越南胡志明股票指数 (VN) 加自选

越南盾升至1382.00指数点的3年高点。在过去的4周里，越南胡志明市股票指数上涨了3.41%，在过去的12个月里，它上涨了8.82%。

VN increased to a 3-year high of 1382.00 Index Points. Over the past 4 weeks, Vietnam Ho Chi Minh Stock Index gained 3.41%, and in the last 12 months, it increased 8.82%.

标准普尔全球越南制造业采购经理人指数从5月份的49.8降至2025年6月的48.9，标志着连续第三个月收缩。新订单进一步下降，尤其是在美国关税的影响下，来自海外的订单。新出口订单的下降是自2021年9月以来最快的，与2023年5月持平。因此，公司削减了人员编制，但仍设法减少了积压。采购活动连续第三个月下降，而投入品和成品库存大幅减少，分别创下九个月和五个月来最大跌幅。尽管需求疲软，但产量连续第二个月上升。与此同时，由于材料短缺和越南盾兑美元走弱，投入成本在近两年来首次下降后，于6月上涨。这促使企业提高了产出价格，结束了五个月的下跌。最后，由于市场稳定和贸易紧张局势缓解的希望，商业信心从4月份的44个月低点进一步改善。

The S&P Global Vietnam Manufacturing PMI fell to 48.9 in June 2025 from 49.8 in May, marking the third consecutive month of contraction. New orders declined further, especially from overseas amid the impact of US tariffs. The drop in new export orders was the joint-fastest since September 2021, matching that of May 2023. As a result, firms cut staffing levels but still managed to deplete backlogs. Purchasing activity declined for a third month, while stocks of inputs and finished goods were scaled back sharply, posting the steepest falls in nine and five months, respectively. Despite subdued demand, output rose for a second month. Meanwhile, input costs rose in June after the first drop in nearly two years, amid material shortages and a weaker dong against the US dollar. This prompted firms to raise their output prices, ending a five-month decline. Finally, business confidence improved further from April’s 44-month low, buoyed by hopes for market stability and easing trade tensions.

越南总理范明钦周三表示，他预计在7月初暂停征收46%的互惠关税到期之前，将与美国达成贸易协议。在天津举行的世界经济论坛上，他谈到了与特朗普政府正在进行的沟通。越南旨在避免恢复与美国贸易顺差相关的关税，已经完成了多轮谈判，最近一轮谈判就在上周。据路透社报道，美国向河内提交了一份“强硬”的贸易要求清单，包括减少对美国出口中使用中国技术。作为回应，越南正在打击主要涉及中国商品的非法转运，并对减少非关税壁垒和增加飞机、农产品和能源等美国进口表现出开放态度，尽管尚未敲定正式协议。

Vietnamese Prime Minister Pham Minh Chinh said Wednesday he anticipates a trade deal with the U.S. before a pause on 46% reciprocal tariffs expires in early July. Speaking at the World Economic Forum in Tianjin, he noted ongoing communications with the Trump administration. Vietnam, aiming to avoid the reinstated tariffs linked to its trade surplus with the U.S., has wrapped multiple negotiation rounds, the latest just last week. According to Reuters, the U.S. handed Hanoi a list of “tough” trade demands, including reducing the use of Chinese tech in exports to America. In response, Vietnam is cracking down on illegal trans-shipment—mainly involving Chinese goods—and has shown openness to reducing non-tariff barriers and boosting U.S. imports like aircraft, agricultural products, and energy, although no official deals have been finalized.

国际货币基金组织（IMF）预计，在高关税的情况下，越南今年的经济增长将从去年的7.09%放缓至5.4%。该国已与美国举行了几轮谈判，以达成协议，避免特朗普政府对其出口征收46%的关税。国际货币基金组织周三在一份声明中表示：“前景在很大程度上取决于贸易谈判的结果，并受到全球贸易政策和经济增长不确定性增加的制约。”。该机构指出，在高关税情景下，明年的经济增长将进一步减速，但补充说，“如果全球贸易紧张局势消退，经济前景将显著改善。”去年，对美国的出口约占越南国内生产总值的30%。

The International Monetary Fund (IMF) expects Vietnam's economic growth to slow to 5.4% this year, down from 7.09% last year, under a high-tariff scenario. The country has held several rounds of negotiations with the US to strike a deal and avoid the Trump administration’s proposed 46% tariff on its exports. “The outlook is heavily dependent on the outcome of trade negotiations and is constrained by elevated global uncertainty around trade policies and economic growth,” the IMF said in a statement on Wednesday. The agency noted that under the high-tariff scenario, economic growth would decelerate further next year, but added that “if global trade tensions subside, the economic outlook would improve significantly.” Last year, shipments to the US accounted for about 30% of Vietnam’s GDP.