HIGHLIGHTED NEWS
The State Bank of Vietnam (SBV) has issued Official Dispatch No. 6784/NHNN-CSTT to direct and instruct the banking system to vigorously and effectively implement solutions to stabilize deposit interest rates and reduce lending rates in order to promote economic growth in 2025, as per the Government’s directive. Accordingly, the SBV requires credit institutions (CIs) to strictly comply with the Governor’s instructions on implementing key tasks of the banking sector in 2025. In addition, credit institutions are urged to further enhance the effectiveness of cost reduction efforts, strengthen the application of information technology, promote digital transformation, and simplify procedures. Credit growth must be ensured to remain safe and efficient, with a focus on prioritizing the allocation of credit capital to production and business sectors, priority sectors, and key drivers of economic growth; while closely controlling credit into risk-prone areas. Furthermore, communication efforts must be enhanced to guide customers on lending rate reduction policies, and to promptly and fully disclose relevant information so that customers can understand and access credit institution policies. For regional SBV branches, the central bank has tasked them with directing local credit institutions to stabilize deposit interest rates and aggressively implement measures to strive for lending rate reductions. They must also continue to strictly disclose information on lending interest rates and preferential credit programs (if any) to facilitate customers’ access and information search.
TRADING STRATEGY
The stock market closed in positive territory at 1,547 points, with liquidity reaching a record high. Capital flow was heavily concentrated in large-cap stocks within the banking, real estate, and basic resources sectors. Meanwhile, selling pressure tended to increase toward the end of the session in mid- and small-cap stocks in sectors such as financial services, industrial services, construction materials, and chemicals. The VN-Index is expected to fluctuate around the 1,540–1,560 point range today.
Toward the end of the afternoon session, the market experienced strong selling pressure after the VN-Index hit a new high at the 1,580–1,585 point zone. Preliminary assessments indicate that profit-taking and portfolio reduction activities have increased broadly across the market. However, demand remained relatively strong—especially among large-cap stocks in general and the VN30 group in particular. The stocks most negatively affected in the last session were mainly individual mid- and small-cap stocks with high market sensitivity and a recent history of sharp increases. The medium-term uptrend of the VN-Index remains intact for now. That said, in the short term, the index may continue to see wide fluctuations with strong market divergence. Investors with a medium- to long-term approach can continue to hold their positions or review and restructure portfolios according to specific strategies to optimize positioning and avoid being swayed by short-term volatility. Short-term traders or those with high cash-to-stock ratios may consider buying during market corrections at support levels, while avoiding chasing prices during sharp rallies and should aim for staggered purchases.
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