HIGHLIGHTED NEWS
At the Government’s regular July meeting, Minister of Finance Nguyễn Văn Thắng reported that public investment disbursement in July 2025 reached VND 69.728 trillion (up 7.9% compared to the cumulative disbursement as of the end of June 2025); surpassing the same period in 2024 in both percentage and absolute terms (up 10.1%, equivalent to VND 161.7852 trillion). Notably, the disbursement rate of local budget capital reached 57.5%, significantly higher than the 24.2% recorded in the same period last year. This result clearly reflects the efforts of localities in managing and implementing public investment tasks. According to the Ministry of Finance, the marked progress in disbursement activities in recent times has been achieved thanks to positive changes in policies and mechanisms on bidding, thorough decentralization and delegation of authority, giving agencies, sectors, and localities greater autonomy and flexibility in investment preparation and capital plan management, ensuring no disruption during the implementation and disbursement of public investment projects. Although overall progress has improved, some shortcomings remain unresolved, most notably difficulties related to site clearance, shortages of construction materials, and delays in planning approval and adjustments. In response, the Ministry of Finance has proposed several key solution groups aimed at achieving a public investment disbursement rate of 60% of the plan assigned by the Prime Minister by the end of the third quarter of 2025, and completing 100% of the 2025 annual disbursement plan.
TRADING STRATEGY
The stock market rose and closed at 1,581 points with improved liquidity. Divergence continued within individual sectors. Capital flow remained strongly concentrated for the third consecutive session in several large-cap banking and basic materials stocks, before gradually spreading to mid- and small-cap stocks in the real estate, basic materials, chemicals, and consumer goods sectors. The VN-Index is expected to fluctuate today within the 1,575–1,585 range.
The market has maintained a positive trend since the previous highly volatile session. Selling pressure has mainly appeared in stocks that had experienced strong rallies earlier or played a role in index adjustment. Capital flow has started to show signs of slight and selective rotation from large-cap stocks to mid- and small-cap stocks based on fundamental factors. The VN-Index is now approaching the 1,580–1,600 resistance area, which could be the next psychological test for investors. Therefore, the suggested trading strategy is to patiently hold positions and manage stocks individually within the portfolio. Short-term traders or those with a high cash-to-stock ratio may consider buying during pullbacks at support levels, while avoiding chasing after sharp price increases and refraining from spreading purchases too broadly.
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