The VN-Index closed at 1,332.6 points on May 30, 2025, marking an 8.7% increase from the end of April. This positive shift can be attributed to the latest developments in trade negotiations and supportive macroeconomic signals. While the average matched order value on HOSE decreased by 6.9% to 19,810 billion VND per session, the HNX-Index and UPCoM-Index showed declines of 5.03% and 0.53%, respectively. The corresponding average matched order values for these indexes were 520 billion VND (a 27.9% drop) and 1,162 billion VND (a 3.4% decrease).
 |
Foreign investors turned to net buyers in May after consecutive months of net selling, with a total value of 914 billion VND through matched orders and agreements. Their focus was primarily on banking (MBB with 1,528 billion VND) and retail (MWG with 982 billion VND). Individual investors maintained their net buying trend since the beginning of the year, although the pace has notably slowed down.
Looking ahead to June, the risks associated with trade policies have significantly diminished following the second round of negotiations between Vietnam and the United States. In the short term, trading is expected to remain favorable, buoyed by an improved sentiment as concerns over economic growth recede. This reinforces the earlier base case scenario for growth. While the VN-Index posted an impressive 8% monthly gain, the recovery has been uneven across sectors. Investors are advised to seize opportunities to rebalance their portfolios and anticipate the rotation of capital between industries.
Despite the relatively stabilized environment, investors should remain vigilant about potential risks, especially with the 90-day tariff suspension nearing its end. In anticipation of significant events or unexpected risks, investors may consider increasing their buying power or employing futures contracts to safeguard their portfolios from potential losses.
– 10:31 06/07/2025
