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.
A series of large-cap stocks combined to propel the VN-Index to a massive 2,49%, with foreign investors also returning to strong net buying.
The strength of bank stocks was bolstered by the impressive comeback of the Vin group. VIC, VHM, and VRE all surged, providing significant impetus to push the VN-Index to close up 2,491 TP3T, equivalent to 45.31 points – marking the strongest increase in two weeks. In addition, foreign investors returned to strong net buying of over VND 1,054 billion, indicating a gradually improving confidence.
- Signal: Positive
- Impact on: VIC, VHM, VRE, HDB, VCB, TCB, CTG, BID, ACB, SHB
- Assessment: The return of foreign capital is a very clear positive factor for the market. In the short term, the upward trend may continue thanks to momentum from large-cap stocks and banking stocks. In the medium term, investors should consider investing in stocks with strong fundamental potential, combining portfolio management with a profit-preserving strategy. Risks may arise during technical market corrections, so attention should be paid to strong support levels.
Blue-chip stocks continued to attract strong capital inflows, with the banking sector maintaining its leading role.
The VN-Index was somewhat affected after the Vin group showed signs of a slight correction. However, capital continued to flow into other large-cap stocks, especially the banking sector. This group accounted for 40.21% of the total market trading value, clearly reflecting its leading role in the current trend.
- Signal: Neutral
- Impact on: VCB, BID, VPB, CTG, ACB, STB, HDB, NVB, GAS, GVR
- Assessment: The upward trend is clearly differentiated across sectors, creating good opportunities for selection. Blue-chip stocks could support the market if leading stocks continue to take turns leading. Medium-term investors should consider maintaining their portfolios of trend-setting stocks, while short-term investors can observe periods of re-accumulation to increase their holdings appropriately. Caution is needed regarding the risk of short-term corrections if liquidity weakens.
Domestic institutions unexpectedly reversed to net selling as foreign investors made strong purchases.
While foreign investors maintained strong buying momentum, domestic institutional investors reversed course, selling net nearly 459.6 billion VND through order matching, although overall they still made a nominal net purchase of 36.3 billion VND. This signal reflects a certain degree of caution despite the current favorable trend.
- Signal: Positive
- Impact on: VHM, VRE, VCB, MBB, VPB, LPB, CTG, BID, TCX, VPX
- Analysis: The tendency for domestic investors to take profits while foreign investors remain optimistic reflects a lack of consensus. However, this divergence opens up potential buying opportunities as selling pressure creates attractive prospects. A sensible strategy is to wait for corrections to gradually invest in banking and real estate sectors with stable business results. In the long term, the net buying trend of foreign investors will be the foundation for the market.
Capital flows shifted strongly toward US equity ETFs at the beginning of the year.
There has been a clear shift in capital flows towards US equity ETFs despite a slight correction in international markets, indicating that investors still prioritize defensive indices with sustainable returns.
- Signal: Neutral
- Impact on: FTSE, STB, FPT, MWG, VIC, VHM, BWE
- Analysis: The allocation of foreign capital to US ETFs may temporarily slow down the inflow of funds into the Vietnamese market. However, in the long term, the stability of international markets may create conditions for capital to return to emerging markets like Vietnam. Investors should continue to monitor ETF portfolio restructuring activities and take advantage of corrections to participate when valuations are reasonable. Stocks with a large weighting in ETFs remain potential destinations.
Individual investors are expected to open more accounts in the final month of 2025.
The number of individual securities accounts surged to 279,000 in December, indicating growing interest from individual investors. This is the highest number in the past six months, reflecting positive expectations for the market's future.
- Signal: Positive
- Impact on: VPL, MWG, NVL, VIC, VHM, FPT, GEE, HPG, TCB, VPB
- Analysis: A high influx of new investors typically coincides with the early stages of a strong bull market. This presents a good opportunity for listed companies to attract capital and provides impetus to the primary market. In the short term, the volatile sentiment of new investors should be considered, but the long-term outlook is clearly positive. Investors should focus on stocks with strong fundamentals to avoid the high risk of short-term speculation.
Bank stocks are expected to rebound and gain momentum in 2026.
The banking sector is expected to continue to be a bright spot with strong profit growth potential, thanks to policies easing credit limits, improved yields, and a surge in consumer loan demand. This opens up positive prospects in the medium and long term.
- Signal: Positive
- Impact on: VDSC, VIC, CAGR, VCB, CTG, BID, MBB, TCB, TCX
- Assessment: Support from macroeconomic policies and increased credit demand make bank stocks a potential medium- to long-term investment strategy. Investors should aim to accumulate leading bank stocks during the correction phase to capitalize on breakouts in the new cycle. However, factors such as bad debt control and liquidity risk should also be considered. The investment strategy should be selective based on after-tax profit, low P/E ratio, and positive growth prospects.
Market sentiment shows further signs of being convinced by rising index data and increased liquidity.
The surge in both index points and liquidity during the trading session indicates a strong return of capital to the market. The number of rising stocks was 3.2 times greater than the number of falling stocks – showing a clear recovery trend.
- Signal: Neutral
- Impact on: VNI, VIC, VHM
- Assessment: Improved liquidity and market consensus are essential for a sustainable upward trend. However, investors should be wary of overly rapid rallies, which could lead to technical corrections. The most suitable strategy currently is to hold strong stocks and monitor money flow movements to identify opportune moments to increase holdings. In the medium term, if liquidity remains stable, the VN-Index could head towards a new historical peak.
There is no need to be overly concerned about the risk of delisting in large state-owned enterprises.
Experts believe that the likelihood of revoking the public company status of large state-owned enterprises such as GAS, PVN, and TKV is low. These enterprises play a strategic role in the economy and are often supported by the state in terms of transparency and listing on the stock exchange.
- Signal: Neutral
- Impact on: GAS, PVN, PGD, TKV, KSV, BID, GVR, BSR, BCM, HVN
- Assessment: While there are no immediate risks, issues of transparency and corporate governance still need careful consideration. Investors should closely monitor legal developments related to the listing. In the long term, shares of large state-owned enterprises remain a safe option in a portfolio balancing risk and return. A suitable strategy is to invest based on expectations of stable dividends and cash flow.
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.
