HIGHLIGHTED NEWS
In the first half of 2025, total cement and clinker consumption reached 53.79 million tons, up 12.7% compared to the same period in 2024. Of this, the domestic market consumed 36.89 million tons, an increase of 15.5% year-on-year, while exports reached 16.9 million tons, up 7.2%. Dr. Luong Duc Long – Vice Chairman and General Secretary of the Vietnam National Cement Association (VNCA) – stated that the recovery trend will become more evident in the second half of 2025, especially as the government strongly promotes public investment, particularly in transportation infrastructure projects. According to forecasts, domestic cement consumption in 2025 is expected to grow by 6%–8.9% compared to 2024, reaching approximately 70.5–72.5 million tons. However, cement exports continue to face challenges due to weakening demand in major export markets, global oversupply, and increasing trade barriers. The Ministry of Construction forecasts total cement consumption in 2025 to reach around 95–100 million tons, an increase of only about 2%–3% compared to 2024. To support the industry, the Vietnam National Cement Association has proposed that the government remove the export tax on clinker. Additionally, the Ministry of Construction has suggested a reduction in export taxes for cement enterprises, and the Prime Minister has tasked the Ministry of Finance with reviewing the proposal. If approved, this policy is expected to give a significant boost to the export channel in the near future.
TRADING STRATEGY
The stock market posted a strong gain and closed at 1,557 points, with liquidity reaching a record high. Capital inflow continued to improve, led by blue-chip stocks in financial services, banking, and real estate, along with mid-cap stocks in industrial services, basic resources, construction, and materials. The VN-Index is expected to fluctuate around the 1,550–1,565 range today.
The market officially set a new all-time high in both points and liquidity on the 25th anniversary of the first trading session of Vietnam’s stock exchange. Capital flow spread widely, especially across sectors with high public interest. Foreign investors returned to strong net selling. The VN-Index remains on an upward trend, aiming for the next resistance zone around 1,580–1,600 points. However, in the short term, after a strong rally with broad consensus, the index may revert to a mixed or sideways movement with sector rotation. Investors can adopt a flexible approach—either continuing to hold strategic portfolios or restructuring by partially taking profits from stocks that have met growth expectations. At the same time, they should seek new investment opportunities in stocks with a stable accumulation base or those supported by capital inflow, while avoiding over-diversification or chasing stocks that have risen sharply.
Investor can see the full Newsletter below:
