Vietnam Insight

Highlights:

• The Land Law of 2024 comes into effect on August 1, 2024.
• The Ministry of Finance plans to tighten fiscal policy after nearly 900 trillion dong in stimulus over the past 5 years.
• The United States Has postponed its decision on whether to grant Vietnam market economy status until August 2nd.

Technical view: The VNINDEX continued a week of declines, closing at 1,236 (-5.51 points, -0.44%) with low weekly trading volume. On the daily chart, after a sharp decline of over 20 points on Thursday, the market recovered nearly 10 points. However, a downtrend is evident as subsequent lows and highs have been consistently lower than the previous ones since mid-July.

Investment Ideas: We recommend that investors take advantage of any rebounds to sell stocks that have breached their stop-loss levels. Prioritize holding more cash and selectively choosing stocks with strong fundamentals.

• Movement of cash flows and capital flows
• Top stocks worth noting
• Macro data