Strategy Report

BSC Navigator | M06.2026: Assessment of Vietnam’s Trade Deficit in the First 5 Months of 2026

Monthly Topic: Assessment of Vietnam’s Trade Deficit in the First 5 Months of 2026

Vietnam Recorded a Sharp Trade Deficit in the First Five Months of the Year
Vietnam: Electronics, Computers and Components Recorded the Largest Trade Deficit
South Korea’s Semiconductor Exports to Vietnam Are Becoming Increasingly Prominent
High Import Costs for Electronic Equipment from South Korea
Optimistic Outlook for the Current Account Balance Toward Year-End

Global Macroeconomy

Uncertainty Surrounding the Middle East Conflict Continues to Affect the Global Macroeconomic Landscape
Global Monetary Policy: Rising Inflationary Pressure Due to War
Global Commodity Price and Equity Market Developments

Vietnam Macroeconomy

Forecasts for Key Vietnam Macroeconomic Indicators
Key Policy Highlights: Q2/2026 Focuses on Removing Legal Bottlenecks
Elevated Inflation Supports Nominal Consumption Growth
Monetary Policy: Pressure from Inflation and Exchange Rates
Monetary Policy: Tight System Liquidity
Monetary Policy: Second-Round Effects of Cost-Push Inflation Are Broadening
Fiscal Policy: Public Investment Disbursement — Ambitious Target, Slow Progress
Exchange Rates and Trade: Exchange Rate Remains Relatively Stable Despite a Large Trade Balance Deficit
Industrial Production and FDI Maintain Stable Growth in Line with Trade Activity
Corporate Bond and Government Bond Markets: Market Liquidity Remains Smooth
Vietnam Macroeconomic Heatmap

Vietnam Stock Market

Market Liquidity Has Yet to Show Broad-Based Support for the Index’s Uptrend
Market Valuation Continues to Hover Around Its Historical Average
Liquidity Moves Sideways as Cautious Sentiment Dominates the Market
New Securities Account Openings Increase, but Real Capital Flows Remain on the Sidelines
Foreign Capital Continues to Record Net Outflows
Net Selling Pressure Continues to Dominate ETF Flows
Derivatives Market Trading Remains Subdued
State-Owned Enterprise Stocks Continue to Lead the Market on Divestment and Equitization Themes
Net Profit Growth and Sector Performance: A Divergent Picture in the First Five Months of 2026
Investment Performance of BSC30 and BSC50 Compared with the VN-Index
BSC30 and BSC50 Portfolios