HIGHLIGHTED NEWS
In the draft amendment to the Electricity Law, the Government proposes electricity pricing that fully reflects costs, ensures capital recovery for investors, and provides profit margins commensurate with the risks of specific projects. The draft also aims to implement time-of-use pricing, gradually eliminate cross-subsidies between customer groups, and decouple electricity cost support from the pricing mechanism. Should electricity prices remain unadjusted due to requirements for macroeconomic stability and social welfare, the State may compensate for reasonable costs. The reviewing body also recommended against shifting investment risks onto the State or electricity consumers.
The Ministry of Construction has proposed adjusting social housing targets for the 2026–2030 period by increasing the proportion of rental units and reducing those for sale; the total target is approximately 900,000 units—with over 191,000 designated for rent—prioritizing major urban centers, industrial zones, and transit-oriented development areas. To date, 201,482 social housing units have been completed nationwide, while over 657,000 units are currently under construction or have received investment approval. Additionally, the Deputy Prime Minister proposed incorporating principles regarding anti-speculation taxes and the handling of idle land into the amended Land Law, while also refining mechanisms for land valuation and compensation.
TRADING STRATEGY
The stock market underwent a correction, retreating to the 1,799.67-point mark amidst liquidity levels exceeding the 20-session average. Although the VN-Index posted early gains, weak cash flow allowed selling pressure to quickly resurface, particularly affecting large-cap stocks within the VN30, financial services, real estate, and industrial goods and services sectors. Conversely, positive performance in the oil & gas, chemicals, basic materials, and banking sectors helped support the index. Foreign investors increased the scale of their net selling. Cautious sentiment and weak cash flow pushed the VN-Index back toward the 1,780–1,800 support zone during its first session under the "emerging market" classification. However, selling pressure was not excessive; the index's movement was primarily driven by specific large-cap stocks within the VN30. The market is likely to experience continued sideways fluctuation within a narrow range as it consolidates and stabilizes its trend.
Today, the VN-Index may fluctuate between 1,790 and 1,815 points. Short-term investors might consider concentrating their portfolios and prioritizing profit optimization, given the weakening trend of short-term cash flow. Meanwhile, medium- and long-term investors could continue holding stocks with promising business growth prospects for the second half of 2026.
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