HIGHLIGHTED NEWS
At the Government Headquarters, Deputy Prime Minister Bùi Thanh Sơn held a phone conversation with the Vice President of the European Commission (EC) to discuss Vietnam-EU relations and international and regional issues of mutual interest. Deputy Prime Minister Bùi Thanh Sơn emphasized the need for both sides to continue effectively implementing the EU-Vietnam Free Trade Agreement (EVFTA) and to facilitate the promotion of stronger trade and investment cooperation between Vietnam and the EU, especially in the context of current global trade challenges. Vietnam also called on the EU to soon lift the "yellow card" on seafood exports, accelerate the ratification of the EU-Vietnam Investment Protection Agreement (EVIPA), and encourage European businesses to invest in Vietnam’s key projects. The EC Vice President acknowledged and highly appreciated the Deputy Prime Minister’s remarks, expressing the desire for both sides to enhance dialogue and soon upgrade the partnership to a Comprehensive Strategic Partnership.
According to the Vietnam Innovation and Technology Investment Report, total venture capital in 2024 reached USD 529 million, contributed by nearly 100 investment funds. Mr. Vinnie Lauria, Founder of Golden Gate Ventures, stated that investment inflows into the technology and innovation sectors in Vietnam will not be significantly affected by the impact of the global trade war. However, to realize the goal of attracting USD 35 billion into innovation by 2035, Mr. Lauria recommended three key reforms Vietnam should undertake: allowing Vietnamese citizens to own shares in foreign companies, especially tech firms; facilitating visa issuance for international experts working in Vietnam; and streamlining airport procedures. The upcoming VIPC Summit 2025, scheduled for April 22 in Hanoi, is expected to serve as a vital bridge connecting Vietnam with major investment funds and prominent financial institutions such as CDH Investments, Partech Ventures, Temasek, Do Ventures, Golden Gate Ventures, and Vina Capital.
TRADING STRATEGY
The stock market declined, retreating to the 1,210-point level, with trading liquidity decreasing compared to the previous session. Investor sentiment turned cautious, with weakening demand and increasing selling pressure in real estate, technology, and industrial services stocks. On the other hand, select stocks in the financial and telecommunications sectors played a positive role in supporting the overall index. The VN-Index is expected to fluctuate around the 1,200–1,220 point range in today’s session.
The market is currently experiencing a period of volatility and cooling down after a strong recovery phase from the 1,070–1,080 point bottom. Profit-taking pressure and portfolio rebalancing are showing signs of increasing. Foreign investors have temporarily paused their heavy net selling. As a result, sectoral divergence is becoming more pronounced, with stocks that are outperforming the general market being those supported by foreign capital or less affected—either directly or indirectly—by global trade fluctuations. In the short term, the VN-Index is likely to take a brief pause until new catalysts emerge, such as Q1 2025 earnings reports or updates on resolving tax-related issues. Investors are advised to continue restructuring their portfolios, maintaining a reasonable stock proportion, focusing on selective trades, and avoiding over-diversification.
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