HIGHLIGHTED NEWS
During the 2026-2030 period, the Government plans to project a medium-term investment model with an estimated budget of approximately VND 8.22 million billion, of which VND 3.8 million billion will come from the central budget and VND 4.42 million billion from local budgets. Accordingly, the plan aims to utilize 20-22% of total social investment capital for the entire period, achieve a budget disbursement rate of over 95%, and reduce the number of projects by approximately 30% to improve the model and efficiency, aiming to improve the ICOR system. However, the current large-scale development process, with VND 2.78 million billion (equivalent to 73% of the central budget), is not yet ready for further analysis of many unfinished projects. This increases risks related to progress, disbursement, material sources, and public debt pressure. Therefore, the Economic and Financial Committee proposed further improving the mechanism, raising quality standards for projects, and promoting the mobilization of non-state capital and project development through the PPP model to reduce the burden on the budget.
TRADING STRATEGY
The stock market closed in the red, retreating to 1,736 points with lower liquidity compared to the previous trading session. Differentiation returned as selling pressure tended to target leading stocks in the financial, real estate, oil and gas, and chemical sectors. Meanwhile, capital flow continued to improve in small and medium-sized chemical stocks, basic resources, construction, and specialized materials. The VN-Index is currently likely to fluctuate around the 1,725-1,750 point range.
The market showed signs of cooling down after the previous session, which saw mixed positive and volatile trading. Caution returned to general sentiment as concerns about the "temporary peace" in the Middle East, contrary to the statements of the parties involved, persisted. However, as previously assessed, a temporary pause in the balance of demand is entirely possible around the 1,740-1,760 point resistance zone. In the current context, the temporary upward trend of the VN-Index remains secure. The index is likely to recover towards the 1,780-1,800 point area in the next few trading sessions. It's important to note that further differentiation may occur, and the selection of stocks will depend more on risk level and holding period. Investors maintaining holding positions, ending buy orders for underlying stocks that have confirmed an uptrend and are part of a medium-term strategy, should prioritize small dips and cooling-offs during the upward movement. The market's performance follows the trend of money flow.
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