In the trading week from February 24 to February 28, 2025, the VN-INDEX index ended at 1,296.75 points, up 20.67 points, equivalent to 1.62%. This growth helps the market get closer to the psychological resistance level of 1,300 points, showing the gradually consolidated confidence of investors.
Mr. Dinh Quang Hinh - Head of the Department of Vehicles and Market Strategy, VNDIRECT Securities Joint Stock Company - commented that the market's increase was driven by positive signals from both domestic and international. Concerns about the US administration's tariff policies have temporarily "cooled down" due to no further tax action, causing the USD strength index to drop to around 106.5.
The market also showed signs of a shift as investors gradually left their concerns about exchange rate risks to focus on other current issues. The GDP growth target of 8% in 2025 has been officially approved by the National Assembly, creating expectations for drastic fiscal and monetary policies from the Government to boost the economy.
Information from the Ministry of Industry and Trade on Decision No. 460/QD-BCT, applying temporary anti-dumping tax on hot-rolled rolling steel products imported from China and India has also contributed to creating momentum for the market. The tax rate from 19.38% to 27.83% effective for 120 days from March 8, 2025 is expected to have a positive impact on steel stocks, especially HPG codes.
Mr. Dinh Quang Hinh commented: "With macro developments and specific industry information, the probability of the market surpassing the 1,300-point threshold increases significantly, although there may be fluctuations when a part of investors realize profits".
Mr. Hinh recommends that investors should take advantage of short-term adjustments to increase the proportion of stocks, prioritizing enterprises in the fields of public investment, construction materials, banking, real estate, housing and securities.
