The performance of the Vietnamese stock market ahead of US tariffs is attracting significant investor attention. These fluctuations are profoundly impacting the financial market, causing many to worry and seek 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 upcoming changes.
Many investors expressed optimism about the market as capital flowed across various sectors, rotating between ports, securities, fisheries, agriculture , information technology, insurance, and banking.
Most surprisingly, after a period of net selling, foreign investors suddenly reversed course and made net purchases worth over 5,100 billion VND on the HOSE last week.
Mr. Nguyen Thai Hoc, an analyst at Pinetree Securities Company, noted that the market experienced significant fluctuations last week as information regarding the retaliatory tariffs that the US intends to apply to Vietnamese goods was revealed.
The highlight was the record net buying activity from foreign investors, exceeding 5,000 billion VND – the highest level since early December 2022, when the VN-Index bottomed out around 970 points.
In the last five years, only two weeks have recorded larger net buying volumes, coinciding with the market bottoms of July 2020 and December 2022. This could be a positive sign for the VN-Index in the long term.
Next week, the stock market is expected to continue to be influenced by information regarding US tariff policies as the 90-day tariff moratorium deadline – July 8th – approaches.
Vietnamese stock market performance ahead of US tariffs and investment opportunities in Q2/2025
According to experts at Pinetree Securities, the VN-Index has risen for three consecutive weeks and is currently in its highest price range in the past three years. Therefore, profit-taking sentiment will gradually emerge, and the likelihood of further breakthroughs is low as the new driving force remains unclear.
The market will be receiving more Q2 earnings reports from listed companies – a key factor driving differentiation based on the individual stories of each industry group and stock.
"Although the risk of a sharp correction is not significant given that foreign investors continue to net buy in many sectors, the likelihood of a strong upward trend forming is also quite low. The appropriate strategy is to continue observing and selectively choosing investment opportunities in stocks with positive profit prospects, unique supporting factors, and especially those that are strongly net bought by foreign investors," said Mr. Nguyen Thai Hoc.
Experts at SHS Securities Company also believe that the short-term trend of the VN-Index maintains growth above the 1,350-point support level but is facing downward pressure around the 1,400-point mark.
Investors should maintain a reasonable allocation, focusing on stocks with strong fundamentals, leading companies in strategic sectors, and those with outstanding growth potential in the economy .
Mr. Dinh Quang Hinh, Head of Macroeconomics and Market Strategy at VNDIRECT Securities Company, believes that with a positive macroeconomic environment, the business results picture for the second quarter of 2025 will have many bright colors.
"Investors can take advantage of market fluctuations and corrections to restructure their portfolios, increasing the proportion of sectors with positive prospects such as banking, securities, consumer goods, and retail," Mr. Hinh recommended.
Source: https://nld.com.vn/ngong-thue-quan-chung-khoan-viet-se-dien-bien-the-nao-196250705224305712.htm
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