HIGHLIGHTED NEWS
On April 28th, at a meeting on key railway projects, Deputy Prime Minister Pham Gia Tuc requested the acceleration of strategic railway line implementation to achieve sustainable economic growth and long-term infrastructure development. Specifically, the Government requested ministries, sectors, and localities to proactively resolve obstacles in land clearance, improve institutional frameworks, and develop technical standards that are close to international standards but suitable to domestic conditions; partner selection should also be oriented towards technology transfer and enhancing self-reliance. In addition, the Ministry of Construction was also required to prioritize the completion of the feasibility study report for the North-South high-speed railway line by the second quarter of 2026, and to mobilize all available resources, including ODA, to support training and development in the railway sector. The North-South railway project is reportedly 1,541 km long, with a total investment of 1.7 trillion VND, and is expected to start construction in 2026 and be substantially completed by 2035.
TRADING STRATEGY
The stock market recovered to the 1,875 point mark, with liquidity remaining lower than the average of the previous week. Capital flows were diversified, rotating between large-cap stocks in the real estate, finance, and retail sectors. Meanwhile, selling pressure tended to increase in the oil and gas, chemical, basic resources, and utilities sectors. The VN-Index is likely to fluctuate around the 1,865-1,885 point range today.
The market traded sideways within a wide range for the third consecutive session, around the 1,860-1,880 point range, amidst generally cautious sentiment ahead of the holiday and liquidity remaining low compared to the average since the beginning of the month. Foreign investors continued to be net sellers. Currently, the VN-Index is in a period of information scarcity, as macroeconomic factors, while positive, have not yet fully permeated the economy, and the vast majority of businesses have completed the release of their annual financial results and operational plans. Therefore, investors should focus more on screening stocks and accumulating shares for the medium to long term in fundamentally sound companies with reasonable valuations, legal transparency, and natural growth prospects, rather than concentrating on short-term gains or being swept along by general index fluctuations.
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