Vietnam Insight

Global stock markets are in turmoil, with many markets "pulling the plug" on trading. On Monday, the Dow and S&P 500 fell for a third consecutive session, losing 0.91% and 0.23%, respectively. All three major indexes initially surged early in the session on speculation of a 90-day tariff pause, a rumor that was swiftly denied by the White House. Meanwhile, Treasury Secretary Scott Bessent revealed that nearly 70 countries, including Japan, have reached out to the administration to discuss tariff negotiations. Looking ahead, investor focus shifts to key inflation data due later this week, which could influence expectations around the Federal Reserve’s next move on monetary policy.

The market continued its downward trend. VNINDEX closed at 1,210.67 (-19.17 points, -1.56%) with record liquidity, doubling the 20-session average. Blue-chip stocks helped the market narrow its losses. Several stocks in sectors such as industrial real estate, energy, and import-export still fell by 5-6%. Foreign investors were net sellers of 2,820 billion VND, mainly focusing on FPT and ACB.

Trading Strategy: Investors should not rush to bottom-fish when the index may continue to decline. It's necessary to wait for the market to establish a price base for at least 2-3 sessions. For stocks that violate the short-term cut-loss threshold, investors should sell to protect their accounts.

The Prime Minister: Requested the United States to postpone applying tariffs on Vietnam for at least 45 days.