"Waiting" for tariffs, how will Vietnamese stocks perform?

The performance of Vietnamese stocks in the face of US tariffs is attracting investors’ attention. These fluctuations have a profound impact on the financial market, causing many people to worry and look for opportunities.

Experts predict the situation will continue to evolve, requiring close monitoring from investors. Let’s explore the key factors influencing this development and prepare for the changes to come.

Many investors expressed optimism about the market as cash flow spread to many sectors, with rotation among sectors such as seaports, securities, fisheries, agriculture , information technology, insurance, banking, etc.

The most surprising thing is that after a period of net selling, foreign investors "turned around" and suddenly bought net with a value of more than 5,100 billion VND on HOSE last week.

Mr. Nguyen Thai Hoc, analyst at Pinetree Securities Company, commented that the market last week recorded many fluctuations when information about the reciprocal tax that the US intends to apply to Vietnamese goods was revealed.

The focus was on record net buying from foreign investors with a value exceeding VND5,000 billion - the highest level since early December 2022 - when the VN-Index bottomed around 970 points.

In the past 5 years, only two weeks recorded a larger net buying volume, falling right at the bottom of the market in July 2020 and December 2022. This could be a positive signal for the VN-Index in the long term.

Next week, the stock market is expected to continue to be affected by information from the US tariff policy as the 90-day tax suspension deadline - July 8 - approaches.

Vietnam stock market performance before US tariffs and investment opportunities in the second quarter of 2025

According to Pinetree Securities experts, VN-Index has increased for 3 consecutive weeks and is at its highest price range in the past 3 years. Therefore, profit-taking psychology will gradually appear and the possibility of a further breakout is not high when the new momentum is still not really clear.

The market will receive more second-quarter business results reports from listed companies - the main factor leading to differentiation according to the individual stories of each industry group and each stock.

"Although the risk of a strong correction is not high in the context of foreign investors continuing to net buy in many industry groups, the possibility of a strong uptrend forming is also quite low. The appropriate strategy is to continue observing and selecting investment opportunities in stocks with positive profit prospects, with distinct supporting factors, and especially with strong net buying by foreign investors" - Mr. Nguyen Thai Hoc said.

Experts from SHS Securities Company also believe that the short-term trend of VN-Index is to maintain growth above the support zone of 1,350 points but is under correction pressure at the price zone of 1,400 points.

Investors should maintain a reasonable proportion, focusing on stocks with good fundamentals, leading in strategic industries, and outstanding economic growth.

Mr. Dinh Quang Hinh, Head of Macro and Market Strategy Department, VNDIRECT Securities Company, commented that with a positive macro context, the market's business results in the second quarter of 2025 will have many bright colors.

"Investors can take advantage of the shaky and adjusting sessions to restructure their investment portfolios, increasing the proportion of sectors with positive prospects such as banking, securities, consumer and retail," Mr. Hinh recommended.

Source: https://nld.com.vn/ngong-thue-quan-chung-khoan-viet-se-dien-bien-the-nao-196250705224305712.htm