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.
The upward trend slowed down due to the rotation of leading stocks, while small and medium-sized stocks maintained their momentum.
Increased profit-taking pressure in the banking sector made it difficult for the VN-Index to maintain its momentum; however, VinGroup stocks recovered well, helping the index retain its 1,03% gain. The shift of capital towards small and medium-sized stocks also reflects greater proactiveness from individual investors.
- Signal: Neutral
- Impact on: VCB, CTG, TCB, MBB, LPB, VIC, VHM, VPL, BID, VPB
- Analysis: Smart money is trending towards seeking opportunities in mid- and small-cap stocks, avoiding profit-taking pressure from large-cap stocks. In the short term, investors should take advantage of corrections to accumulate good fundamental stocks with reasonable valuations. In the long term, the rotation of leading stocks could create opportunities for compounded portfolio gains if capital is allocated flexibly.
Launching a startup capital exchange and carbon market in 2026.
The government will study the establishment of a capital exchange for innovative startups and implement a pilot carbon trading system at the Hanoi Stock Exchange, expected to be operational by the end of 2026. This is a strategic step towards sustainable, transparent, and professional development of the investment environment.
- Signal: Positive
- Impact on: HNX, VNX, KRX
- Assessment: The new trading system not only supports startups in accessing capital but also provides investors with additional tools to diversify their portfolios. In the short term, the market clearly expects improvements in liquidity; in the long term, this will usher in a new era for the financial industry and the environment. Attention should be paid early to small-scale listed companies with strong innovative thinking.
Credit restrictions and rising interest rates have been seen to impact the real estate market.
Rising interest rates and tighter credit policies could lead to a contraction in capital flows into the real estate sector, altering price trends and liquidity. Investors are becoming more cautious about stocks linked to the real estate and consumer finance cycles.
- Signal: Neutral
- Impact on: SGI, LDR, SIP, MWG, FMC, PNJ, PLX, SAB, TLG
- Assessment: In the short term, capital is likely to shift away from interest-rate-sensitive sectors such as real estate and non-essential consumer goods. In the long term, credit control helps create a more solid foundation for stable growth. This period is suitable for portfolio restructuring, selecting stocks with healthy balance sheets and high cyclical resilience.
The two key investment themes for 2026 focus on economic recovery.
2026 is expected to be a year of accelerated investment, driven by FDI disbursement and public investment. Infrastructure, steel, supporting industries, and energy sectors are expected to see strong capital inflows, providing a foundation of confidence for manufacturing businesses.
- Signal: Positive
- Impact on: FDI, VDSC, HPG, HSG, THG, BMP, CTI, PVS, PVD, PVT
- Assessment: The synchronized involvement of private sector, FDI, and public investment strengthens the prospects of the industrial and construction materials sectors. In the short term, leading stocks may surge as the public disbursement package overcomes bottlenecks. In the long term, the trend of reshaping global supply chains helps Vietnam attract sustainable investment flows. Investors should focus on stocks with large backlogs and strong implementation capabilities.
Gold prices hit a new high, surpassing $4,600/oz, but major investment funds have yet to act.
Gold prices hit new record highs due to strong safe-haven demand amid geopolitical uncertainties and concerns about the Fed's independent monetary policy. However, the SPDR Gold Trust – the largest gold ETF – has yet to increase its holdings, reflecting caution among institutional investors.
- Signal: Neutral
- Impact on: SPDR, HSBC
- Assessment: The gold market is experiencing a surge, but this is primarily driven by psychological factors, lacking a significant inflow of capital from large funds. In the short term, gold prices may fluctuate sharply due to geopolitical conflicts. In the long term, the price outlook remains positive if US interest rate policies maintain a downward trend. Investors should utilize gold ETFs to manage risk and take advantage of technical corrections to gradually accumulate gold.
US stocks hit record highs despite Fed chairman investigation and rebound in oil prices.
The news that Fed Chairman Jerome Powell is under investigation hasn't caused excessive market anxiety. The S&P and Nasdaq even continued to reach new highs amid a rebound in oil prices driven by concerns from OPEC. However, the divergence between technology and energy stocks is shaping new capital allocation strategies.
- Signal: Negative
- Impacts: DOJ, AMD, CNBC, WTI, OPEC
- Assessment: Investors are choosing to ignore short-term negative news, but this carries risks if the investigation's conclusions are unexpectedly revealed. In the short term, high oil prices are putting pressure on global production costs, impacting corporate profit margins. Strategically, it's advisable to avoid buying the peak of already overheated technology stocks and to accumulate energy stocks during commodity price rallies.
61 stocks had their margin trading suspended due to violations of listing standards in the first quarter of 2016.
The margin cuts on 61 stocks on the HNX due to reasons such as delayed information disclosure, negative business results, or being under supervision show that transparency mechanisms are being tightened. This forces investors to be more selective when trading.
- Signal: Neutral
- Impact on: HNX, BCC, DHP, CTCP, HCT, LDP, MAS, MED, NBP, NVB
- Assessment: The short-term impact is that speculative capital tends to withdraw from weak stocks, reducing local market liquidity. However, in the long term, this screening process helps improve the quality of listed companies. It is advisable to avoid stocks with violations to ensure capital safety and prioritize stocks with clear and transparent financial results.
South Korea is preparing to lift its ban on cryptocurrency investments by financial companies.
The new economic growth strategy aims for the national budget to operate through a CBDC (Commercial Capital Adequacy Ratio) by 2030. South Korea is considering lifting the ban on financial companies investing in cryptocurrencies to increase market openness.
- Signal: Neutral
- Impact on: CBDC, FSC, USDT, DAT
- Assessment: Policy changes could open the door for cryptocurrencies to increase their influence in the traditional financial sector. However, a lack of transparency and international standards remains a hindrance for institutional investors. In the short term, there may be a surge in fintech stocks; in the long term, monitoring of standardization progress and the legal framework is necessary. The strategy is to allocate capital moderately, prioritizing short timeframes with low risk.
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.
