US postpones tax imposition, Vietnam stocks hit 'ceiling'

Vietnam stock market turns green and purple after US postpones tax imposition

Before entering the trading session this morning (April 10), investors and analysts all agreed that the market would recover significantly after the US decided to postpone the imposition of tariffs.

Update VN-Index right after the ATO (opening order) session, the index representing the largest stock exchange in Vietnam increased by nearly 72 points.

While yesterday's session, the 1,100 support level was broken, this morning the "form" was regained, the score jumped to the 1,166 zone.

A quick count on all three exchanges shows that nearly 500 stocks hit the ceiling price, along with hundreds of stocks that increased in price. Green and purple colors covered the electronic board. Some investors reported that they continued to experience "freezing" of the display screen, making it more difficult to place orders.

"The whole market is very excited, it will probably be difficult to buy this session," said Ms. QN, an investor in Hanoi. However, she is still very happy because she feels like the market has passed its "darkest" period.

If in recent sessions, a series of industrial park real estate codes hit the floor, "no buyers", now they have become a bright spot with high liquidity, even many codes appear to have a "no sellers" situation.

"After the news that the US postponed the tax for another 90 days to negotiate and Deputy Prime Minister Ho Duc Phoc discussed and agreed to connect negotiations between the two sides, these will be very positive signals for the VN-Index in the short term," the director of a securities company noted in a private group with investors.

According to this person, the "margin call" situation has basically been resolved, but there was an overreaction so it is necessary to monitor the developments in the coming sessions.

Excitement also spread across Asian stock markets. Many countries opened with strong gains.

In Japan, the Nikkei 225 index rose 8.6% at the beginning of the session, while the Topix rose 8%. Meanwhile, the Kospi (South Korea) rose 5% and the S&P/ASX 200 of Australia increased 6%.

Previously, Wall Street also had a very strong increase after President Trump's news of delaying the imposition of reciprocal tariffs. Last night, Vietnam time, US President Donald Trump posted on Truth Social announcing an immediate increase in tariffs on China to 125% and a 90-day delay in tariffs on more than 75 countries, as well as lowering reciprocal tariffs to 10%.

On the afternoon of April 9 (local time), within the framework of his visit to the US as Special Envoy of General Secretary To Lam to discuss bilateral economic and trade issues, Deputy Prime Minister Ho Duc Phoc met with US Trade Representative Jamieson Greer.

The United States agreed that the two sides should begin negotiations on a reciprocal trade agreement, which would include tariff agreements, and asked technical levels from both sides to start discussions immediately.

The two sides agreed to continue to closely coordinate to promote a favorable business environment, proactively review and consider minimizing non-tariff barriers to each other's goods, creating favorable conditions for US businesses to increase investment and business in Vietnam, and strengthening coordination to control and prevent acts of trade fraud.

Tuoitre.vn

Source: https://tuoitre.vn/my-hoan-ap-thue-chung-khoan-viet-nam-tang-dinh-noc-kich-tran-202504100910469.htm