HIGHLIGHTED NEWS
According to the State Bank of Vietnam, Vietnam is strengthening cross-border bilateral payment connections with key markets such as China, South Korea, Thailand, Laos, and Cambodia, while expanding to India, Singapore, Japan, and several other markets. This expansion of the payment network is expected to reduce transaction costs, boost trade and tourism, and support the digital transformation of the economy.
The government has just issued Resolution No. 148/NQ-CP, requiring continued flexible management of monetary policy and close coordination with fiscal policy to support economic growth and control inflation. In addition, regulatory agencies will focus on removing obstacles to develop a transparent capital market, stock market, and corporate bond market, thereby reducing pressure on the banking credit system. Ministries and sectors are tasked with accelerating the disbursement of public investment, ensuring sufficient electricity and fuel supply, and appropriately managing the prices of goods and services under state control.
TRADING STRATEGY
The stock market experienced a significant decline at the start of the week, falling to 1,790 points with improved liquidity compared to the average of the previous week. Selling pressure, driven by global trends, emerged early and was concentrated in large-cap stocks in the financial, real estate, and service sectors. Conversely, supportive capital flows tended towards individual stocks in the mid- and small-cap groups. Foreign investors returned to net selling, although the selling range showed signs of narrowing. Thus, the VN-Index has returned to a downward correction phase after failing to conquer the 1,850-point resistance level. The next area to watch for the index is currently around 1,740-1,760 points. Given the current supply and demand dynamics, if the market experiences a wide-ranging consolidation session, combined with an upward reversal around the support level and improved liquidity, opportunities may arise again.
The VN-Index is likely to fluctuate around the 1,775-1,800 point range today. Short-term traders should closely monitor price movements and independently manage each individual stock in their portfolio to optimize their positions. On the other hand, controlled buying activity aimed at holding for the medium to long term based on company valuations may continue at key support levels.
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