HIGHLIGHTED NEWS
According to S&P Global, Vietnam’s manufacturing Purchasing Managers' Index (PMI) rose to 52.3 points in October 2026, up from 51.9 points the previous month, marking 16 consecutive months of improving business conditions. However, output growth slowed to a six-month low, the pace of new order growth decelerated, and export orders continued to decline. Meanwhile, rising oil prices and transportation costs pushed input costs up at their fastest rate since June, leading to a sharper increase in selling prices. Despite this, business confidence reached an eight-month high.
According to Reuters, the United States has set a deadline of November 29 to conclude an investigation into allegations that Vietnam has violated intellectual property rights, following the placement of Vietnam on the most serious watch list regarding this issue. The investigation could result in the imposition of additional import tariffs, though the specific rates and scope have yet to be determined. Currently, the U.S. imposes an additional 12.5% tariff on a large portion of Vietnamese goods, following a separate investigation concerning forced labor.
TRADING STRATEGY
The stock market underwent a correction, closing at 1,710.72 points, with liquidity exceeding the 20-day average. Selling pressure emerged broadly quite early in the session and intensified toward the close across most sectors. Meanwhile, gains in select individual stocks—within the financial services, construction and materials, and real estate sectors—helped provide some support to the overall index. Foreign investors returned to being net sellers. A cautious sentiment, combined with weakening capital inflows, amplified the corrective pressure across a wide range of stocks, pushing the VN-Index back toward the psychological level of 1,700 points. Although some market stocks showed signs of recovery toward the end of the session, buying demand was insufficient to shift the prevailing trend. It is likely that the market will remain in a state of tug-of-war, with the possibility of a recovery in the coming sessions still open.
Today, the VN-Index may fluctuate within the 1,690–1,720 point range. Short-term investors should closely monitor market developments and manage their portfolio weightings by focusing on specific positions; they should avoid spreading capital too thinly or chasing rallies when signs of recovery appear. Conversely, medium- to long-term investors may continue to hold stocks with favorable business growth prospects for the second half of 2026.
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