Vietnam Insight

Highlights:

• On June 4 in Paris, Minister of Industry and Trade Nguyen Hong Dien and U.S. Trade Representative Jamieson Greer reaffirmed their commitment to finalizing a bilateral tariff agreement.
• After strong growth in the early months of the year, Vietnam's seafood exports showed signs of slowing in May 2025, reaching only USD 851 million — a modest 2.7% y/y increase. This was the lowest monthly growth rate so far this year.
• Out of the over VND 800 trillion in public investment capital allocated by the government, nearly VND 200 trillion has been disbursed, equivalent to a 24.3% disbursement rate — higher than the same period last year in both absolute and relative terms.

Technical view: The VN-Index closed the week at 1,329.89 points (-2.71 pts; -0.2%) with moderate liquidity. The sideways movement at the peak suggests supply and demand are in balance, and capital continues to rotate among various sectors. In the short term, signs of correction/profit-taking are emerging, but the long-term trend remains upward, as the index stays above the 20-day moving average (MA20).

Investment ideas: Investors should refrain from initiating new positions in stocks that have already risen sharply, as profit-taking may occur and capital could shift to underperforming stocks trading below the MA200/MA50. For new positions, consider sectors such as real estate, steel, and banking, which are currently at low price bases with established accumulation zones — but keep new allocations conservative.