On January 3, 2025, the stock market news bulletin recorded remarkable developments, providing investors with multi-dimensional information about trends and growth potential. Below is a summary of some outstanding news and analysis of the market situation.
Vietnam Stocks 2024: VN-Index up 12% despite record net foreign selling, opportunity for upgrading opens up from Circular 68
- Signal: Neutral
- Impact on: VN-Index, HNX-Index, UPCoM-Index, VHM, FPT, VGI
- Comment: Although VN-Index increased by 12% in 2024, the market still faces many challenges due to strong net selling pressure from foreign investors. However, Circular 68 and efforts to improve the market open up prospects for future upgrades.
Many former giants will be forced to leave the HOSE floor in 2024, including Garmex Saigon, Pomina Steel, Dong A Plastics and Hoa Binh Construction.
- Signal: Negative
- Impact on: VN-Index, HNX-Index, GMC, POM, DAG, HBC
- Comment: The delisting of many large enterprises may negatively affect investor sentiment and confidence in the stock market. However, this is also an opportunity for the market to purify and improve the quality of listed enterprises.
Foreign investors net sold a record 3.6 billion USD in 2024, expecting more positive capital flows in 2025 thanks to the prospect of market upgrade
- Signal: Neutral
- Impact on: VN-Index, VHM, VIB, FPT, MSN, VRE, HPG, VPB
- Comment: Although foreign investors are strong net sellers in 2024, the prospect of market upgrade may attract foreign capital back in 2025. However, issues regarding foreign ownership ratio and KRX operation progress need to be resolved to ensure this expectation.
Vietnam's stock market needs to improve the quality of intermediary institutions for sustainable development.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, securities stocks such as SSI, VND, HCM
- Comment: Improving the quality of securities companies and fund management will increase investor confidence, attract capital flows and promote healthy market development. This can create growth momentum for the VN-Index in the long term.
Vietnam's asset management market: Great potential but many challenges
- The size of the fund management market in Vietnam is currently only 51.3 billion GDP, much lower than other countries in the region. However, it is forecasted that by 2027, the personal financial consulting market could reach 600 billion USD with a growth rate of 111.3 billion/year. Financial education is considered a key factor to promote the development of the industry.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, stocks in finance, banking and securities sectors
- Comment: The growth potential of the asset management market can promote the development of the financial industry in general. However, it takes time to raise public awareness and perfect the legal framework.
The securities industry sets out 8 major orientations for 2025, focusing on perfecting institutions, modernizing the system and enhancing international status.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, UPCoM-Index
- Comment: The new orientations promise to promote the sustainable development of the Vietnamese stock market. Institutional improvement, system modernization and market upgrading can attract more investment capital, increase liquidity and capitalization value in the long term.
Vietnam promotes the application of the Code of Responsible Supervision to attract sustainable investment
- The State Securities Commission organized an international workshop on sustainable finance, discussing the implementation of the Code of Supervisory Responsibility to improve corporate governance and attract investment capital.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, bank stocks and large enterprises
- Comment: The application of this Code will improve the investment environment, increase transparency and attract foreign capital. This can promote capital flows into the stock market, especially enterprises with good governance and commitment to sustainable development.
KBSV recommends buying KBC with a target price of VND34,400, 26% higher than the closing price. KBC plans to issue 250 million individual shares in 2025 to raise VND6,250 billion.
- Signal: Positive
- Impact on: KBC, VN30
- Comment: KBC's private placement plan could create a short-term price increase momentum. KBC's positive business outlook in 2025 with forecasted strong growth in industrial park leasing area could boost cash flow into industrial park real estate.
Vietnam's stock market may fluctuate within a narrow range on New Year's Day
- Signal: Neutral
- Impact on: VN-Index, HNX-Index
- Comment: VN-Index is fluctuating within the range of 1,255-1,277 points, and may continue to fluctuate to re-accumulate. Buying and selling forces are balanced, as reflected by the MACD indicator. Investors should closely monitor market developments and macro factors to make appropriate 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.
