Vietnam Daily Market Recap April 23 -VHM, BSR AGM, ACB, FPT, VPB Earning Update

Stocks rise as US-China trade war de-escalates; media, telecom surge

The VN-Index opened higher on Wednesday, and remained in the positive territory throughout the session, closing up 1.2% at 1,211. Total liquidity declined 44.5% DoD to VND18.9tn (USD726.6mn). The HNX-Index also increased 1.8% to 211.5.

Most sectors were in the green today, led by Media (+6.8%), Telecommunications (+6.2%), Chemicals (+3.2%) and Retail (+2.9%). Only Industrial Goods & Services (-0.1%) declined today.

Global markets rallied as US President Donald Trump signaled a softer approach toward China, saying he plans to be “very nice” in trade talks and that tariffs would “come down substantially” if a deal is reached — though not to zero. The shift follows remarks from Treasury Secretary Scott Bessent, who said the standoff with Beijing was unsustainable. Separately, Trump dismissed speculation he might remove Federal Reserve Chair Jerome Powell, telling reporters he has “no intention” of firing him. The comment comes after National Economic Council Director Kevin Hassett said Friday that Trump had been studying whether he could legally dismiss Powell, following a series of public criticisms of the Fed’s rate policy.

Foreign investors net sold today with a total net selling value of VND82.3bn (USD3.2mn). Selling momentum was focused on FPT (VND142bn, USD5.5mn), MBB (VND101.7bn, USD3.9mn) and SHB (VND62.1bn, USD2.4mn). On the other hand, they net bought BAF (VND70bn, USD2.7mn), VIC (VND51.7bn, USD2mn) and HPG (VND47.2bn, USD1.8mn),

Top performers today included TCB (+3.8%), VHM (+1.7%) and GVR (+3.8%). Top laggards included VCB (-0.9%), SSB (-3.7%) and VIC (-0.7%)

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