HIGHLIGHTED NEWS
According to the Ministry of Finance, as of April 30, 2026, the disbursement of public investment capital continued to be implemented by ministries, central agencies, and localities according to plan, with cumulative disbursements reaching VND 144,282.9 billion, equivalent to 14.2% of the plan assigned by the Prime Minister. The total public investment plan for 2026 at the time of reporting is approximately VND 1,106,800 billion, of which the capital allocation has achieved positive results, with about 95.4% of the plan having been detailed and assigned to tasks and projects.
According to S&P Global, Vietnam's manufacturing PMI in April 2026 reached 50.5 points, down from 51.2 points in March but still above the 50 threshold, indicating that business conditions continued to improve for the 10th consecutive month. Production increased for the 12th consecutive month, although at a somewhat slower pace. Export orders declined for the second consecutive month, primarily due to external factors such as the Middle East conflict, which led to increased fuel and freight costs. This resulted in the sharpest increase in input costs and selling prices since April 2011, impacting demand and purchasing plans in the economy.
TRADING STRATEGY
The stock market closed near the reference level of 1,854 points with slightly lower liquidity compared to the previous trading session. Market divergence continued. Selling pressure remained largely concentrated on blue-chip real estate stocks and some individual financial stocks. Meanwhile, there was improved capital flow in leading stocks in the oil and gas, chemical, basic resources, construction, and materials sectors. The VN-Index is likely to fluctuate around the 1,840-1,870 point range today.
The market maintained a sideways trading pattern with a wide range of fluctuations. The second consecutive day of downward correction in blue-chip stocks, which significantly impact the overall index, allowed for slight recovery to spread to other sectors, especially mid- and small-cap stocks. However, overall sentiment has not shown much improvement, and selling pressure remains constant as stock prices move upwards. Foreign investors maintained a net selling position. In the short term, the VN-Index will likely need more time to maintain a buffer zone in terms of points, awaiting further supporting macroeconomic information before confirming the next trend. Investors should temporarily focus on individual stocks with attractive valuations and a medium- to long-term outlook, rather than being swept along by the fluctuations of the overall index. Prioritize accumulating shares during short dips. Short-term trading should be flexible and adapt to the flow of money.
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