HIGHLIGHTED NEWS
According to the General Statistics Office, the Index of Industrial Production (IIP) for October 2026 rose by 15% compared to the same period last year. For the first 10 months, the IIP increased by 12.4%—the highest growth rate for this period since 2019. Registered foreign direct investment (FDI) reached $54.85 billion, an increase of 74%, while realized FDI reached $24.08 billion, up 13.1%. Realized investment capital from the state budget totaled VND 783.9 trillion, representing 69% of the annual plan and an increase of 19.8% year-on-year. Notably, the total import-export turnover surpassed the $1 trillion mark for the first time, reaching $1,010.55 billion—a 32.3% increase. Of this, exports reached $499.24 billion (up 27.5%) and imports reached $511.31 billion (up 37.4%), resulting in a trade deficit of $12.07 billion. Total retail sales of goods and consumer services reached VND 6,618.9 trillion, an increase of 13.5%; excluding price factors, this represents a 7.7% increase. The Consumer Price Index (CPI) for October rose by 5.09% year-on-year; the average CPI for the first 10 months increased by 4.57%, while core inflation rose by 4.24%. State budget revenue for the 10-month period reached VND 2,438.9 trillion—an 11% increase and 96.4% of the annual estimate—while state budget expenditure reached VND 2,108.7 trillion, an increase of 14.8% and 66.8% of the annual estimate. Over the 10-month period, 243.6 thousand enterprises were newly established or resumed operations, a decrease of 4.8%; meanwhile, 182 thousand enterprises exited the market, a decline of 4.5%.
TRADING STRATEGY
The stock market underwent a correction, closing at 1,699.62 points with liquidity falling below the 20-day average. Market divergence persisted, with selling pressure concentrated primarily in the oil and gas, insurance, real estate, and technology sectors. Conversely, the financial services, basic materials, and construction and materials sectors attracted capital inflows, providing support to the broader index. Foreign investors remained net sellers. The VN-Index is currently hovering around the psychological 1,700-point level, where proactive buying interest is beginning to emerge for fundamental stocks—those with attractive valuations relative to their underlying prospects. Furthermore, the State Bank of Vietnam’s indication that it may implement measures to support system liquidity toward the end of the year could serve as an early signal that the market is bottoming out and preparing for a recovery.
Today, the VN-Index is expected to fluctuate within the 1,690–1,720 point range. Short-term investors should closely monitor market developments and consider initiating long positions once a reversal signal appears—a strategy applicable to both short-term and medium-to-long-term portfolios. Priority should be given to stocks with strong fundamentals, attractive valuations, and a demonstrated capacity to absorb capital inflows.
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