Vietnam Insight

Highlights:

• At the 10th session of the 15th National Assembly, during group discussions on the Draft Resolution introducing several mechanisms and policies to address obstacles in implementing the Land Law, delegates analyzed shortcomings in land acquisition, valuation, compensation, and resettlement processes.
• The United States has exempted a range of products from retaliatory tariffs, potentially benefiting several of Vietnam’s key export sectors.

Technical View: The VN-Index closed the week at 1,654.9 (+19.4 points; +1.19%) with liquidity still showing no meaningful improvement. The index has returned to the 1,600–1,700 trading range. This week’s gain was mainly driven by the real estate group including VIC, VHM, and other stock such as VJC. Foreign investors continued to register net selling. Under the base-case scenario, we expect the market to maintain above the 1,600 level.

Investment Idea: For trading-oriented investors: Consider buying near the 1,600 zone and taking profit around 1,700, prioritizing stocks with stronger relative price performance compared to the broader market. For medium- and long-term investors: Gradual accumulation can begin in sectors with solid earnings and attractive valuations, such as banking, financial services, and construction materials, power,…