Vietnamese stocks still have many positive expectations

President Donald Trump’s decision to impose new tariffs has shocked the global market, especially countries with large trade surpluses with the US. According to Mr. Do Bao Ngoc, this decision is somewhat tougher than analysts expected. Previously, experts predicted that the tax rate would fluctuate between 20-30% for some specific industries, but in reality, many countries, including Vietnam, faced higher tax rates than expected.

For Vietnam, Mr. Ngoc said that the 46% tax rate is a surprising figure compared to previous investor expectations. Previously, most of Vietnam's export products to the US had much lower tax rates. This poses a big challenge for export businesses, but also opens up opportunities for Vietnam to adjust its trade strategy.

The “shocking” tax rate will not only affect Vietnam but also spread to global financial markets. Global investor sentiment will be negatively affected because this decision could exacerbate trade tensions and increase concerns about global economic instability.

From his perspective, Mr. Ngoc believes that with the high tax rate imposed by the US on Vietnam, many industries will be affected, both directly and indirectly.

Faced with this challenge, Mr. Ngoc advised investors to stay calm and expect the solutions that the Government has implemented and continues to implement. He also expected the Government to have many bilateral negotiations to find ways to reduce applicable tax rates, possibly through signing trade agreements or commitments on monetary policy and trade balance. At the same time, he emphasized that Vietnam will continue to promote the domestic market and diversify export markets, such as increasing exports to the EU, Japan, and South Korea through EVFTA and CPTPP.

In addition, the Government needs to have policies to support export enterprises through fiscal policy support solutions, credit support, exemption and reduction of transportation and logistics fees... to help enterprises reduce costs.

On the investor side, Mr. Ngoc said that in the short term, information about the US imposing high taxes immediately will have a strong impact on investor sentiment in the stock market. However, we should not panic and sell off, because although high taxes cause difficulties, the real impact on businesses needs time to be reflected in business results.

Source: https://thoibaonganhang.vn/chung-khoan-viet-con-nhieu-ky-vong-tich-cuc-162305.html