Vietnam's VN index opens little changed at 1,485.05

Vietnam's VN index opens little changed at 1,485.05

Title: Vietnam's VN Index Opens Little Changed at 1,485.05

The Vietnam Ho Chi Minh Stock Index (VN Index) opened on July 2, 2025, at 1,485.05, marking a slight increase of 0.23% from the previous close. This opening was little changed from the previous session, which saw the index close at 1,483.22. The day's trading was influenced by several key factors, including the ongoing foreign capital inflows and the recent tariff adjustments announced by the Trump administration.

The VN Index has shown resilience in the face of geopolitical uncertainties, with the index reaching its highest level since April 2022. This upward trend can be attributed to the lower tariffs on Vietnamese imports to the United States, which were recently reduced to 20% from 46% [3].

Vietnam's economy continues to demonstrate robust growth, with the country's GDP expanding by 6.93% in the second quarter of 2025. This strong performance has been driven by various sectors, including technology, consumer goods, and transportation, which were trading in the green on Tuesday [3].

In addition to the economic indicators, the performance of major stocks also contributed to the overall market sentiment. Vnsteel Vicasa, Victory Capital, and Phuong Nam Cultural Joint Stock were among the top performers, each surging by 7% on Tuesday. Meanwhile, Bibica Corp and FIT INVEST JSC saw gains of 6.9% [3].

The Vietnamese motorcycle market also experienced significant growth, with Honda Vietnam reporting a 10% year-on-year increase in motorcycle sales to nearly 2.3 million units in fiscal year 2025. This growth consolidates Honda's dominance in the market, with a market share of 83% [2].

Looking ahead, the VN Index is expected to trade at 1298.69 points by the end of this quarter and 1252.55 points in 12 months' time, according to Trading Economics global macro models and analysts' expectations [1].

References:
[1] https://tradingeconomics.com/vietnam/stock-market
[2] https://theinvestor.vn/honda-cements-vietnam-motorbike-market-dominance-with-10-sales-growth-d16333.html
[3] https://www.tradingview.com/news/te_news:470184:0-vietnam-stocks-hit-over-3-year-high/