HIGHLIGHTED NEWS
According to Reuters, in the first nine months of 2026, Vietnam’s trade surplus in goods with the United States reached nearly $190 billion—a 47% increase year-on-year—surpassing both China and Mexico to become the country with the largest trade surplus with the U.S. This development has intensified pressure on bilateral trade negotiations, particularly as the U.S. imposed a 12.5% tariff on Vietnamese goods starting in July, with two additional investigations potentially leading to further tariffs as early as November. Although the Democratic Party gained an advantage in Congress following the midterm elections, U.S. trade policy toward Vietnam is unlikely to see significant changes in the short term.
According to the Vietnam Securities Depository and Clearing Corporation (VSDC), as of the end of October 2026, the Vietnamese stock market had nearly 14.4 million accounts—an increase of approximately 252,400 from the previous month—with domestic individual accounts accounting for nearly 252,000 of that growth. The total number of individual accounts reached over 14.3 million, representing about 99.5% of the entire market. Market liquidity continued to decline in October, with the average trading value on the listed market reaching 16.3 trillion VND per session, of which the Ho Chi Minh City Stock Exchange (HOSE) accounted for over 15.6 trillion VND per session.
TRADING STRATEGY
The stock market continued its recovery, closing at 1,740.73 points with liquidity exceeding the 20-day average. Market divergence has re-emerged: while capital flows have increasingly concentrated in leading stocks within the real estate, financial services, banking, retail, and industrial goods and services sectors, selling pressure has intensified in the oil and gas, technology, food and beverage (F&B), and basic materials sectors. Foreign investors remained net sellers, though on a moderate scale. Although a degree of caution has begun to permeate general market sentiment—meaning the broad-based consensus for gains seen in the previous session has waned—the selling pressure aimed at reducing exposure remains limited. Preliminary assessments suggest this is unlikely to significantly disrupt the index's recovery trend. The VN-Index is likely to continue its gradual ascent, aiming to test and potentially break through the resistance zone of 1,760–1,780 points in the coming sessions.
Today, the VN-Index is expected to fluctuate within the 1,730–1,760 point range. Investors should continue to closely monitor market developments and may consider increasing their equity exposure—evaluating individual stocks based on their specific characteristics—within the context of their short-, medium-, and long-term investment portfolios, provided that positive signals continue to strengthen.
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