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.
Dragon Capital CEO: In 2025, only 171 TP3T stocks will outperform the VN-Index, the lowest level in history.
Statistics from Dragon Capital show that only about 171 stocks are expected to outperform the VN-Index in 2025, the lowest figure in over 25 years of the Vietnamese stock market's operation. This reflects a clear divergence between industry groups and a high degree of selectivity in investment flows.
- Signal: Neutral
- Impact on: VIC, VHM, DCDS, BMFF, OUB, VCB, BCF, VCBF, MBVF, FTSE
- Analysis: Although the percentage of stocks outperforming the VN-Index is very low, this opens up opportunities for value investors to seek out undervalued stocks. However, stock selection should be based on solid fundamentals and clear industry prospects. In the short term, the market may continue to fluctuate, but in the long term, companies with good governance and competitive advantages will stand out. Investors should strengthen risk management through portfolio diversification and regularly reassess their investment strategies according to each market phase.
Experts predict that the market upgrade will cause significant fluctuations in foreign capital flows in the initial period.
Some experts believe that in the initial phase when the market shows signs of an upgrade, foreign capital tends to withdraw to restructure portfolios. However, after the market stabilizes, capital tends to return more strongly, as seen at the end of December with increased net buying by foreign investors.
- Signal: Neutral
- Impact on: IVS, FTSE
- Assessment: Fluctuations in foreign capital flows may cause short-term selling pressure, but they also pave the way for more positive medium- and long-term investment trends. This is a period requiring caution but not pessimism. Investors should take advantage of market corrections to accumulate fundamentally sound stocks that may benefit from an upgrade in market status. Ensuring portfolio liquidity and closely monitoring capital flow developments are prerequisites for optimizing investment performance.
US stock market surges ahead of Fed meeting, oil prices reverse course and correct downward.
US stocks rose in recent trading sessions as investors anticipated the Fed would keep interest rates unchanged and reacted positively to the latest quarterly earnings reports. Meanwhile, oil prices saw a slight correction due to pressure from increased supply and a slowing economic demand outlook.
- Signal: Neutral
- Impact on: CNBC, WTI, OPEC, BOK
- Assessment: International investor sentiment is gradually improving, reflecting positive expectations for stable monetary policy. However, risks from geopolitical factors and persistent inflation remain. For the Vietnamese market, this trend creates opportunities for export and oil and gas sectors, but caution is needed regarding fluctuations in input material prices. The strategy should focus on stocks with recovery potential and less susceptibility to global volatility.
The Japanese yen strengthened sharply as the USD weakened, with markets awaiting moves from the Fed and the Bank of Japan.
The Japanese yen continued its upward trend, while the US dollar fell to its lowest level in four months, driven by expectations of an early easing of monetary policy by the Fed. Investors are closely monitoring the potential coordination between the US and Japan in regulating the foreign exchange market to avoid excessive exchange rate volatility.
- Signal: Neutral
- Impact on: OCBC, BOJ
- Assessment: The appreciation of the Japanese yen could affect international capital flows and put pressure on other currencies, including the Vietnamese dong. This could impact export sectors such as textiles and seafood. In the long term, exchange rate stability is crucial for a sustainable investment environment. Investors should closely monitor the monetary policies of major central banks to adjust their investment strategies according to exchange rate scenarios.
Cryptocurrency funds recorded record outflows of $15 billion in a single week.
Total assets under management in cryptocurrency funds saw a sharp decline from $193 billion to $178 billion within a week. This was driven by profit-taking pressure, concerns about legal risks, and changes in regulatory frameworks across several major markets.
- Signal: Neutral
- Affects: ETP, XRP
- Assessment: Despite significant capital outflows, this could be a long-term accumulation opportunity as digital asset values are stabilizing around support levels. Risks remain significant due to the lack of a clear legal framework, but the possibility of capital returning is still present. Investors should consider investing in stages, closely monitoring technical indicators and actions from regulatory bodies to control the risk of large losses.
Gold prices fell sharply after peaking at $5,100/oz, with no new purchases by the SPDR Gold Trust.
Global gold prices reached a record high of over $5,100/oz but quickly fell back to around $5,000/oz due to profit-taking pressure and cautious sentiment ahead of the Fed's interest rate decision. The SPDR Gold Trust, one of the world's largest gold investors, did not make any short-term purchases.
- Signal: Negative
- Impact on: SPDR
- Analysis: The reversal in gold prices immediately after reaching a peak indicates unsustainable speculative demand. In the short term, gold is unlikely to maintain an upward trend if the Fed continues its tight monetary policy. For the Vietnamese market, this impacts the jewelry sector and financial products related to gold. Investors should limit gold investments at this time and prioritize assets with more stable cash flows to manage risk.
Vietnam will officially legalize crypto assets starting in 2026 with the Law on Digital Technology Industry.
From January 1, 2026, Vietnam will become the 46th country in the world to legalize crypto assets under the Law on Digital Technology Industry. This is a major step forward in developing the national financial technology ecosystem and attracting international investment into blockchain, fintech, and Web3 sectors.
- Signal: Neutral
- Impact on: VBA
- Assessment: The legalization of cryptocurrencies creates a clear legal framework, thereby minimizing risks and increasing transparency for investors. In the short term, the new regulations may create volatility due to the shift in the investment environment, but in the long term, this is a strong driving force for the development of the fintech industry. Investors should consider allocating capital appropriately to cryptocurrencies and closely monitor guiding circulars to optimize investment efficiency.
Goldman Sachs CEO's compensation in 2025 is projected to reach $47 million thanks to impressive growth.
Goldman Sachs has decided to pay CEO David Solomon $47 million in 2025, a significant increase from the previous year, thanks to a 20% increase in corporate profits and better-than-expected performance from its investment banking and asset management segments.
- Signal: Neutral
- Impact on:
- Assessment: High executive compensation reflects the company's sustainable growth and long-term vision. While not directly impacting the Vietnamese market, this is a positive sign regarding the prospects of the global financial sector. Investors can monitor the investment banking and finance sector for medium- to long-term investment opportunities, prioritizing stocks with flexible business models and the ability to tap into international markets.
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.
