Vietnam Daily Market Recap April 4 2025 – OIL Update

Stocks sink for second day as investors eye tariff negotiations

The VN-Index fell sharply on Friday at the open, but subsequently recovered throughout the session, closing down 1.6% at 1,219.7. Market liquidity maintained yesterday’s strong momentum, with total trading value rising 6.5% to VND42.2tn (USD1.6bn). The HNX Index also plunged 1.8% to 217.0.

Most sectors declined today, led by Chemicals (-6.1%), Oil & Gas (-5.1%), Personal & Household Goods (-3.8%), and Retail (-3.2%). The only three sectors that increased were Telecommunications (+2.4%), Automobile & Parts (+2.2%) and Media (+0.8%).

US President Donald Trump signaled a willingness to ease recently announced new tariffs if other countries make “phenomenal” offers, suggesting room for negotiation despite firm rhetoric from some administration officials. In response, Vietnam is dispatching Deputy Prime Minister Ho Duc Phoc and a delegation of business leaders to the US this weekend. Representatives from Vietnam Airlines, Vietjet and VinaCapital are expected to attend meetings in New York, including talks with Boeing and US banks. Phoc is also scheduled to visit Washington D.C., underscoring the urgency of backchannel diplomacy as tensions escalate.

Foreign investors net sold today with a value of VND2.6tn (USD101.7mn), with selling momentum focused on FPT (VND615.7bn, USD23.8mn), ACB (VND472.8bn, USD18.2mn), MBB (VND452.0bn, USD17.4mn), and VCB (VND389.0bn, USD15.0mn), On the other hand, they net bought GEX (VND367.6bn, USD14.1mn), SHB (VND170.7bn, USD6.6mn), KDH (VND57.2bn, USD2.2mn) and DGC (VND54.1bn, USD2.1mn).

Today’s top laggards included GAS (-6.9%), GVR (-6.9%), MSN (-6.9%) and BCM (-6.9%), while top performers included VIC (+3.7%), LPB (+7.0%), VNM (+3.5%) and VHM (+2.0%).

Read the full report: HERE