HIGHLIGHTED NEWS
On May 13th, Deputy Prime Minister Ho Quoc Dung signed Decision No. 840/QD-TTg approving the Program for the Development of the Digital Technology Industry for the period 2026–2030, with a vision to 2045. Accordingly, by 2030, the digital technology industry aims to achieve a minimum revenue of US$300 billion, with an average annual growth rate of 12%, while export revenue of digital technology products and services is expected to reach approximately US$55 billion per year. In addition, Vietnam also aims to establish around 100,000 digital technology enterprises, develop over 3 million high-quality human resources, and build 16–20 concentrated digital technology zones nationwide. By 2045, the goal is to form digital technology enterprises with global competitiveness and attract more international technology corporations to establish research and production centers in Vietnam. Notably, the Special Program prioritizes promoting strategic technology sectors such as AI and semiconductors through support for chip design, development of high-performance computing centers, and enhancement of core technology mastery capabilities.
TRADING STRATEGY
The stock market closed slightly lower at 1,898 points with improved liquidity, similar to the weekly average. Selling pressure emerged early in the VN30 large-cap group, causing the index to briefly fall close to the lower end of the 1,860-1,880 support zone. However, timely support from investors towards the end of the session, led by banking, oil and gas, and industrial services stocks, helped the VN-Index narrow its decline and quickly return to near the reference level. Foreign investors increased net selling. Overall, the market is currently mainly moving sideways within a wide range with divergence. If intraday fluctuations occur but general sentiment remains unchanged and capital flows lack distribution in highly publicized stocks, this sideways consolidation combined with cooling down may continue in subsequent trading sessions. The VN-Index is likely to fluctuate around the 1,880-1,910 point range today.
Investors should closely monitor each stock in their portfolio, especially at resistance levels, to maintain a reasonable weighting and avoid being swept along by the ups and downs of the overall index.
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