Vietnam Insight

Trump exempts smartphones and computers from reciprocal tariffs. Late Friday, the Trump administration announced that smartphones, computers, and other tech products would be temporarily exempt from the new tariffs on Chinese imports. However, President Donald Trump noted that while certain products are exempt from the new tariffs, they remain subject to the existing 20% Fentanyl Tariffs and are being reclassified into a different tariff category. Investors are also turning their attention to earnings reports from major corporations set to report this week, including Goldman Sachs, Johnson & Johnson, Bank of America, Netflix, and United Airlines. Last week, markets initially sold off amid growing concerns over the global trade war but rebounded sharply after Trump announced a 90-day delay on most of the tariffs. The Dow gained 4.95%, the S&P 500 climbed 5.7%, and the Nasdaq Composite surged 7.29%.

The market simultaneously surged to its ceiling limit right at the opening. VNINDEX closed at 1,168 (+74.04 points, +6.77%) with record low liquidity. Almost all industry groups hit their ceiling limit from the opening bell. The market had 534 green (advancing) stocks and 7 red (declining) stocks. Foreign investors net sold 855 billion VND

Trading Strategy: Investors should not rush to bottom-fish as the volume of shares bought during previous bottom-fishing sessions may return and create strong selling pressure. It is necessary to wait for the market to build a stable price base before entering a buying position

The Prime Minister requests maximum and satisfactory resolution of trade issues that the US is concerned about.