HIGHLIGHTED NEWS
At the seminar on the implementation of Decree 94/2025/NĐ-CP dated July 1, 2025, regarding the "Regulatory Sandbox Mechanism in the Banking Sector," the State Bank of Vietnam released data related to digital transformation and payment infrastructure development within the banking system. According to the report, the interbank electronic payment system is processing an average of approximately VND 820 trillion per day. The financial switching and electronic clearing system handles about 26 million transactions per day. The data update success rate from credit institutions exceeds 98%. As of the end of 2024, nearly 87% of adults in Vietnam had an account with a bank or a licensed institution. The value of non-cash transactions in 2024 was equivalent to 25 times the country’s GDP. Speaking at the seminar, Deputy Governor of the State Bank of Vietnam, Mr. Pham Tien Dung, emphasized that the issuance of Decree 94 is an important and breakthrough step in creating a controlled legal framework for fintech trial operations. Decree 94/2025/NĐ-CP, issued on April 29, 2025, introduces a sandbox mechanism for new financial products, services, and business models. Initially, three areas are being considered for pilot implementation: credit scoring, data sharing via open APIs, and peer-to-peer (P2P) lending. The State Bank stated that it will continue to review and evaluate to expand the list of eligible solutions based on practical needs.
TRADING STRATEGY
The stock market closed slightly higher at 1,377 points, with improved liquidity compared to the previous session. Capital flows were once again segmented, favoring leading stocks in the banking and technology sectors, along with select individual stocks in construction, materials, services, and consumer sectors. Today, the VN-Index is expected to fluctuate within the 1,375–1,385 range.
The market continues to move sideways with a slight upward trend within a narrow range. Cash flow is rotating smoothly between large-cap stocks, story-driven individual stocks, and more common mid- and small-cap stocks, helping stabilize the market and support stock prices during volatility. The main trend of the VN-Index remains a recovery toward the psychological level of around 1,400 points. Investors are advised to hold their positions and consider increasing their exposure during price pullbacks, prioritizing fundamentally strong stocks with promising Q2 earnings and continued positive outlooks in Q3 2025.
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