Vietnam Insight

Highlights:

• The Ho Chi Minh Stock Exchange (HoSE) officially announced the launch of its new information technology system starting from May 5, 2025.
• On April 22, President Trump stated that he was not seeking a "hardline" stance with Beijing and that the 145% tariff imposed on Chinese goods would significantly decrease in the future. On April 23, the Wall Street Journal (USA) quoted an anonymous senior White House official, saying the tariff could be reduced by 50-65%.

Technical view: The VN-Index closed the week at 1,229 (+10.11 points; +0.83%) with a slight improvement in liquidity. The market formed a long-legged doji candlestick on the weekly chart, indicating a strong buying interest at lower price levels. However, the increase in points mainly came from the VIC group, suggesting that the market breadth was not high.

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