HIGHLIGHTED NEWS
According to S&P Global, Vietnam's manufacturing Purchasing Managers' Index (PMI) for January 2026 reached 52.5 points, a slight decrease of 0.5 points compared to December 2025, but still maintaining growth for the seventh consecutive month. This growth is driven by factors including a slight but insignificant decrease in orders, stable employment, business confidence reaching its highest level in 22 months, and the strongest increase in output prices since April 2022.
According to the World Gold Council (WGC), total gold demand in 2025 is expected to reach an all-time high of 5,002 tonnes, setting a new record compared to the 2024 report (approximately 4,974 tonnes). Globally, investors seeking safe havens and portfolio diversification have significantly increased their inflows into gold exchange-traded funds (ETFs), with net purchases reaching 801 tonnes for the year. For physical gold, total global demand reached 1,374 tonnes. Of this, the two largest markets, China (up 28% year-on-year) and India (up 17%), accounted for over 50% of the total demand in this segment.
TRADING STRATEGY
The stock market declined to 1,806 points with improved liquidity compared to the previous trading session. Market differentiation intensified. Selling pressure increased in some leading stocks in the real estate, financial services, and basic resources sectors, while capital tended to flow towards large-cap stocks in banking, retail, and mid- and small-cap stocks in oil and gas, technology, chemicals, construction, and materials. The VN-Index is likely to fluctuate in the 1,800-1,825 point range today.
The market faced downward pressure early on due to concerns about the multi-directional fluctuations of global asset classes potentially impacting domestic capital flows. The VN-Index briefly fell close to 1,780 points. However, the fact that this selling pressure was mostly limited to a few specific stocks allowed for a quick return of buying support towards the end of the afternoon, helping the index narrow its decline. The overall sentiment remains relatively stable as capital flows continue to favor fundamental stocks, particularly mid- and small-cap stocks, even during sharp declines in the index. The VN-Index is currently nearing the establishment of a bottom for a new medium-term uptrend, making this a suitable time for investors to cautiously increase their holdings of strategic stocks in their portfolios. Additionally, short-term trades should prioritize stocks that have confirmed an uptrend and successfully retested support levels, or be flexible depending on capital flow developments.
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