TRADING STRATEGY
In Vietnam, the financial leasing channel is considered an important source of medium- and long-term capital for small and medium-sized enterprises, but it still remains modest compared to its potential. During the 2021–2024 period, the average annual growth rate of outstanding loans reached 14.6%, yet the total outstanding loans of the entire industry accounted for only 0.28% of the total credit outstanding of the whole economy (estimated at about VND 47 trillion). One of the biggest obstacles hindering the development of the financial leasing industry comes from the legal framework itself. Currently, financial leasing companies are restricted from leasing high-value assets such as aircraft and ships. Meanwhile, operating lease companies, such as aircraft leasing firms, operate under the Law on Enterprises and face no such limitations, creating an imbalance. In addition, the joint circular guiding the recovery and handling of leased assets by financial leasing companies is no longer in effect, causing many difficulties for these companies. Furthermore, numerous issues related to taxes and fees are also burdening enterprises. To promote the development of the industry, the Financial Leasing Association has proposed a number of medium- and long-term solutions, with a focus on adopting a more open-minded approach and simplifying licensing procedures in order to increase the number of financial leasing companies in the market.
TRADING STRATEGY
The stock market rose positively, reaching the 1,640-point level, with liquidity slightly decreasing compared to the previous trading session. Capital flows shifted strongly from mid-cap stocks in the industrial services, chemicals, and construction materials sectors to leading sectors such as finance and real estate. Today, the VN-Index is expected to fluctuate within the 1,635–1,650-point range.
The market gained thanks to positive movements in large-cap VN30 stocks, while selling pressure continued to appear in mid- and small-cap groups. Buying interest was mostly concentrated in individual stocks supported by macroeconomic policies or positive corporate developments. The VN-Index is unlikely to face major obstacles in conquering the 1,630–1,650 resistance zone. However, the upward trend in the coming period may follow a divergence scenario, with stocks alternating between cooling off and gradual gains, thereby helping the index move toward the next resistance zone at 1,680–1,700 points. Investors are advised to continue holding their strategic portfolios, while considering partial restructuring of stocks that have reached profit targets, and reinvesting into other fundamentally strong stocks with better growth potential during market corrections.
