Vietnam Insight

Highlights:

• The State visit to Vietnam by Chinese President and General Secretary Xi Jinping was successful in all aspects on April 14-15, 2025.
• President Donald Trump declared that he does not want to impose additional tariffs on Chinese goods.
• On Thursday, April 17, President Trump criticized Fed Chairman Jerome Powell, accusing him of "playing politics" by not cutting interest rates and asserting that he could fire Powell "very quickly.“

Technical view: The VN-Index closed the week at 1,219 (-3.34 points; -0.27%) with flat liquidity. After a strong recovery last week, the market is now in the process of setting a new equilibrium zone, with prices and liquidity showing little fluctuation. This is a phase where the index will await new news to determine the trend. The 1,060 – 1,200 range could be the trading zone for the index in the near term.

Investment ideas: Long-term investors may consider deploying capital in stocks with strong fundamentals that benefit from domestic factors, such as steel, banking, securities, and energy sectors.