HIGHLIGHTED NEWS
Prime Minister Bui Thanh Son has signed the approval of the Steel Industry Development Strategy for the period up to 2030, with a vision to 2050, including several notable targets:
- Crude steel production will reach approximately 25-26 million tons/year (average growth of 7.0-8.0%/year) during the 2026-2030 period; increasing to 33-36 million tons/year (growth of 6.0-7.0%/year) by 2035 and reaching 65-70 million tons/year (growth of 4.5-5.5%/year) by 2050.
- Finished steel production will reach 32-33 million tons/year (average growth of 5.5-6.5%/year) during the 2026-2030 period; Increase production to 40-43 million tons/year by 2035 and reach 75-80 million tons/year (3.5-4% annual growth) by 2050.
- Gradually increase production to the maximum level compared to domestic demand and gradually increase the proportion of exports.
Along with that, the Strategy also provides specific directions on priority products, raw materials, energy sources for production, and consumption markets. At the same time, the industry will prioritize investment and research in steel production to meet the demand for steel materials in energy infrastructure construction, high-speed rail, LNG transportation, shipbuilding, defense, and security.
TRADING STRATEGY
The stock market closed slightly lower at 1,754 points, with liquidity falling to its lowest level since the beginning of the year. Selling pressure eased, mainly impacting some large-cap stocks in the real estate and industrial services sectors. Conversely, green emerged in the oil and gas, retail, and consumer goods sectors. The VN-Index is likely to continue fluctuating around the 1,745-1,770 point range today.
The market experienced a tug-of-war after a series of previous declines. A cautious sentiment was evident, with increased sector differentiation and a decline in liquidity compared to earlier periods. Large-cap VN30 stocks alternated in price within the session to maintain index stability. Foreign investors reduced net selling. The VN-Index is likely to remain cautious with wide sideways movement, combined with divergence in the next few trading sessions. Positive sentiment may reappear in the final trading sessions of the week – leading up to and after the holiday. Investors should limit diversified investments and focus more on medium-term holdings. Buying during market fluctuations should be maintained with controlled proportions. On the other hand, short-term trades should prioritize stocks that have confirmed an uptrend and successfully retested support levels, or be flexible according to money flow developments.
Investor can see the full Newsletter below:
