HIGHLIGHT NEWS
After nearly six years of CPTPP implementation, trade turnover between Vietnam and CPTPP member countries has grown significantly, reaching $95.5 billion in 2023, compared to $77 billion in 2019. The trade surplus rose from $1.6 billion to $4.7 billion. Notably, trade with markets that previously lacked FTAs reached $12 billion in 2023, doubling from 2019. As of the first nine months of 2024, trade turnover exceeded $76 billion, up nearly 10% year-on-year.
According to VASEP, Vietnam's seafood exports to the Middle East are projected to exceed $360 million by the end of 2024, making it the second-fastest-growing market after China. In the first 11 months of 2024, export revenue reached $334 million, up 18% and accounting for nearly 4% of the country’s total seafood export value. Tuna and pangasius remain the primary products, contributing 31% and 40% of the total turnover, respectively. Canned and pouched tuna, which grew 1.5 times, is particularly favored in the Middle East for its convenience and ease of storage, accounting for nearly 70% of tuna exports. Pangasius also recorded a 13% growth, exceeding $134 million.
TRADING STRATEGY
The stock market dropped to 1,254 points, with trading volume rising sharply above the weekly average. Selling pressure intensified in leading sectors such as finance, real estate, basic resources, and F&B. Meanwhile, capital shifted toward individual stocks in technology, oil and gas, chemicals, and consumer goods. Today, the VN-Index is expected to fluctuate within the 1,250–1,260 range.
Market volatility increased after news of the Fed’s interest rate adjustments, with cautious sentiment prevailing during the December 2024 derivatives expiration session. Late-session bottom-fishing demand helped the VN-Index hold its support at 1,250–1,255 points. Preliminary analysis indicates these declines have not significantly disrupted the index’s recovery trend from its 1,200-point bottom. However, investors should maintain reasonable portfolio weightings, avoid over-diversification, and focus on accumulating and holding strategic stocks with strong Q4 2024 and early 2025 earnings potential.
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