HIGHLIGHTED NEWS
Following the activities during the official visit to the Russian Federation, the Vietnamese Government continued to make significant progress in promoting economic cooperation. Specifically, in the energy sector, the two sides agreed to expand cooperation from oil and gas to new areas such as offshore wind power (proposed scale of about 1 GW), while strengthening long-term energy supply, developing storage infrastructure and researching and implementing projects in third countries to strengthen energy security. In the transport sector, railway cooperation was promoted to improve logistics connectivity between Vietnam and the Eurasian region. It is known that the two sides aim to restore and expand international transport on three main corridors: (1) Vietnam - China - Kazakhstan - Russia; (2) Vietnam - China - Mongolia - Russia; (3) Vietnam - China - Russia. Thus, under the witness of the governments of both sides, enterprises of the two countries successfully exchanged four cooperation agreements in the fields of oil and gas, maritime transport, railway and logistics.
TRADING STRATEGY
The stock market rose positively, reaching 1,658 points with improved liquidity compared to the previous trading session. Selling pressure continued to weaken and was only seen in a few individual stocks. Supportive capital flows tended to increase in leading stocks in the real estate, banking, industrial services, construction, and materials sectors. The VN-Index is likely to fluctuate around the 1,650-1,675 point range today.
The market had its second consecutive recovery session since the area around the 1,600 point mark. Although liquidity improved, it remained low compared to the average of the previous trading week. This indicates that the general sentiment remains quite cautious about reinvesting, and the index's rise is mainly due to reduced supply rather than a surge in demand. Foreign investors maintained a net selling position. Overall, the VN-Index is currently in the process of testing and conquering the resistance zone around 1,660 points, while awaiting further information related to global geopolitics. Investors should continue to maintain a reasonable proportion of stocks, avoid panic selling when fluctuations occur, and wait for supporting fundamental factors accompanied by reversal signals to seek new investment opportunities, prioritizing fundamentally sound stocks with attractive valuations or dividend yields.
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