Vietnam Daily Market Recap April 3 2025

Stocks collapse as US imposes 46% import tariff on products from Vietnam

The VN-Index plunged on Thursday by 6.7% to 1,229.8, the sharpest one-day drop since the index began in 2000. Market liquidity surged, with total trading value rising 143.3% compared to Wednesday to VND38.3tn (USD1.49bn). The HNX Index followed a similar pattern, posting a loss of 7.2% to close at 220.9.
The stock market sold-off following the announcement of a surprisingly high retaliatory tariff rate by the US on Vietnamese goods. The market’s negative reaction is understandable, given the substantial impact the new tariff could have on the Vietnamese economy if no changes are made going forward. US President Donald Trump today imposed a 46% import tariff on products from Vietnam as part of a new global tariff package, which will take effect on April 9.
All sectors declined today, led by Telecommunications (-13.4%), Industrial Goods & Services (-10.5%), Food & Beverage (-7.5%), Automobiles & Parts (-7.7%) and Financial Services (-7.3%).
Almost all stocks hit their floor prices today. Top laggards included VCB (-6.9%), BID (-6.9%), VIC (-6.9%) and CTG (-6.9%).
Foreign investors net sold today with VND3.72tn (USD145.1mn), with selling momentum focused on MBB (VND691.8bn, USD27.0mn), TPB (VND355.3bn, USD13.9mn), FPT (VND339.3bn, USD13.2mn), and VNM (VND309.3bn, USD12.1mn), while foreigners mainly bought VCG (VND26.1bn, USD1.0mn), VRE (VND20.8bn, USD800,000), and VIX (VND19.4bn, USD800,000).

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