HIGHLIGHTED NEWS
On February 27, 2026, the Government approved Decision No. 352/QD-TTg on the Public Debt Borrowing and Repayment Plan for 2026, with a maximum total borrowing amount of approximately VND 969,796 billion and total debt repayment of approximately VND 534,739 billion. Of this, borrowing for the central budget balance is a maximum of VND 959,705 billion, including VND 583,700 billion to cover the budget deficit and VND 376,005 billion to repay principal debt; borrowing for on-lending is approximately VND 10,092 billion. The planned funding sources will be a flexible combination of government bond issuance, ODA loans, preferential foreign loans, international bond issuance, and other legal sources. The plan aims to ensure sufficient resources for development investment, timely debt repayment, safe public debt control, and optimization of the debt portfolio. At the same time, the Government also requested ministries, sectors, and localities to strictly control budget deficits, debt repayment obligations, and local borrowing limits; accelerate the disbursement of public investment and improve the efficiency of loan utilization.
TRADING STRATEGY
The stock market closed slightly higher at 1,880 points on the last trading day of the week, with improved liquidity comparable to the weekly average. Market differentiation increased. Selling pressure was more pronounced in large-cap stocks in the financial, F&B, basic resources, and retail sectors, along with some individual stocks in the real estate, construction, and materials sectors. Conversely, leading stocks in the financial services, industrial services, oil and gas, and utilities sectors played a positive role in supporting the overall index. The VN-Index is likely to fluctuate around 1,860-1,890 points today.
Following the explosive post-holiday trading session, the market has experienced four consecutive sessions of sideways trading, mainly around 1,860-1,880 points. Market differentiation continues. Capital flows show signs of slight slowdown at the psychological resistance level and the previous peak of 1,900-1,920 points. Therefore, the multifaceted developments related to global geopolitics in recent days could completely shift the general sentiment from stable to cautious, and it is not ruled out that the VN-Index will experience short-term fluctuations if it lacks the support of strong sectors that can regulate the index. In the medium term, the main trend of the VN-Index remains upward due to the stable domestic macroeconomic factors, and the sectors chosen by investors mainly revolve around this theme. On the other hand, in the past few years, the domestic market has always been stable and has shown positive recovery even when facing direct risks such as the US retaliatory tariff policy. Investors should continue to hold, combined with controlled buying of stocks in their strategic portfolios with a medium-term vision, prioritizing buying during dips or support price levels during upward fluctuations. Short-term transactions should be flexible according to the movement of capital flows.
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