HIGHLIGHTED NEWS
The European Commission inspection team is expected to visit Vietnam for the fifth inspection on illegal, unreported and unregulated (IUU) fishing in November. Passing the inspection and having the EC yellow card removed after 8 years could help the Vietnamese seafood industry cut 15-20% of export costs, reduce customs clearance time (currently 100% of seafood shipments originating from fishing are inspected before customs clearance), enhance competitiveness in the EU market with other countries such as Norway, Ecuador and Thailand, as well as gain a pass to other high-end markets such as the US, Japan and Australia. Currently, the EU is the market consuming more than 15% of the country's total seafood export turnover, equivalent to 1.5 billion USD.
TRADING STRATEGY
The stock market continued to recover and closed at 1,685 points with liquidity slightly lower than the previous session. Cash flow diversified back to the destination of small and medium-cap stocks in the industrial service, oil and gas, chemical, construction and materials sectors, and some individual stocks in the financial sector. Meanwhile, selling pressure appeared in leading stocks in the real estate, technology and retail sectors. The VN-Index today is likely to fluctuate around the 1,675-1,695 point area.
The market is currently in the process of recovering after establishing a short-term bottom around the 1,620 point area. The general cautious sentiment and the tendency of cash flow to shift from large-cap stocks with high popularity to basic stocks in the small and medium-cap group will likely cause the VN-Index to rise in doubt with low average liquidity. Therefore, the general recovery of the whole market will be the right time for investors to restructure their portfolios to choose growth stocks with attractive valuations for the end of 2025 and the first half of 2026.
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