HIGHLIGHTED NEWS
At the Business and Investment Forum held on March 24th, the European Union (EU) announced a support package of over €560 million for Vietnam, focusing on the development of transport infrastructure and clean energy, while also opening up opportunities to mobilize large-scale concessional capital in the future. Notable among these is the €40 million Sustainable Transport Development Fund, aimed at supporting the implementation of key transport infrastructure projects, along with the expectation of mobilizing over €1 billion in concessional loans. Simultaneously, the EU is also providing a €230 million loan for the Bac Ai pumped-storage hydropower project, contributing to improved energy storage and regulation. In addition, another financing package worth €200 million is designed specifically to support businesses in accessing capital in the fields of renewable energy, energy efficiency, and electrified transport. Notably, numerous cooperation agreements between businesses in the fields of logistics, digital healthcare, and industry have also been signed, demonstrating a growing trend of deeper cooperation between the two sides.
TRADING STRATEGY
The stock market recovered to the 1,614 point mark, with liquidity falling to its lowest level in about two months. Selling pressure eased and was mainly concentrated in some individual oil and gas stocks. Conversely, supportive capital flows spread across most sectors, led by the financial, real estate, and industrial services sectors. The VN-Index is likely to fluctuate around the 1,605-1,630 point range today.
The market is currently showing signs of recovery since the support area around 1,600 points, thanks to more positive moves from all sides in resuming negotiations and resolving geopolitical conflicts. However, overall sentiment remains cautious as official joint statements have yet to be released, and international market fluctuations have not yet met expectations. In the short term, the VN-Index may recover further towards the 1,640-1,660 point resistance area to test the supply-demand balance, while awaiting further developments from the countries directly involved in the conflict. The trading strategy for investors will remain to maintain a reasonable proportion of stocks, avoid panic selling during market fluctuations, and wait for supporting fundamental factors and reversal signals to reinvest, prioritizing fundamentally sound stocks with attractive valuations or dividend yields.
Investor can see the full Newsletter below:
