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.
VN-Index dropped nearly 36 points, what are securities companies worried about when pillar stocks are affected?
VnEconomy introduces comments and investment recommendations of a number of securities companies on market developments during the trading week from October 20-24, 2025.
- Signal: Negative
- Impact on: BVSC, BSC, HSX, HNX, SHS, VCSC, SSI, KLGD, TVS, VCBS
- Comment: Although the VN-Index has fallen sharply, the return of foreign net buying is a remarkable positive signal, showing that confidence in the long-term prospects of the market is gradually being strengthened. This could be an opportunity for investors to consider accumulating good fundamental stocks when the market corrects, but they need to manage risks closely in the face of short-term fluctuations. Observing foreign investors' movements and liquidity developments will be the key to determining the next market trend.
Why is the performance of 17 open-end funds far behind VN-Index?
The low performance of open-end funds reflects a lack of significant weighting in market-leading stocks, while many fund portfolios focus on stocks with slower growth rates than the general index.
- Signal: Neutral
- Impact on: PYN, EUR, HOSE, VIC, VHM, VRE, GEX, GEE, VIX, CTG
- Comment: The poor performance of open-end funds shows the importance of choosing the right sectors and leading stocks. Individual investors can learn by analyzing and building a more flexible portfolio, prioritizing sectors with high growth potential and stocks with their own stories. Reasonable capital allocation, avoiding too much concentration in a group of stocks can help optimize profits and minimize risks when the market is strongly differentiated.
US stocks rise as US-China tensions ease and oil prices recover slightly
The upbeat sentiment in the US stock market was linked to former President Trump's positive comments on trade relations with China, along with a slight recovery in crude oil prices.
- Signal: Neutral
- Impact on: CNBC, SPDR, VIX, WTI, IEA
- Comment: Positive signals from the US market, especially the easing of trade tensions, can create a psychological spillover effect to Asian markets, including Vietnam. Although the direct impact may not be large, a more stable global macroeconomic environment will support investor sentiment. It is necessary to closely monitor global political and economic developments to assess risks and opportunities, especially for businesses with import-export activities or related to basic commodity prices.
HOSE announces 50 stocks in the VN50 GROWTH index
The highlight of the VN50 Growth index is the application of the stock growth weighting coefficient, calculated based on the historical EPS growth performance of the businesses in the index formula.
- Signal: Neutral
- Impact on: HOSE, ACB, BID, CTG, DGC, DIG, DXG, EIB, EVF, FPT
- Comment: The launch of the VN50 Growth index provides a new tool for investors who want to focus on businesses with potential for profit growth. This is an opportunity to discover stocks with good fundamentals, a history of stable EPS growth and sustainable development prospects. Investors can consider stocks in the VN50 Growth basket to seek long-term investment opportunities, while diversifying their portfolio to minimize risks from fluctuations in other pillar stocks.
Gold prices fell sharply after Trump's remarks about China
Although gold prices fell sharply after former President Trump's statements about China, spot gold prices still recorded an increase of 4.91 TP3T during the week and the converted spot gold price increased by 7.3 million VND/tael.
- Signal: Neutral
- Impact on: SPDR, HSBC
- Comment: The strong fluctuations in gold prices show the sensitivity of the precious metal market to global geopolitical and macroeconomic factors. With gold prices still maintaining an upward trend in the medium term, investors can consider gold as a safe haven or a tool to diversify their investment portfolio. However, it is necessary to closely monitor international economic information and central banks' monetary policies to make appropriate decisions, especially in the context of inflation and interest rates that may change.
Abnormal flow of nearly 20 trillion VND from large banks to joint stock banks
Circular 01/2021/TT-NHNN has led to a situation where State-owned banks have controlled the capital transfer of tens of thousands of billions of VND to buy bonds of joint-stock banks with very low interest rates, long terms and lack of supervision. The Government Inspectorate has recommended amending this Circular to ensure transparency and efficiency.
- Signal: Neutral
- Impact on: State Bank, Government
- Comment: Issues related to Circular 01/2021/TT-NHNN and large capital flows between banks are raising questions about transparency and systemic risks. This is a factor that investors need to pay attention to when assessing the prospects of banking stocks. The amendment of the circular may affect the profits and asset quality of banks, especially joint stock banks receiving this capital source. It is necessary to closely monitor the actions of the management agency and carefully analyze the financial statements of each bank to make safe and effective investment 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.
