Vietnam Insight

Highlights:

• On March 20, the White House announced that high tariffs will be implemented starting on April 2, when U.S. President Donald Trump will announce the tariffs for each country.
• The domestic USD price has increased sharply, as the USD Index is currently at 104.34 points.
• According to preliminary data released by the General Department of Customs (Ministry of Finance) on March 28, Vietnam's total import and export value for the first half of March 2025 (from March 1, 2025 to March 15, 2025) reached 35.66 billion USD, up 10.7% (an increase of 3.44 billion USD) compared to the second half of February 2025.

Technical view: The VN-Index closed the week at 1,317.4 (-4.42 points; -0.33%) with declining liquidity. The index did not change much as only a few large-cap real estate stocks continued to pull the market, while pressure was seen on other sectors. The support and resistance levels are 1,300 and 1,350, respectively. After three consecutive weeks of correction, strong sectors like banks and securities show signs of stabilization, waiting for capital inflows.

Investment ideas: Prioritize holding positions for profits to run. During the uptrend, corrections towards support zones or EMA lines will be opportunities to buy. Expect the securities, banking, and steel sectors to continue attracting capital.