HIGHLIGHTED NEWS
After 35 working days, the 9th Session of the 15th National Assembly officially concluded with numerous major decisions that play an important role in shaping the country’s development. The National Assembly passed 7 Laws and 6 Resolutions, including:
Law on Science, Technology and Innovation – contributing to promoting research, technology transfer, commercialization, and intellectual property protection in the technology sector.
- Amended Law on Atomic Energy – paving the way for the nuclear power sector.
- Amended Railway Law – supporting the privatization of railway infrastructure development.Amendments to the Law on Credit Institutions – aiding in asset management, bad debt resolution, and unlocking idle capital within credit institutions.
- Amendments to the Law on the Vietnam Fatherland Front, the Trade Union Law, the Youth Law, and the Law on Grassroots Democracy Implementation.
- Amendments to 11 laws related to military and defense.
- Amendments to the Criminal Procedure Code.
- Resolution on the investment policy for the Quy Nhon – Pleiku Expressway project.
- Resolution on the investment policy for the Ring Road 4 project in Ho Chi Minh City.
- Resolution on adjusting the investment policy for Phase 1 of the Bien Hoa – Vung Tau Expressway project.
- Resolution on piloting several special mechanisms and policies for the development of Hai Phong City.
- Resolution on approving the 2023 State Budget Final Accounts.
- Resolution on implementing the amended Law on the Organization of People’s Courts, the amended Law on the Organization of the People’s Procuracy, and amendments to related procedural laws and other laws.
TRADING STRATEGY
The stock market recovered to the 1,371-point mark, with a slight increase in liquidity compared to the previous session, though still below the weekly average. Capital flows rotated and tended to focus on leading stocks in the real estate, F&B, retail, and technology sectors. On the downside, selling pressure emerged in large-cap financial stocks and small-to-mid-cap stocks in the chemicals, industrial services, construction, and materials sectors. Today, the VN-Index is likely to fluctuate within the 1,365–1,375 range.
The market remains in a narrow sideways trend during the final sessions of Q2 2025 NAV reporting. Investor sentiment continues to be cautious, as capital inflows largely concentrate on selective individual stocks rather than spreading across the board over multiple sessions. A highlight of last week’s trading was the relatively strong recovery in stocks considered sensitive to Vietnam–U.S. tariff negotiations or those expected to benefit from macroeconomic policies following the conclusion of the 9th Session of the 15th National Assembly. This indicates that expectations for the VN-Index to gradually advance toward the key psychological threshold of 1,400 points in the near future are entirely plausible—provided no major global macroeconomic headwinds arise. Investors are advised to maintain a strategic core portfolio, look to accumulate on dips during upswings, and prioritize companies with projected earnings growth in Q2 and Q3 of 2025.
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