Vietnam Insight

The US has sent Iran a 15-point proposal to resolve the conflict. US stock futures advanced on Wednesday following reports that Washington was pursuing talks with Iran to end the conflict. Dow and S&P 500 futures each rose about 0.7%, while Nasdaq 100 futures gained 0.8%. President Donald Trump said Iran had offered a gesture of goodwill in negotiations tied to energy flows through the Strait of Hormuz, while the New York Times reported that the US had sent Iran a 15-point proposal to resolve the conflict. This lifted sentiment even after President Donald Trump ordered the deployment of roughly 2,000 troops to the region, as the administration considered options to ease Iran’s grip on the critical chokepoint. In regular trading on Tuesday, the Dow fell 0.18%, the S&P 500 lost 0.38%, and the Nasdaq Composite dropped 0.84% as conflicting Middle East developments kept tensions elevated. Investors now turn to US export and import price data due Wednesday, along with earnings from Chewy, Paychex, and others. The yield on the 10-year US Treasury note rose to above the 4.4% threshold on Tuesday, the highest in eight months, as pro-inflationary risks and higher deficit spending due to the war in the Middle East lifted the outlook for US rates

Short-term correction. VN-Index ended the trading day at 1,614.77 (+23.60 points, +1.48%), trading volume lower than average 20 latest sessions. There were 273 stocks ended in green, 59 ended in red. Stocks that had exerted the most significant downward pressure on the index were VIC, PLX and TCX; whereas VPB, CTG and TCB contributed positively to the index. Foreign net sold VND 581 bn, notably VIC and MWG, while foreign bought strongly BSR and VCK.

Trading Strategy: Investors may consider accumulating positions gradually during market pullbacks. However, given the ongoing uncertainty surrounding geopolitical developments, we recommend maintaining a moderate equity exposure to manage risk. In the current environment, sectors driven by domestic factors—such as public investment, banking, and construction materials—may be prioritized. At the same time, market declines triggered by cross-margin calls could present opportunities to accumulate stocks at attractive valuations.