continue its recovery momentum toward the 1,340–1,350 zone in the short term, albeit with alternating ups and downs and capital rotation across sectors. Investors should consider restructuring and tightening their portfolios, avoid over-diversification, and prioritize fundamentally strong companies with potential for Q2/2025 earnings growth or companies with internal drivers or themes that could attract capital flows.
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