Vietnam Stock Market Reaches New High! Foreign Capital Has Bought Over $413 Million Worth of Vietnamese Stocks So Far This Month, Trump and Vietnam Reach Trade Agreement with Tariff Set at 20% Below Expectations
Globe Reporters on July 25th|Vietnam's stock market closed on Friday to reach a new record high, fueled by the influx of foreign capital and optimistic expectations for the US-Vietnam trade agreement. The Vietnam Stock Index once rose 0.5%, reaching 1529.14 points, surpassing its previous record set in January 2022.
Vietnam's stock market has continued to rise since early July, when US President Trump announced that the trade agreement with Vietnam would set tariffs at 20%, significantly lower than the previously announced 46% in April. Vietnamese officials have indicated that negotiators are still discussing the finer details of the agreement.
Data shows that foreign capital has bought over $413 million worth of Vietnamese stocks so far this month. Global investors are likely to further increase their allocation to Vietnamese stocks.