HIGHLIGHTED NEWS
Vietnam and Egypt are boosting economic cooperation after upgrading their relationship to a Comprehensive Partnership, focusing on trade, logistics, maritime economy, and mining. Egypt's Red Sea Province is committed to facilitating investment by Vietnamese businesses, while Vietnam proposes strengthening port connectivity and ensuring the supply of phosphate ore to diversify input materials and consolidate the supply chain. Bilateral trade between the two countries is projected to exceed US$700 million for the first time in 2025 and is expected to continue growing in the future.
The Government has issued Decree 278/2026/ND-CP amending the mechanism for adjusting the average retail electricity price, effective from July 9, 2026. Accordingly, EVN (Vietnam Electricity) is authorized to adjust the average retail electricity price if the calculated price decreases by 1% or more or increases by 2% to less than 5% compared to the current level, after the Ministry of Industry and Trade reviews and provides written feedback. If the calculated price decreases by less than 1% or increases by less than 2%, EVN will not adjust the price but will report to the Ministry of Industry and Trade for inspection and supervision.
TRADING STRATEGY
The stock market declined for the second consecutive session, closing at 1,828.34 points with slightly improved liquidity compared to the previous trading session. Selling pressure was relatively dominant for most of the day, mainly concentrated in banking, financial services, and basic resources stocks. Positive support appeared in some individual stocks within the VN30 large-cap group. Foreign investors temporarily halted net selling thanks to block buying in a few specific stocks. The VN-Index is trending downwards in the short term; profit-taking and portfolio reductions are likely to continue depending on stock price movements, causing the market to remain highly volatile during the session.
Today, the VN-Index is likely to fluctuate within the 1,820–1,840 point range. Investors should maintain a reasonable stock allocation, prioritizing stocks with positive trends and promising Q2 earnings prospects. For corrective phases towards support levels, consider investing in phases in sectors that are attracting capital and have attractive valuations.
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