Following a sharp decline, the VN-Index opened down nearly 72 points but quickly rebounded due to a surge in bottom-fishing investment, led by the Vingroup group and banking stocks. VIC stocks even rose by over 5%, contributing significantly to the VN-Index’s recovery of nearly 40 points, returning to the 1,200-point range. Amid the global financial uncertainty, new U.S. tax policies are drawing attention. President Trump imposed a 46% tariff on exports from Vietnam, prompting the Prime Minister to hold an urgent meeting with relevant ministries to devise a response. The Ministry of Industry and Trade has requested the U.S. to postpone this decree. VinaCapital warns that tax pressure may lead to stock sell-offs, but also sees opportunities for investors to buy into fundamentally strong companies. They believe the government will take measures to mitigate the impact of tariffs on GDP growth.
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