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 market may head towards the near resistance zone in the range of 1,755 – 1,775 points.
VnEconomy introduces comments and investment recommendations of a number of securities companies on market developments on December 4, 2025.
- Signal: Neutral
- Impact on: BVSC, BSC, HSX, SHS, HOSE, VPL, TVS, YSVN, LLC, TMCP
- Comment: Strong net foreign buying is a positive indicator, showing that foreign capital is returning to the Vietnamese market and confidence in growth prospects is being strengthened. This could create momentum to push the VN-Index towards the resistance zone of 1,755 - 1,775 in the short term. Investors should monitor liquidity developments and market reactions at this price zone to determine the next trend and consider a partial profit-taking strategy if the target is reached.
Find investment opportunities in the December market
The market faces a number of risks that need to be monitored, such as continued net selling by foreign investors, existing exchange rate pressure, and signs of interest rate increases.
- Signal: Positive
- Impact on: STB, MBB, VCI, GMD, HHV, MWG, ICT, NTP
- Comment: Although foreign net selling may put some pressure on market sentiment, this is also an opportunity for domestic investors to seek stocks with good fundamentals and more attractive valuations. Exchange rate risks and rising interest rates need to be closely monitored, especially the impact on industries with large debts. The appropriate strategy is to focus on businesses with good resilience, stable cash flow and benefit from macroeconomic policies.
Gold price holds at 4,200 USD/oz, SPDR Gold Trust net sells for second consecutive session
The possibility of a Fed rate cut at its meeting next week may already be priced into gold prices.
- Signal: Neutral
- Impact on: SPDR, ADP, RJO, PCE
- Comment: Gold prices remain high, indicating that risk-aversion sentiment is still present, although expectations of a Fed rate cut have been partly reflected. For the stock market, especially the banking group, fluctuations in global and domestic interest rates will directly affect profit margins and asset quality. Investors need to carefully evaluate the financial statements, bad debt ratios and credit growth potential of each bank before making investment decisions.
Dragon Capital Chairman: Vietnam is in a favorable phase for the growth cycle
Vietnam is in a favorable phase for growth, with business confidence, synchronous policies and an expanding capital market, helping GDP stabilize and exports exceed expectations.
- Signal: Positive
- Impact on: VLCA, HAI, CON, PMI, FDI, GIAI, THU, CHO, CHU
- Comment: Dragon Capital’s optimistic view emphasizes the long-term potential of the Vietnamese economy, supported by business confidence, synchronous policies and expanding capital markets. This creates a solid foundation for a new growth cycle in the stock market. Investors should consider building a long-term investment portfolio in sectors that benefit from GDP growth, exports and FDI attraction, while managing risks by diversifying and not being too concentrated in a specific sector.
The 50 most profitable companies in 2025, technology group dominates
Using data from FinanceCharts.com, the infographic below shows the 50 most profitable companies in the 12 months leading up to November 2025.
- Signal: Neutral
- Impact on: ICBC, CCB, ABC, BOC
- Commentary: Information about the most profitable companies, especially the dominance of the technology group, provides insight into the sectors that drive economic growth. Technology companies tend to have high growth rates, but also greater volatility. Investors can research stocks in this group that have solid financial foundations and sustainable business models. Careful analysis of financial indicators and industry prospects is necessary to make smart investment decisions.
US stocks continue to recover after jobs report, oil prices rise more than 1%
This session, financial and banking stocks are the group that benefit the most from the prospect of the Fed lowering interest rates.
- Signal: Neutral
- Impact on: ADP, CNBC, WTI
- Comment: The recovery of US stocks and rising oil prices shows positive sentiment in the global market, which may spread to the Vietnamese market. In particular, the prospect of the Fed lowering interest rates will directly impact the group of financial and banking stocks, helping to improve profit margins and reduce bad debt pressure. Investors can consider bank stocks with good asset quality and high credit growth potential, while closely monitoring monetary policies to come up with appropriate investment strategies.
Cryptocurrency sell-off, is it a “bad omen” for the stock market?
Analysts say the downward pressure on cryptocurrency prices could be a bad sign for global stock markets.
- Signal: Neutral
- Impact on: BOJ
- Comment: The sell-off in cryptocurrencies may reflect a general risk-off sentiment among investors or a shift in cash flows to more traditional investment channels. Although the cryptocurrency market is somewhat independent, a strong sell-off could affect general sentiment and put pressure on other financial markets, including stocks. Investors need to be cautious, manage their portfolios and limit the use of excessive leverage during periods of market volatility.
FTSE Director: Vietnam will be officially included in the index basket in September 2026
According to FTSE representative, March 2026 will be the interim checkpoint, in which FTSE will confirm the implementation capability and assess the market readiness level. By September 2026, Vietnam will be officially included in the index basket in the review period according to FTSE Global Benchmark standards.
- Signal: Positive
- Impact on: FTSE, SSI
- Comment: The news that Vietnam is expected to be included in the FTSE Global Benchmark index basket in September 2026 is an extremely positive signal for the long-term prospects of the Vietnamese stock market. This event will attract stronger foreign indirect investment (FII) flows, improving the market's position and liquidity. Investors should consider accumulating stocks with large capitalization, high liquidity and in the potential portfolio of interest to FTSE. However, it should be noted that this process takes time and depends on meeting specific criteria.
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.
