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.
Discouraged by the seemingly positive market, selling pressure intensified, leading to sharp declines in numerous stocks.
The afternoon session saw a tug-of-war as the index remained in positive territory but most stocks declined. This "green outside, red inside" effect increased psychological pressure, causing investor anxiety and a significant increase in selling across many sectors.
- Signal: Positive
- Impact on: VHM, VIC, VRE, VPL, HDB, STB, TCB, GAS, VCB, MCH
- Assessment: Despite strong market divergence, the increase in net buying by foreign investors still reflects expectations of a recovery. Short-term volatility may occur, but opportunities remain in the blue-chip group. The appropriate strategy is to accumulate large-cap stocks with stable business results and strong cash flow. In the long term, this is a suitable period to restructure portfolios towards safe yet potentially profitable investments.
Markets were sluggish on the first day of the year, but oil and gas stocks unexpectedly surged.
Influenced by the international situation, regional markets are showing cautious movements. Domestically, many stocks are undergoing corrections, while the oil and gas sector is experiencing positive capital inflows and strong price increases, contributing to maintaining the index's balance.
- Signal: Neutral
- Impact on: GAS, VIC, VHM, VPL, PVO, PVC, PVS, OIL, PVB, PLX
- Assessment: Although the overall trend is fluctuating slightly, oil and gas stocks are showing attention from short-term investors. Medium-term risks remain, and investors should prioritize observation and avoid rushing into full-scale investments. Current sector-specific investments should focus on companies with sound financial foundations and positive Q1 results prospects. This period is suitable for a quick-profit strategy during technical rebounds.
Overview of the stock market in 2025: Vingroup Group makes a significant contribution to the index's upward trend.
2025 marked a major breakthrough for Vingroup's group of stocks, contributing 264 points to the VN-Index, equivalent to more than 50% of the overall market increase. In addition, the banking and technology sectors also significantly supported the overall upward trend.
- Signal: Positive
- Impact on: TCB, VPB, MBB, STB, LPB, SHB, FPT, DGC, VCB, BCG
- Analysis: The dominance of large-cap stocks reflects a trend of capital shifting towards high-impact companies. In the short term, the sharp increase may lead to a technical correction. Investors should closely monitor trading volume and capital flow support. The medium-term strategy is to take advantage of corrections to increase portfolio weighting in industry-leading stocks. In the long term, the VN-Index has a positive foundation for the next growth phase, supporting the outlook for 2026.
Foreign investors recorded a record net selling of $5.2 billion on the Vietnamese stock market.
Foreign investors recorded a record-breaking net selling of nearly $5.2 billion in 2025, continuing a streak of net selling spanning several years. However, strong domestic capital inflows helped prevent the market from being significantly negatively impacted.
- Signal: Neutral
- Impact on: VIC, VHM, VRE, VPL, MWG, NVL, FPT, GEE, HPG, TCB
- Assessment: The long-term net selling trend by foreign investors partly reflects risks regarding global interest rate prospects and exchange rate policies. However, absorption by domestic investors is a positive factor supporting market stability. In the short term, volatility may create psychological pressure, but in the long term, Vietnam remains attractive to investment thanks to its improving macroeconomic foundation. Investors should selectively choose stocks with stable cash flow and good EPS growth to mitigate the impact of international macroeconomic fluctuations.
Oil and gas stocks and the stock market remained stable despite the situation in Venezuela.
Recent geopolitical developments in Venezuela are not expected to have a significant impact on the global energy market. This has helped keep oil prices stable and avoided strong fluctuations in domestic oil and gas stocks.
- Signal: Neutral
- Impact on: VIC, VHM, VRE, VPL, OPEC, MBS, PVN, PVEP, CVP
- Assessment: The energy market's lack of overreaction to international news indicates stability in oil price expectations. In the short term, the oil and gas sector may consolidate sideways, but in the long term, there is significant potential for a breakout, supported by demand. Investors should observe quarterly financial reports and monitor domestic and international oil and gas policies. The current period is suitable for a strategy of accumulating fundamentally sound stocks with a medium-term outlook.
GAS shares surged to their ceiling price despite not yet meeting the criteria for a public company.
PV GAS has a concentrated shareholder structure with PVN holding the majority of shares. Although it has not yet met the criteria for a public company, GAS has still recorded a surge to its ceiling price thanks to the industry outlook and positive profit expectations.
- Signal: Positive
- Impact on: GAS, PVN, HOSE, SSI, LPG, LNG, CAGR, PVO, PVC, PVS
- Assessment: The strong upward trend reflects investor confidence in PV GAS's business prospects and expectations from oil prices. In the short term, the stock may continue to attract speculative capital. However, liquidity risk should be considered given the current shareholder structure. Investors should prioritize a strategy of gradually taking profits when the stock exceeds its intrinsic value. In the medium and long term, meeting the criteria for a public company will be a decisive factor in its transparency and attractiveness to institutional investment.
DGC may be removed from the VN30 index basket in the Q1/2026 restructuring.
Based on quantitative criteria, DGC is likely to be removed from the VN30 index and replaced by VPL. This could affect investor sentiment and capital flows from ETFs.
- Signal: Neutral
- Impact on: DGC, VPL, MBS, HPG, MWG, SAB, STB, LPB, VNM, KIM
- Analysis: Changes in the VN30 index typically create short-term price fluctuations due to mechanical buying and selling from exchange-traded funds (ETFs). Investors should take advantage of this period to engage in speculation based on expectations or restructure their portfolios accordingly. In the medium and long term, fundamental factors will determine price trends. Investors need to carefully assess the profit growth potential and development strategies of each company before making decisions.
Banks are being cautious about managing bad debts as they head into 2026.
Banks recorded a slight increase in non-performing loan ratios at the end of 2025, however, pre-tax profits remained positive. In 2026, profits are projected to decrease but the system will remain stable due to risk provisioning and control policies.
- Signal: Neutral
- Affects: OTC, III, NPL, LLR, SML
- Assessment: Despite the increase in non-performing loans (NPLs), proactive provisioning helps the banking system maintain its stability. In the short term, banking stocks may face downward pressure on profit margins, but in the long term, a stable financial foundation will fuel renewed growth. Investors should focus on banks with high NPL coverage ratios and sound credit strategies. This period is suitable for accumulating mid-cap banking stocks with good recovery potential and attractive dividend policies.
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.
