HIGHLIGHTED NEWS
The Ministry of Construction plans to submit a proposal to the Government for the issuance of a decree on the establishment of the National Housing Fund. The fund will operate under a two-tier model, including a central housing fund managed by the Ministry of Construction and local housing funds managed by provincial Departments of Construction. It will function as a wholly state-owned enterprise with a non-profit mandate, limited liability within the scope of its charter capital, and be subject to inspections, audits, and oversight by government authorities. The fund's initial charter capital will be a minimum of VND 5,000 billion, allocated from the central budget, and is expected to increase to at least VND 10,000 billion over the next three years. The fund will be authorized to directly invest in independent or integrated social housing projects, renovate or repair public housing assets, purchase social housing from developers, or buy commercial housing for rental purposes. Investment procedures for social housing projects using the fund's capital will follow the regulations of the Law on Public Investment. The establishment of the National Housing Fund is a significant effort by the Government to address housing issues, particularly social housing, contributing to social welfare and sustainable development. It is expected to generate positive changes in the real estate market in the near future.
TRADING STRATEGY
The stock market recovered strongly, closing near the 1,510-point mark, though liquidity declined significantly compared to the previous session. Capital flow showed improvement and tended to shift toward leading stocks in real estate and financial services, along with select stocks in industrial services, basic resources, tourism, and entertainment. The VN-Index is expected to fluctuate within the 1,505–1,520 range today.
The market continues to move sideways within a wide range around the psychological threshold of 1,500 points. Although profit-taking and portfolio trimming pressures emerged early, they have yet to significantly affect the index’s recovery trend. Cash flow remains relatively stable at a high level, and large-cap stocks continue to effectively anchor the market. The VN-Index is likely to enter a new upward phase toward the previous peak resistance zone around 1,530 points. Investors are advised to maintain strategic holdings, prioritize new purchases in fundamentally strong stocks with steady base-building or clear cash flow support, and avoid over-diversification or chasing stocks after sharp rallies.
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