Vietnam Insight

Highlights:

• US President Donald Trump has not taken any official action on the tariff issue. He is considering imposing a 25% tariff on imports from Canada and Mexico, and increasing tariffs on Chinese goods by 10% from February 1.
• The optimistic outlook on President Trump's new economic policies and the positive signs of economic growth have helped global stock markets experience an exciting week of trading
• The 2024 earnings landscape is becoming clearer. Banking profits have enjoyed a positive uptick, but the securities sector's performance has been a tale of two halves.

Technical view: VN-Index closed the week at 1,265 points (+15.94 points; +1.28%) with trading volume remaining low. The market successfully overcame the important resistance level of 1,255 points thanks to the efforts of large-cap stocks. VN-Index is expected to return to retest the resistance level of 1280. The overall market trend continues to trade within the range of 1,220 – 1,300, a positive sign is the improving upward-trending support channel.

Investment ideas: A short-term trading strategy would be more suitable during this period. Investors may consider deploying capital around the 1,240-point level and gradually take profits as the index moves towards 1,300 points. The banking sector is a group that could be considered