HIGHLIGHTED NEWS
On October 14, Permanent Deputy Prime Minister Pham Gia Tuc stated that trade negotiations between Vietnam and the United States are nearing completion. Vietnam has submitted its final proposal and anticipates signing an agreement soon, pending mutual consensus. The U.S. side, however, has confirmed that negotiations are ongoing, while also calling for a reduction in the trade imbalance and the removal of non-tariff barriers. The U.S. currently imposes an additional 12.5% tariff on certain Vietnamese goods. Furthermore, two separate investigations—one concerning industrial overcapacity and the other regarding the protection of intellectual property rights—are still underway, which could potentially lead to further tariffs.
According to Reuters, the European Union (EU) is seeking to maintain and expand its supply of strategic minerals from Vietnam to reduce its reliance on China. Specifically, the EU has proposed providing loans, aid, and technical assistance for the extraction and processing of minerals in Vietnam, with a focus on tungsten, antimony, bismuth, and titanium. This move stems from concerns that China’s export restrictions, combined with competition from other partners, could jeopardize supply. Strategic minerals are also expected to be a key topic of discussion during high-level meetings between Vietnam and the EU on October 22.
TRADING STRATEGY
The stock market underwent a correction, closing at 1,704.87 points with liquidity falling below the 20-session average. Market divergence persisted. Selling pressure was widespread—though it eased toward the end of the session—and was concentrated in sectors such as retail, real estate, personal and household goods, financial services, and construction and materials. Conversely, gains in the banking, basic materials, food and beverage (F&B), oil and gas, and technology sectors helped temper the decline and provided support to the overall index. Foreign investors increased their net selling. The VN-Index has now recorded six consecutive sessions of decline, characterized by significant volatility as the index tested the support zone of 1,720–1,740 points. Amidst continued market caution, capital flows appear to be rotating toward sectors that previously underwent sharp corrections and are now trading at attractive price levels. It is possible that a technical rebound could emerge during the upcoming derivatives expiry session, which would help improve supply-demand dynamics and stabilize overall market sentiment.
Today, the VN-Index is expected to fluctuate within the 1,700–1,730 point range. Short-term investors should closely monitor market developments and manage their portfolio weightings by focusing on specific positions, while avoiding overly broad exposure or "chasing" prices during any potential recovery. Meanwhile, medium- to long-term investors may consider maintaining their holdings in stocks with favorable business growth prospects for the second half of 2026.
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