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VCSC Daily - Stocks advance but volumes weak – Corporate rate tax cut – Trade deficit up

Stocks stage recovery but volumes weak. The market recovered from an early morning setback that saw the VNI drop to 476 before rallying in the afternoon to close up 1.2% at 483.99. This morning, the Customs office revised March’s trade deficit number upwards to US$530mn (US$300mn GSO), which may have dampened the positive news that progress was made on the corporate tax rate cut.