Vietnam Insight

The market showed relatively positive movement following President Trump's remarks. In Wednesday’s regular session, the Dow climbed 1.07%, the S&P 500 advanced 1.67%, and the Nasdaq Composite surged 2.5%. Markets gained ground after President Trump suggested that tariffs on Chinese goods may not remain at the elevated 145% level. He also reassured investors that he has no plans to remove Fed Chair Powell, helping to calm fears over central bank autonomy. However, the major indexes pulled back from session highs as Treasury Secretary Bessent clarified that Trump had not proposed a unilateral tariff cut and that trade talks with China had yet to begin.

The market is re-accumulating. VNINDEX closed at 1,211 (+13.87 points, +1.16%) with flat liquidity compared to the 20-session average. There were 416 advancing stocks and 120 declining stocks, with the upward momentum supported by the telecommunications, real estate, and industrial sectors... Foreign investors net sold nearly 93 billion VND, with the value mainly concentrated in FPT and MBB stocks.

Trading Strategy: Long-term investors may consider allocating funds into stocks with strong fundamentals and a solid accumulation base at low weight. We can focus on stocks benefiting from domestic internal factors in sectors such as: Steel, banking, securities, and power.

The White House is considering cutting tariffs on China to 50-65%.