HIGHLIGHTED NEWS
The synchronous implementation of new-generation Free Trade Agreements (FTAs) has brought many positive results to Vietnam. To maximize the potential of FTAs, Vietnam and the EU recently agreed to establish a specialized Working Group to remove remaining barriers, while actively promoting the upgrading of bilateral relations from Comprehensive Partnership to Comprehensive and Strategic Partnership. In parallel, the Ministry of Industry and Trade has deployed the operation of the FTA Electronic Information Portal with bilingual data in Vietnamese and English and published the FTA Index. In addition, the Ministry has also proactively coordinated with relevant ministries and branches to promptly develop and promulgate a system of legal documents serving the implementation of FTAs. In the 2025-2030 period, the Ministry of Industry and Trade sets out the direction to continue to thoroughly implement Resolution 59 of the Politburo on international integration; prioritize comprehensive trade negotiations with the United States; effectively exploit 17 existing FTAs, while diversifying new export markets and promoting new FTA negotiations.
TRADING STRATEGY
The stock market fell back to 1,661 points with improved liquidity compared to the previous session. Selling pressure tended to increase in small and medium-cap stocks in the basic resources and construction materials sectors, along with some leading stocks in the technology and chemical sectors. On the contrary, individual stocks in the finance, real estate, and industrial services sectors played a positive role in supporting the general index. The VN-Index today is likely to fluctuate around the 1,650-1,670 point range.
The market maintained a narrow sideways range in the last trading sessions of the quarter with average liquidity at a low level. The general sentiment still showed a high level of caution in the context of the market lacking leading stocks with mass appeal and foreign investors continuously selling at a strong intensity. VN-Index is likely to continue to fluctuate in the short term before information on Q3 business results is gradually revealed, helping the supply-demand balance to stabilize and new investment opportunities to open up. Investors should pay attention to controlling the portfolio proportion at a reasonable level, managing each individual stock, and limiting the impact of fluctuations in the general index. Disbursement activities should be prioritized in basic stocks with prospects of business results growth in the second half of the year, with stable price bases, near the support zone, and limit chasing when prices show signs of overheating.
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