Vietnam’s stock market continued its upward momentum for the fifth consecutive session, approaching the 1,400-point mark, while US markets hit new records after President Donald Trump announced a new trade agreement with Vietnam.

At the opening of the July 3 session, major Vietnamese stocks continued to rise. The VN-Index added nearly 4 points, reaching close to 1,390. Liquidity on the Ho Chi Minh Stock Exchange (HoSE) was robust, surpassing VND 5,400 billion (approx. USD 212 million) by 9:40 AM.

Key sectors like banking, consumer goods, retail, and energy led the gains. Notable increases included Vinhomes (VHM) up VND 800 to VND 76,800 per share, Mobile World (MWG) up VND 1,100 to VND 65,900, and Masan (MSN) up VND 400 to VND 75,600.

On July 2, the market closed at its daily high with a trading volume spike nearly 12% above the 20-session average. Securities stocks surged with an average increase of 4.3%, pushing the VN-Index up nearly 7 points to its highest level since April 2022.

According to CSI Securities, resistance is expected around 1,398-1,418 points, where selling pressure could increase despite the prevailing bullish trend.

Regarding Vietnam's goal of upgrading its stock market classification, the Ministry of Finance is intensively implementing institutional reforms, technical infrastructure improvements, and investor experience enhancements. These efforts aim to support a market upgrade in the September 2025 review cycle, which could attract substantial foreign investment.

Globally, the S&P 500 hit an all-time high on July 2 after President Trump referenced a significant trade deal with Vietnam. This came despite a surprise drop in US private-sector employment in June, fueling concerns over the US economy. The S&P 500 rose 0.5% to 6,227.42, while the Nasdaq Composite jumped nearly 1%.

Nike, which manufactures about half of its footwear in Vietnam and China, gained 4% in the session.

The market responded positively to Trump’s pledge to significantly reduce retaliatory tariffs on Vietnamese goods, boosting both Vietnamese and US stocks.

According to Maybank Securities (MBKE), this tax agreement eliminates a major uncertainty and strengthens the foundation for the VN-Index to target the 1,500 mark. Pham Luu Hung, Chief Economist and Director of SSI Research, called the news a “positive signal,” easing investor concerns ahead of the key July 9 deadline.

Hung emphasized the importance of comparing US tariffs across ASEAN and other regions. If differences remain minimal, Vietnam will continue to attract FDI due to its favorable land access, business support mechanisms, and high-tech growth potential.

Manh Ha