The VN-Index has increased by 109 points (8.6%) year-to-date, reaching 1,376.07 points, with this rise exclusively attributed to Vingroup stocks (VIC, VHM, VPL, VRE). This growth appears concentrated among a few large stocks while many others have seen declines. Although Vingroup shares have skyrocketed, investors worry that a correction in this group could negatively impact the market. Current conditions suggest profit-taking pressure at this 3-year high, coupled with challenges like global economic instability and foreign capital withdrawals. In this context, VNDirect maintains a positive outlook regarding tariff negotiations between Vietnam and the U.S., forecasting the VN-Index to hit 1,450 points by the end of 2025, supported by high GDP growth and macroeconomic stability.
Leave a Reply