Vietnam Insight

Stable sentiment – expectation of interest rate cut. In Thursday’s regular session, the major US indices posted strong gains for a third consecutive day: the Dow advanced 1.23%, the S&P 500 rose 2.03%, and the Nasdaq Composite jumped 2.74%. Investor sentiment was supported by hopes of a potential Federal Reserve rate cut, after Cleveland Fed President Beth Hammack indicated that a move could come as early as June if economic data warrants it. Meanwhile, markets continued to digest mixed signals from the Trump administration regarding tariffs and trade negotiations with China

The market is re-accumulating. VNINDEX closed at 1,223.3 (+12.35 points, +1.02%) with lower liquidity compared to the 20-session average. There were 289 gaining stocks and 208 losing stocks, with the upward momentum supported by the telecommunications and real estate sectors, among others. Foreign investors net bought nearly 580 billion VND, with the value mainly concentrated in HPG and MWG 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%.