U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.

U.S. reciprocal tariffs of up to 46% significantly worsen Vietnam’s economic outlook and stock market, threatening export competitiveness and reducing foreign investor confidence amid rising exchange-rate risks. Therefore, we expect the VNIndex to enter a bearish phase, potentially declining by around 20%-26%, targeting the 950-1,100 point range.