VN-Index approaching 1,400 points, should investors buy or sell?

(NLDO) – The business results of the first 6 months of the year, the time approaching the deadline for the postponement of reciprocal tariffs between Vietnam and the US… will impact the stock market next week.

Despite many predictions that the market will correct and fluctuate strongly at its highest level in more than 3 years, VN-Index still recorded another week of positive trading.

Closing the trading week of June 23-27, VN-Index temporarily stopped at 1,371.44 points, setting a new peak of the year. Stock prices increased positively in the retail, industrial park, seafood, construction, technology, real estate groups... Strong adjustment pressure in the oil and gas group when oil prices fell sharply after the ceasefire agreement in the Middle East.

Talking to reporters of Nguoi Lao Dong Newspaper, some investors said they were surprised by the market developments last week, with many times the VN-Index fell sharply but recovered immediately during the session. Some investors sold stocks to take profits, waiting for the market to fall to buy back. However, the result was that stocks continued to increase.

VN-Index hits peak of the year

Mr. Nguyen Thai Hoc, an analyst at Pinetree Securities Company, said that the fact that VN-Index has increased for two consecutive weeks, surpassing the old peak at the end of March, is a positive signal for the market.

According to Mr. Hoc, the main driving force for the market to improve last week came from speculation surrounding the possibility that Vietnam had reached a reciprocal tax agreement with the US, with a lower tax rate than initially feared, only about 15%, and some items may even be subject to a tax of only 10%.

However, he also noted that the market has not yet shown a clear consensus of cash flow. Sectors take turns leading the index, with retail, technology and telecommunications stocks standing out last week.

The stock market next week is expected to have a lot of information impacting it.

Mr. Nguyen Thai Hoc commented that next week, the market may be strongly affected by a series of factors appearing at the same time, notably the NAV (net assets) closing session for the second quarter at the beginning of the week, along with early information on the business results of the first 6 months of the year of large enterprises. In particular, the market is approaching the time of the postponement of reciprocal tariffs between Vietnam and the US on July 8, making investors even more cautious.

Meanwhile, experts from SHS Securities Company believe that the market is currently placing high expectations on the reciprocal tax rate after trade negotiations as well as the business results of the second quarter of 2025. This could open up short-term opportunities for many groups of stocks to recover to price ranges before being sold off heavily due to concerns about tax imposition.

However, SHS recommends that new investors at this time should base their purchases on updating and carefully analyzing the fundamental factors and business valuation, focusing on growth prospects in the second half of the year. The preferred strategy is still to hold and wait for a re-evaluation of the stock's fundamental factors.

---

Vietnam Construction Securities Company (CSI) continues to maintain an optimistic view on the market, predicting that the VN-Index may head towards the resistance zone of 1,398 - 1,418 points in the trading sessions next week. According to CSI, investors should maintain their current portfolio and patiently wait for the index to approach the above resistance zone before considering taking profits.

Mr. Nguyen Thai Hoc said that the second half of next week will be a particularly noteworthy period, when information related to semi-annual business results and progress in trade negotiations is likely to be announced. However, he also warned that risks still exist if the negotiation results do not meet expectations. "Investors should remain cautious, especially with new disbursement decisions," Mr. Hoc emphasized.

Source: https://nld.com.vn/vn-index-ap-sat-1400-diem-nha-dau-tu-nen-mua-hay-ban-196250629094339316.htm