How did stocks react to the news that the US would significantly cut taxes on Vietnamese goods?

Vietnam stocks rose for the fifth consecutive session, reaching 1,400 points, while US stocks set a new record after US President Donald Trump announced the US-Vietnam trade agreement.

Opening the morning trading session on July 3, most of the key stocks on the Vietnamese stock market continued to increase in price. The VN-Index recorded its fifth consecutive increase, adding about 4 points to nearly 1,390 points.

Liquidity on HoSE on the morning of July 3 was quite high, reaching over VND5,400 billion as of 9:40 am Many stocks in the banking, consumer, retail and petroleum groups increased in price, becoming the main driving force for the market's upward momentum.

Some large stocks recorded significant increases such as Vinhomes (VHM) increased by VND800 to VND76,800/share; Mobile World (MWG) increased by VND1,100 to VND65,900/share; Masan (MSN) increased by VND400 to VND75,600/share.

General Secretary To Lam talks on the phone with US President Donald Trump. Photo: VNA

In the previous session, on July 2, the Vietnamese stock market recorded a rather impressive increase, closing at the highest level of the session with an explosive matching volume exceeding the 20-session average (up nearly 12%).

Securities stocks rose sharply across the board, with an average increase of nearly 4.3%. The VN-Index increased by nearly 7 points to nearly 1,385 points - the highest level since the end of April 2022.

In recent sessions, groups of stocks have taken leading turns, helping the VN-Index maintain a positive upward trend.

However, according to CSI Securities, currently, the strong resistance level (1,398-1,418 points) is very close and it is highly likely that VN-Index will face strong selling pressure at this point even though the uptrend is still overwhelming.

Regarding the goal of upgrading the stock market, a representative of the Ministry of Finance said that this is a key task, being implemented resolutely, methodically and thoroughly, with close coordination between management agencies.

The Ministry of Finance and the State Securities Commission are simultaneously implementing solutions, focusing on institutional reform, upgrading technical infrastructure and improving investor experience, aiming to upgrade the market in the September 2025 assessment period.

According to the Ministry's representative, when upgraded, the Vietnamese stock market will have the opportunity to attract large-scale international capital flows.

Globally, at the end of the trading session on July 2 (early morning of July 3, Vietnam time), the S&P 500 index set a new record high after US President Donald Trump mentioned the US-Vietnam trade agreement, despite a new report showing that the number of US private sector jobs unexpectedly decreased in June 2025, raising concerns about the US economic situation.

specifically, on July 2, the S&P 500 index increased nearly 0.5% to 6,227.42 points - an all-time high during the session and a record closing high. The Nasdaq Composite index also increased nearly 1%, reaching a new peak.

Shares of Nike, which makes about 50% of its footwear in Vietnam as well as China, rose 4%.

Thus, after the US President affirmed that he would significantly reduce reciprocal taxes on Vietnamese goods, both Vietnamese and US stocks performed positively.

According to Maybank Securities Company (MBKE), this tariff agreement helps eliminate an uncertain factor, creating a solid foundation for the VN-Index to move towards the 1,500 point mark.

Mr. Pham Luu Hung, Chief Economist and Director of SSI Research, also assessed that the agreement information is a positive signal, helping to reduce risks for investors before the deadline of July 9.

Mr. Hung noted that we should look at the US tax rates for ASEAN countries and other countries in the region. If the difference is not too large, FDI capital flows will still prioritize choosing Vietnam thanks to its advantages in land access, business support mechanisms and high-tech development potential.

Gold prices fluctuate in the global heat wave, SJC gold bars under great pressure . World gold prices have fluctuated strongly in the past 3 months, sometimes plummeting from the peak and then rising following the shaking decisions of US President Donald Trump. Meanwhile, the price of SJC gold bars hovers around 120 million VND/tael.

Source: https://vietnamnet.vn/chung-khoan-phan-ung-ra-sao-khi-my-se-cat-giam-dang-ke-thue-cho-hang-viet-nam-2417787.html