HIGHLIGHTED NEWS
According to the Hanoi Stock Exchange (HNX), in May 2025, HNX held 17 government bond auctions issued by the State Treasury, raising VND 18,049.5 billion. The bonds issued in May had maturities of 5, 10, 15, and 30 years, with 10-year bonds making up the majority at 83.8%, equivalent to VND 15,131 billion. Cumulatively, in the first five months of 2025, the State Treasury raised VND 170,917 billion through government bond auctions, reaching 34.2% of the 2025 annual plan. On the secondary market, the listed value of government bonds as of May 30, 2025, stood at VND 2,367,448 billion. Foreign investor transactions accounted for 3.26% of total market transaction value, with foreign investors making a net purchase of VND 284 billion. Commercial banks continued to dominate in terms of market share in the government bond market.
According to Vietnam Electricity (EVN), in the first five months of 2025, total system electricity output reached 127.6 billion kWh. Notably, coal-fired power continued to play a dominant role with 72.4 billion kWh, accounting for 56.8%. Regarding investment in key power source projects in 2025, EVN stated that construction progress on the Hòa Bình Hydropower Plant expansion project has met or exceeded plans. In terms of the power grid, during the first five months of 2025, EVN and its subsidiaries commenced construction on 47 projects and completed energization of 118 power grid projects ranging from 110kV to 500kV. For power source investment, EVN will ensure progress on key projects. Regarding grid infrastructure investment, EVN is focusing on directing and expediting the investment preparation and construction progress of major power grid projects, especially the 500kV Lào Cai – Vĩnh Yên transmission line.
TRADING STRATEGY
The stock market closed slightly in the red at 1,342 points, with trading liquidity declining compared to the previous session. Market divergence continued. The downward pressure was mainly concentrated in the financial services, industrial services, and banking sectors. In contrast, sectors that contributed positively to supporting the overall index included construction and materials, basic resources, technology, and retail. The VN-Index is likely to continue fluctuating within the 1,340–1,350-point range today.
The market has returned to a state of narrow-range consolidation. Cash flow is rotating due to the lack of leadership from major sector groups. If this trend continues in the coming sessions, the VN-Index will likely recover in a scenario of intensified divergence, with opportunities focusing mostly on individual stocks supported by macro factors or fundamental catalysts. Therefore, investors should prioritize selective trading and manage their portfolios based on individual stock characteristics, avoiding being swayed by the broader index movements.
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