HIGHLIGHTED NEWS
General Secretary and President To Lam called for the swift translation of Vietnam-Russia cooperation into concrete investment and technology transfer projects. Specifically, the Russian oil and gas group Zarubezhneft expressed a desire to expand its partnership with PVN into renewable energy, offshore wind power, and energy equipment manufacturing. AFK Sistema Group views Vietnam as a priority market and has proposed cooperation in AI, big data, cybersecurity, and smart city development. The Russian Direct Investment Fund (RDIF) is seeking projects in logistics, digital infrastructure, energy, high-tech, and healthcare; the Vietnamese side proposed concretizing cooperation regarding technology transfer and the domestic production of vaccines and biological products. Lomonosov University also proposed establishing a research branch in Vietnam.
According to the Vietnam Bond Market Association (VBMA), the cumulative value of corporate bond issuances in the first eight months of the year reached VND 348.98 trillion, with the banking sector accounting for 54% and the real estate sector for 39%. In August alone, the value of new issuances stood at approximately VND 35 trillion—a 16% month-on-month decline—with banks accounting for 82% and real estate for only 9%. Bonds worth VND 91.413 trillion are set to mature between now and the end of the year, with real estate bonds making up 56.5% of the total. Notably, the rate of delayed payments over the past 12 months decreased from 0.30% to 0.24%.
TRADING STRATEGY
The stock market underwent a slight correction, retreating to the 1,827.12-point mark amidst liquidity that fell below the 20-session average. Although the VN-Index posted early gains, weak cash flow caused the upward momentum to cool off toward the end of the session; selling pressure was concentrated on specific large-cap stocks within the VN30 basket, as well as in the financial services, real estate, and retail sectors. Meanwhile, gains in the banking, oil & gas, chemicals, and industrial goods & services sectors helped support the overall index. Foreign investors reduced their net selling. Overall sentiment remains cautious, despite a shift in cash flow across various sectors rather than a concentration on a few specific stocks. The VN-Index is likely to continue its tug-of-war and consolidation phase around the 1,815–1,835 range to further stabilize the recovery trend.
Today, the VN-Index may fluctuate within the 1,820–1,840 point range. Short-term investors might consider restructuring their portfolios to focus on—and prioritize holding—stocks with strong fundamentals that are supported by cash flow. Conversely, medium- and long-term investors could continue holding stocks with promising business growth prospects for the second half of 2026.
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