Market traded cautiously, at the end of the session VN-Index plummeted, losing 30 points

On October 27, the stock market greeted the new week with a trading session filled with mixed emotions, declining market liquidity and clearly differentiated activities.

Early morning trading was quite optimistic and demand dominated. Around 9-10am, VN-Index increased by over 7 points but selling pressure started to increase. The market shifted to a trend of struggling around the reference area of VN-Index.

By the end of the afternoon, selling pressure completely dominated in the context of the lack of supply. At the end of the session, VN-Index lost 30.64 points to 1,652.54 points. In addition, HNX-Index decreased 1.92 points to 265.36 points. The total trading value in the market reached 33,598 billion VND, the volume of securities transferred was over 1.1 billion units.

Today, foreign investors traded quite balanced, when they sold a total of 1,093 billion VND and bought 1,095 billion VND.

The differentiation between industry groups was very clear. In particular, the essential aviation and real estate trade groups decreased by over 3% in capitalization value. Along with that, the energy, credit institutions, consumer services, financial services groups... decreased by over 1%. On the contrary, the group of hardware and equipment stocks still attracted cash flow and recorded an increase of over 5% in capitalization value. The groups of vehicles and components, essential trade increased by over 2%. The group of stocks that had the biggest influence on the decline of VN-Index were VIC, VHM, TCB, VPB, MWG, CTG...

Overview of the movements of investment funds in Vietnam in September, Fiin Group's report said the total net withdrawal value was more than VND 25 trillion, a sharp increase of 72.7% compared to the same period in 2024. The market recorded 20/36 open-end equity funds reducing the proportion of cash, marking the second consecutive month this trend was maintained. However, some open-end funds managed by Dragon Capital increased the proportion of cash. Specifically, HVN and HPG stocks were among the net buys of funds in the month (by volume). On the contrary, the group of stocks that were net sold were SSI, VND, MBB, TCB, VCB.

Notably, on October 26, the US State Department announced the framework of a proposed trade agreement with Vietnam (as part of President Donald Trump’s Asia tour). This agreement was made after the US imposed a 20% tariff on Vietnamese goods in July. Specific details are still being finalized and are expected to be signed in the coming weeks.

According to Maybank Securities, from the initial rate of 46% in early April, Vietnam negotiated to reduce the reciprocal tax rate to 20% and 40% for transshipped goods in July. However, the detailed definition of transshipped goods has not been given in this framework agreement.

Vietnam has set an ambitious economic growth target of 8.3-8.5% by 2025 and at least 10% over the next 10 years, although global trade uncertainty still threatens to weigh on exports and investment flows, a Maybank report said. In the third quarter, Vietnam recorded economic growth of 8.2%, the fastest pace in three years, as factories ramped up production to ship to the US before higher tariffs took effect.

Accordingly, the report stated: “The US-Vietnam trade agreement framework is an important diplomatic step that helps minimize the risk of catastrophic initial tariffs, thereby strengthening Vietnam’s role in the global supply chain”./.

Key commitments under the framework agreement:

- Vietnam commits to providing preferential market access for nearly all US industrial and agricultural exports to Vietnam.

- The US is considering applying zero tariffs to a number of selected Vietnamese products (specific details have not been announced).

- Other issues: Vietnam agreed to address issues such as recognizing US vehicle standards, easing regulations on importing US medical/pharmaceutical devices, and complying with commitments on international intellectual property and e-commerce. In addition, the US and Vietnam noted recent trade agreements between companies of the two countries in the fields of agriculture, aerospace, and energy worth nearly $11 billion (including Vietnam Airlines' agreement to purchase 50 Boeing aircraft worth more than $8 billion and a memorandum of understanding to purchase $2.9 billion of US agricultural products).

Source: VNA

Source: https://htv.com.vn/thi-truong-giao-dich-than-trong-cuoi-gio-vn-index-lao-doc-mat-30-diem-222251027163753023.htm