HIGHLIGHTED NEWS
Bloomberg assesses that Vietnam is demonstrating exceptional growth in the tourism sector within Southeast Asia. In 2024, Vietnam welcomed 17.6 million international visitors, ranking third after Malaysia (25 million) and Thailand (35 million). This impressive number positions Vietnam as the regional leader in tourism recovery compared to the pre-COVID-19 period. Several factors are driving Vietnam’s increasing appeal to tourists. Notably, the new e-visa policy introduced in 2023 simplifies entry procedures and allows stays of up to 90 days—three times longer than the previous limit. Vietnam has also expanded its visa exemption program to several countries, including France, Germany, Italy, Japan, Russia, South Korea, and Spain. Additionally, the presence of leading hotel brands and the recognition of Vietnamese establishments with Michelin honors have elevated the country’s culinary reputation on a global scale. Bloomberg forecasts that by the end of 2025, Vietnam aims to break its tourism record with 23 million international visitors.
TRADING STRATEGY
The stock market closed in the red at 1,326 points, with liquidity decreasing compared to the previous session. Selling pressure increased toward the end of the session, mainly affecting stocks in the financial, technology, industrial services, construction, and materials sectors. Meanwhile, leading stocks in basic resources, utilities, oil & gas, and healthcare sectors played a positive role in supporting the overall index. The VN-Index is expected to fluctuate around the 1,320-1,325 point range today.
The market continues to maintain a consolidation phase near the 1,340-1,350 resistance zone. This marks the second consecutive session where selling pressure intensified at the end, particularly on leading stocks in major sectors like finance and real estate, while mid- and small-cap stocks showed increasing divergence. Overall, the VN-Index remains in a cooling-off phase, combining price consolidation and base building before resuming an upward trend. The index is likely to exhibit mixed fluctuations within a defined range. The main strategy for investors remains to hold positions patiently and seize opportunities during market corrections to increase exposure to medium-term strategic stocks. For short-term trading, a flexible approach focused on capital flow trends is recommended.
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