The Prime Minister outlined Q1 economic performance, acknowledging challenges but emphasizing a commitment to macroeconomic stability, high sustainable growth, and preventing crises. Key solutions include fiscal discipline, energy security, stabilizing key markets (real estate, corporate bonds, currency), administrative reform, and infrastructure development.
The VN-Index closed down 1.13% as cautious bottom-fishing demand struggled to lift the market, with many large-cap stocks declining. However, some mid-caps and a few large caps like HPG and SHB saw strong buying interest and positive performance.
The Government Inspectorate concluded its inspection of the Đồng Đăng - Trà Lĩnh expressway project, a key national infrastructure project, identifying several shortcomings and violations, particularly regarding contractor selection and project proposal procedures. This formal conclusion points to procedural errors that could impact the project and its investors.
The Vietnamese stock market experienced a predictable correction due to short-term profit-taking and geopolitical concerns, leading to declines in several large-cap stocks. However, strong mid and small-cap stocks showed resilience and attracted capital, indicating underlying investor confidence and an expectation of market stabilization.
The Vietnamese government proposes a medium-term public investment plan of 8.22 quadrillion VND for 2026-2030, focusing on key national projects like high-speed railways and expressways. This significant investment aims to boost infrastructure development and economic growth, with the National Assembly set to vote on the plan by April 23.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.