HIGHLIGHTED NEWS
The State Bank of Vietnam has issued guidelines for implementing the preferential credit program for investment in electricity, transportation, and strategic technology infrastructure, with a maximum scale of VND 500,000 billion by 2030. Accordingly, approximately VND 100,000 billion will be allocated in the 2025-2026 period, with the remainder distributed in the 2027-2030 period according to project progress. Eligible borrowers are enterprises implementing key national projects as defined by relevant ministries, with lending interest rates 1-1.5% lower than the average for the same term.
According to statistics from the Vietnam Bond Market Association, in November there were 24 private placements with a total value of over VND 19,600 billion, a decrease of 70% in value compared to the previous month and a decrease of 46% compared to the same period last year. Of these, the banking sector led with over 11,300 billion VND, followed by the real estate sector with over 5,130 billion VND. For the first 11 months of the year, the value of privately placed corporate bonds reached 460,679 billion VND, a 30% increase compared to the same period last year; the value of public offerings was 50,583 billion VND.
TRADING STRATEGY
The stock market declined in the final trading session of the week, closing at 1,646 points with trading volume exceeding the weekly average. Capital flow weakened. Selling pressure was widespread, particularly in the financial, real estate, industrial services, and retail sectors. The VN-Index is likely to fluctuate around 1,640-1,660 points today.
The market corrected downwards after a four-week streak of recovery. While not excessively strong, selling pressure was concentrated towards the end of the session in leading stocks, amidst weakening demand due to cautious sentiment, which significantly impacted the index. Capital flow supporting fundamental factors remains present but lacks proactiveness and is highly selective, as the macroeconomic scenarios at the end of the year remain open. However, overall, these negative fluctuations are likely to be short-term, possibly the last major intermediate shakeout before the VN-Index returns to a new medium-term uptrend. Therefore, investors should focus on concentrated trading, avoid spreading themselves too thin, control their portfolios on individual stocks, and prioritize fundamentally sound stocks for their targets in the first half of 2026.
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