HIGHLIGHTED NEWS
According to data from the General Statistics Office, in the first four months of 2025, passenger transport increased by 19.2% and passenger traffic (in passenger-kilometers) rose by 13.0% compared to the same period last year. Freight transport rose by 14.7%, and freight traffic increased by 11.5%. Specifically, domestic transport grew by 19.2% compared to 2024, while international transport rose by 8.4%. In terms of transport modes, road transport continued to dominate with a share of 89.6%. Notably, the total number of railway passengers in the first four months reached 15.4 million, a surge of 154%. Not only has passenger transport surged, but freight transport has also maintained a steady growth trend. Freight volume in the first four months of the year was estimated at 949.1 million tons, up 14.7% year-over-year. Road transport remained the primary method, accounting for nearly 75% of total freight volume. However, maritime transport played a key role in freight traffic, accounting for over 54% of total ton-kilometers, underscoring the backbone role of shipping in import and export activities. According to the World Bank, logistics costs in Vietnam currently account for about 16.8% of GDP, significantly higher than Thailand’s 12%. This cost burden is directly impacting the competitiveness of Vietnamese goods, especially as major export markets like the United States are tightening trade regulations.
TRADING STRATEGY
The stock market retreated to 1,296 points with trading liquidity remaining on par with the previous session. Selling pressure continued to increase among leading stocks in the financials, technology, and F&B sectors. On the other hand, selective stocks in the real estate, construction, and industrial services sectors played a positive role in supporting the overall index. Today, the VN-Index is expected to fluctuate within the 1,290–1,300-point range.
The market is experiencing some volatility and cooling down after a recovery trend that started from the bottom area around 1,150 points. Cash flow is rotating from stocks that had previously gained strongly into those that have undergone a base-building phase or are supported by strong corporate fundamentals. The VN-Index currently has short-term support in the 1,280–1,290-point zone. Investors should consider restructuring and tightening their portfolios, prioritizing holding or selectively buying fundamentally strong stocks with potential for Q2 2025 earnings growth, company-specific catalysts, or those attracting noticeable capital inflows.
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