▪ The VN Index remained range-bound, while foreigners increased net buying.
Investor sentiment is subdued, but near-term optimism exists due to easing US inflation data (PPI and CPI). Market speculation is leaning towards a potential soft landing, with expectations of a rate cut in September.
▪ Domestic rumors suggest that the Non-Prefunding policy may be approved by September. Additionally, the SBV issued Circular 43/2024 to enhance FX reserve management (effective in September), aiming to stabilize the currency and meet external obligations.