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%.
• Imports and exports in the first half of April 2025 increased by 16.5% year-on-year, with the FDI sector still dominating.

Technical view: The VN-Index closed the week at 1,226.3 (-2.93 points; -0.24%) with low liquidity. The market experienced minimal fluctuations in the context of the upcoming holiday. The general trend remains sideways after a recovery from the bottom.

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