HIGHLIGHTED NEWS
According to the latest report from the World Bank (WB), the agency believes that the Vietnamese economy continues to maintain positive resilience amidst a volatile global economic environment, with growth drivers continuing to come from exports and investment. Accordingly, Vietnam is assessed to be entering the "Innovation 2.0" phase, focusing on streamlining the government apparatus, promoting the private sector, and accelerating infrastructure investment. However, to maintain long-term growth momentum, Vietnam still needs to further develop its capital market and improve the efficiency of public investment.
Under the direction of the State Bank of Vietnam (SBV), deposit interest rates have decreased by approximately 0.1–1% per year, bringing the average deposit rate to around 5.7% since the beginning of April. State-owned banks mostly reduced rates by 0.5% for long-term deposits, while commercial banks adjusted rates by 0.2–0.5% for medium and long-term deposits. According to experts, deposit interest rates are likely to be adjusted further in the near future, with a further reduction of 0.3-0.5%, mainly for medium and long-term maturities.
TRADING STRATEGY
The stock market closed the week slightly lower at 1,921 points, with slightly higher trading volume compared to the previous session and at the weekly average. Market differentiation returned. Selling pressure increased in leading stocks in the real estate, basic resources, retail, and industrial services sectors. Meanwhile, supportive capital flows improved towards the end of the session in some large-cap stocks in the banking, financial services, oil and gas, and chemical sectors. Foreign investors resumed net selling, but mainly concentrated in a few individual stocks. The VN-Index is currently still fluctuating widely around its historical peak due to a lack of consensus. Overall sentiment remains cautious, especially with increasing volatility during the session, and the index being mainly supported by the pull of a few specific stocks towards the end of the session – when selling pressure showed signs of easing.
The VN-Index is likely to fluctuate around the 1,910-1,930 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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