Equity markets in Vietnam experienced a 6-point uplift, or a 0.4% increase, reaching 1,391 by midday on Thursday, marking their highest point since April 2022. This surge followed the announcement of a trade agreement between the United States and Vietnam by US President Donald Trump. The accord includes a revised US tariff on Vietnamese imports, reducing the duty from an anticipated 46% to a more favorable 20%, effective next week. This development has been positively received by traders, as the United States stands as Vietnam’s largest trading partner, with exports to the US constituting roughly 30% of Vietnam’s GDP in the previous year. The market saw widespread gains, particularly in the consumer non-durable and health services sectors. Notable advances were recorded by Dai Thien Loc Corp, Phuong Nam Cultural, and Duc Long Gia, all appreciating by 7%. Additionally, Vietnam Container Shipping and Truong Thanh Furniture climbed 6.9% and 6.6%, respectively.
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