Vietnam Insight

Highlights:

• On October 26, 2025, in Kuala Lumpur, Vietnam and the United States announced a new trade framework titled “Fairness – Balance – Cooperation”, aimed at upgrading bilateral economic and trade relations.
• On October 29, 2025, Vietnam and the United Kingdom officially elevated their ties to a Comprehensive Strategic Partnership.
• On October 30, following a two-day policy meeting, the Federal Reserve (Fed) decided to cut the benchmark interest rate by 25 basis points, bringing it down to 3.75–4%.

Technical View: The VN-Index closed the week at 1,639.65 points (-43.53 points; -2.59%), with liquidity continuing to decline. The index faced downward pressure due to intense profit-taking in VIC-related stocks. At present, capital flows have yet to identify a clear leading sector, while foreign investors continue their strong net-selling trend.

Investment Idea: Short-term investors may trade within the 1,600–1,700 range. If the market successfully retests the 1,600-point level, investors may consider allocating funds for medium- to long-term positions, focusing on stocks with strong growth drivers such as those benefiting from an upgrade, robust earnings growth, or valuations that remain lower than the overall market.