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.
With low liquidity and a tug-of-war in the market, the 1800-point mark remains secure.
Selling pressure continued to weigh on leading stocks, at one point pushing the VN-Index down to 1797.32 points, but the index still recovered to 1801.95 points by the end of the morning session. The banking sector maintained its divergence, but oil and gas stocks experienced a sharp correction.
- Signal: Neutral
- Impact on: VIC, CTG, TCB, VHM, VPB, FPT, GAS, PLX, PVD, PVT
- Assessment: Although profit-taking pressure remains, the fact that the VN-Index maintained the 1800 mark reflects the market's inherent recovery momentum. In the short term, investors should focus on stocks with strong accumulation bases and implement a strategy of investing in each correction phase. In the long term, the risk from low liquidity should be noted, and flexible portfolio management is necessary.
VN-Index falls sharply, investors remain cautious ahead of the 1,800-point support level.
VnEconomy presents the market outlook and investment recommendations from several securities companies regarding market developments on January 29, 2026. The weakening of large-cap stocks is causing the VN-Index to approach a key support level.
- Signal: Neutral
- Impact on: BVSC, BSC, HSX, SHS, TVS, VIC, VHM, VRE, PLX, BID
- Assessment: Selling pressure from foreign investors may prolong the consolidation phase around 1,800, reducing short-term upward momentum. Long-term investors should patiently wait for a confirmation point and monitor the strength of domestic capital flows. Flexible portfolio structuring based on groups of stocks with stable business results is necessary in the current context.
Bottom-fishing demand pushed prices back up significantly in the afternoon session.
Market breadth shifted positively as bargain-hunting buying returned, pulling many mid-cap and blue-chip stocks back up. Several large-cap stocks turned from red to green, indicating a gradual recovery in investor sentiment.
- Signal: Neutral
- Impact on: VHM, GAS, VCB, TCB, GVR, MSN, MWG, VNM, FPT, HPG
- Assessment: The bottom-fishing move is a positive short-term signal, but the sustainability of the cash flow needs to be verified in the coming sessions. For short-term investors, consider looking for rallies to restructure your portfolio. In the long term, prioritize defensive stocks and those benefiting from domestic consumption growth. Risk mitigation is crucial given the unstable liquidity.
HOSE in 2025: VN-Index conquers 1,784 points, market capitalization reaches record high.
2025 concluded with many historical milestones for the Ho Chi Minh City Stock Exchange (HOSE), with the VN-Index recording a growth of over 40%, the new information technology system operating smoothly, and market capitalization experiencing a strong breakthrough. This positive trend is expected to continue in 2026 as HOSE further improves market operational efficiency.
- Signal: Positive
- Impact on: HCM, HOSE, FTSE, Warehouse, Trading Volume, Trading Value, KRX, List, High, Stock Market
- Assessment: The upgrading of trading infrastructure and the increase in market capitalization indicate a solid improvement in the market foundation, creating favorable conditions for large domestic and foreign capital flows. In the short term, this presents an opportunity for strategic investors to accumulate leading industry stocks. In the medium and long term, a more transparent investment environment will minimize legal risks and support sustainable market growth.
In contrast to Southeast Asia, ETFs investing in Vietnam experienced strong net inflows.
In the Southeast Asian ETF market, net outflows narrowed to $19.9 million, down $54.61 TP3T from the previous week. This improvement came from the Vietnamese market, which reversed to a net inflow of $14.93 million, reflecting positive expectations from international investors.
- Signal: Positive
- Impact on: FTSE, VCB, VHM, VNM, STB, KBC, ACB
- Analysis: Net buying activity from ETFs reflects positive expectations regarding profit prospects and macroeconomic stability. This is a time for investors to focus on ETF stocks with good liquidity and strong financial foundations. In the short term, a technical uptrend may occur; take advantage of this to increase holdings of strong stocks and reduce holdings of illiquid stocks.
The economy needs 4.7 million billion VND for investment to support GDP growth.
The Vietnam Macroeconomic Outlook report, themed “Positioning Capital Sources for High Growth Targets in the 2026-2030 Period” by FiinGroup, clearly states that Vietnam will need approximately VND 4.7 trillion to realize its GDP growth target of 101% in the coming period, with the role of the private sector and FDI being emphasized.
- Signal: Positive
- Impact on: NGU, FDI, NHI, PHI, NGHI
- Assessment: The high demand for investment capital presents an opportunity for leading companies to raise funds through IPOs or bonds. For medium-term investors, this is an opportunity to find companies with strong growth potential driven by public investment and FDI inflows. However, caution is needed regarding the quality of governance and debt levels of rapidly growing companies.
An estimated 209 trillion VND worth of bonds will mature in 2026.
The estimated value of corporate bonds maturing in 2026 is expected to reach VND 209 trillion, equivalent to 141% of the total outstanding debt, raising concerns about the pressure of financial restructuring on weak businesses.
- Signal: Neutral
- Impact on: MBS, TCB, VPB, OCB
- Assessment: The maturity of large bonds could put pressure on refinancing and impact corporate cash flow, especially if interest rates rise. In the short term, investors should carefully screen companies with a good debt repayment history and stable profitability. In the long term, companies with high financial leverage and a lack of financial transparency should be avoided.
Chinese investors have significantly increased their silver purchases on the international market.
Silver prices tend to surge due to accumulation by Chinese investors, driven by expectations of it as a hedge against inflation and demand for physical silver in the renewable energy industry. Increased speculative trading has pushed prices to record highs.
- Signal: Neutral
- Impacts: MKS, PAMP, UBS, SDIC, LOF, FOMO
- Analysis: The sharp rise in silver prices could create a ripple effect of increased buying pressure on precious metals and resource-related stocks. However, the risk of a correction when expectations reverse is also significant. Investors should consider short-term trading with appropriate margins of safety, while closely monitoring selling pressure from hedge funds to effectively manage 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.
