Vietnam Insight

The Fed’s Beige Book reported that "uncertainty remained elevated“. U.S. stock futures fell slightly after modest gains on Wall Street Wednesday, as traders digested comments from President Trump, who said he is “not planning on doing anything” to remove Fed Chair Powell. Meanwhile, the Fed’s Beige Book reported that “uncertainty remained elevated,” leading businesses to remain cautious. On the data front, U.S. producer prices were flat in June, after an upwardly revised 0.3% rise in May. Annual wholesale inflation eased to 2.3%, the lowest since September. In corporate news, Tesla is preparing to launch a longer, six-seat version of its Model Y SUV in China, aiming to regain ground from local competitors with newer offerings. Johnson & Johnson topped Wall Street’s quarterly sales estimates and raised its FY guidance, despite mounting industry pressures from tariffs and potential drug price regulation. Meanwhile, ASML CEO Christophe Fouquet dialed back his 2026 sales growth forecast, citing trade disputes and geopolitical tensions as key headwinds.

Mid Cap attracts investment flow. VNINDEX closed at 1,475.47 (+9.25 points, +1.01%) with liquidity around the 20-session average. The market had 215 gainers and 103 losers. The stocks that contributed the most to the market's growth were VIC, HPG, CTG while VPL GVR VJC contributed to the market's decline. Foreign investors net bought about 236 billion, the value mainly concentrated in HPG and SSI stocks.

Trading Strategy: In technical correction sessions, investors can consider disbursing part of the investment in stocks with good business results expectations and benefiting from market upgrade expectations. Investors can consider investing in stocks that have attracted foreign investors recently, such as banking and real estate.