15.05.202602:50:03UTC+00Vietnam Market Sets Record, Eyes 8th Week of Gains

Vietnam’s stock market extended its rally to a new record high of 1,929 in early Friday trading, setting up what would be an eighth consecutive week of gains. Sentiment was lifted by Moody’s recent decision to raise the country’s credit outlook to “positive” from “stable,” while reaffirming its Ba2 sovereign rating.

At the same time, the central bank pledged to support production and business activity in order to help deliver the government’s five-year objective of double-digit economic growth, even as it maintained the 2026 inflation target at 4.5%. This comes against a backdrop of mounting price pressures linked to the war in Iran.

In the U.S., equities finished higher overnight, underpinned by optimism that the ongoing summit between U.S. President Donald Trump and Chinese President Xi Jinping will help ease global trade tensions. Gains were led by the commercial services, process industries, and financial sectors, although softness in energy minerals and consumer durables limited the overall advance.

Among notable movers were Power Generation (+1.7%), Vietnam Rubber Group (+1.4%), Masan Consumer Corp. (+0.8%), and Vietnam Airlines (+0.7%).