HIGHLIGHTED NEWS
According to the Ministry of Finance, the total capital mobilized through the bond market in 2025 will reach more than VND 730,000 billion, equivalent to about 27% of total social investment capital. The total market size will reach about VND 3.83 million billion, equivalent to 33.3% of GDP in 2024. Government bonds continue to play a key role in mobilizing capital for the central budget, contributing up to 70% of loan demand in the 2021-2025 period. The corporate bond market also recorded a clear recovery with the total issuance value in 2025 estimated at VND 441,700 billion, a sharp increase compared to the previous year.
According to the Ministry of Construction, in the third quarter of 2025 alone, more than 32,000 apartments and low-rise houses were put on the market, double the new supply of the whole year of 2024; The number of commercial housing projects under development increased by 55% compared to the second quarter of 2025, equivalent to more than 600,000 units. The apartment inventory is 6,323 units, 6 times higher than at the end of 2024; the inventory of individual houses also increased by 20%, to 12,327 units. Currently, real estate credit has increased by more than 26% compared to the end of last year, in which credit to real estate businesses increased by nearly 53% and to individuals doing real estate business increased by nearly 8%.
TRADING STRATEGY
The stock market continued to recover and closed at 1,690 points with liquidity equivalent to the weekly average. Divergence continued. Cash flow tended to concentrate on a number of individual stocks, playing a leading role in the real estate, tourism services, and F&B sectors. Meanwhile, selling pressure increased slightly in stocks in the financial, industrial services, technology, basic resources, and chemical sectors. The VN-Index today is likely to fluctuate around the 1,685-1,700 point area.
The market had its third consecutive week of gains with liquidity remaining at a low average level. The index's increase was mainly based on the pull of a few specific stocks in the context of selling pressure still appearing in the remaining groups and sectors, causing the general sentiment to remain cautious for the time being. Foreign investors had their first three consecutive net buying sessions based on stock volume criteria in the past three months. The VN-Index is currently in the resistance zone of 1,680-1,700 points and selling pressure may increase as the index recovers. However, if cash flow continues to be directed to VN30 pillar stocks, the market will likely continue to move up in differentiation towards the 1,720-1,740 point zone. Investors can consider screening, restructuring short-term portfolios towards controlled concentration or trading with available goods to optimize short-term positions. On the other hand, buying activities for a medium- and long-term vision can continue to take place at base or support price zones, prioritizing basic stocks with good growth potential or in attractive areas compared to valuations in the 2025-2026 period.
Investor can see the full Newsletter below:
