HIGHLIGHTED NEWS
Deputy Prime Minister Bui Thanh Son has approved the Vietnam Logistics Services Development Strategy for the 2025-2035 period, with a vision to 2050, with the target of an average growth rate of 12% - 15% per year. The ratio of logistics costs to GDP will decrease to about 12% - 15% in the 2025-2035 period, and continue to decrease to 10% - 12% in the following period. By 2050, Vietnam strives to be among the top 30 countries in the world in terms of Logistics Performance Index, while 100% of enterprises in the industry apply digital transformation solutions.
The Vietnam Confederation of Commerce and Industry (VCCI) has proposed that the Ministry of Finance consider returning unprocessed agricultural, forestry and fishery products to the list of non-declaration and tax calculation, and simplify administrative procedures. This recommendation stems from the fact that the implementation of the Law on Value Added Tax No. 48/2024/QH15 in practice is causing many problems related to taxable subjects, tax refund procedures, legal risks and penalties.
TRADING STRATEGY
The stock market increased positively, reaching 1,716 points with liquidity continuing to improve. Cash flow tends to concentrate on stocks that play a leading role in the real estate, retail, oil and gas, and industrial services sectors. Meanwhile, downward pressure appears on stocks in the financial services, basic resources, and technology sectors. The VN-Index today is likely to fluctuate around the 1,710-1,725 point area.
The market is in an uptrend and has officially set a new record milestone in terms of points. Cash flow continues to improve in stocks that play a leading role in groups - sectors, regulate the general index or have the ability to absorb liquidity. Foreign investors are net sellers again. The VN-Index is currently getting closer to the resistance zone of 1,720-1,740 points and most likely, this will be an area with rotation in terms of positions between groups - sectors. Investors can consider flexibly restructuring their portfolios according to cash flow trends for stocks that have met short-term profit expectations. On the other hand, medium- and long-term holding investment activities continue to prioritize basic stocks with prospects for business results in the final period of the year or in the group that benefits from market upgrades.
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