The stock market bulletin records notable developments, providing investors with multi-dimensional information about trends and growth potential. Below is a summary of some of the highlights and analysis of the market situation in the form of a bulletin.
New wave of IPOs in Vietnam and requirements for businesses
Vietnam’s stock market is currently witnessing a vibrant wave of IPOs (initial public offerings) after many years of stagnation, supported by policy reforms and expectations of market upgrade. However, behind the excitement are challenges in valuation, transparency and sustainable capital flows for businesses.
- Signal: Neutral
- Impact on: Ltd, FTSE, ITGC, FDI, HSBC, IFRS
- Comment: The new wave of IPOs can bring abundant supply of shares, creating investment opportunities in potential businesses but also comes with risks in valuation. The market may fluctuate in the short term due to net selling pressure from foreign investors, affecting investor sentiment. In the long term, factors such as information transparency and the ability to attract FDI capital will be the key to maintaining sustainable market development. Investors should prioritize businesses with solid foundations and reasonable valuations.
Gold prices fell due to profit-taking pressure, SPDR Gold Trust net sold
World gold prices fell to near the $4,200/oz mark during the trading session due to profit-taking pressure after two previous strong increases.
- Signal: Neutral
- Impact on: CME, ADP, PCE, WGC, SPDR
- Comment: The decline in gold prices due to profit-taking is a natural reaction after a strong increase, showing investors' cautious psychology before an important resistance level. In the short term, selling pressure may continue to dominate, but in the long term, gold is still a safe haven asset, especially when there is economic or geopolitical instability. Investors should consider accumulating gold during corrections to diversify their portfolios and hedge against inflation risks.
OECD predicts major economies will stop cutting interest rates in 2026
The latest forecast from the Organization for Economic Cooperation and Development (OECD) suggests that the world's major economies will complete their monetary policy easing cycle before the end of 2026.
- Signal: Negative
- Impact on: OECD, BOE, RBA, IMF
- Comment: The forecast that major economies will stop cutting interest rates in 2026 may put pressure on emerging markets, including Vietnam, as capital flows tend to shift to higher yielding areas. This may affect corporate borrowing costs and global economic growth prospects, causing investors to be cautious. It is necessary to closely monitor statements from central banks to adjust investment strategies in interest-sensitive sectors such as real estate or banking.
How does Circular 14 affect the State-owned banking group?
Circular 14/2025/TT-NHNN (Circular 14), effective from September 15, 2025, officially replaces Circular 41/2016 and its amendments, marking an important step in the roadmap towards Basel III standards.
- Signal: Neutral
- Impact on: NHNN, III, IRB, RWA, NOXH, LTV, DSC, CAR, TCB, HDB
- Comment: Circular 14 is an important step forward in improving the risk and capital management capacity of state-owned banks, approaching Basel III standards. Although it may create short-term adjustment pressure on indicators such as CAR and RWA, in the long term, this will strengthen the financial foundation, increase safety and transparency of the banking system. Investors should focus on banks that are well prepared for the new requirements, as they will have a competitive advantage and more sustainable growth potential.
US stocks rebound following bitcoin price, oil price falls
US stock markets rose in trading, helped by the recovery of bitcoin prices and many large-cap tech stocks after the previous sell-off.
- Signal: Negative
- Impact on: CNBC, WTI, OPEC
- Comment: The recovery of US stocks, especially technology stocks, and the recovery of Bitcoin suggest that the market has absorbed some of the selling pressure. However, the signal being classified as “Negative” may imply that this recovery is not yet solid and needs to be closely monitored. Investors should be cautious, manage risks closely, and only consider new long positions when there is a clear confirmation of the uptrend, avoiding FOMO following temporary increases.
Each Fed official's interest rate stance ahead of December meeting
The US Federal Reserve (Fed) will hold its last regular monetary policy meeting of 2025 next week.
- Signal: Negative
- Impact on: FOMC
- Comment: The interest rate stance of Fed officials ahead of the December meeting is an extremely important factor, directly affecting global monetary policy and market sentiment. If the Fed takes a more hawkish stance than expected, the market may face strong downward pressure due to concerns about capital costs and economic growth. Investors should prepare a risk-hedging strategy, consider reducing the proportion of interest-sensitive assets and wait for a clear signal from the FOMC meeting to make appropriate decisions.
The stock market news bulletin aims to provide investors with an overview, while emphasizing the importance of careful analysis before making investment decisions. Following market news from HVA The provision will help investors seize opportunities from short-term fluctuations and adjust their portfolios in line with market trends.
