HIGHLIGHTED NEWS
According to S&P Global, the Vietnam Manufacturing Purchasing Managers' Index (PMI) fell from 52.4 in July 2025 to 50.4 in August 2025, reflecting a modest improvement in business conditions. Manufacturing output continued to increase for the fourth consecutive month in August, but the pace of increase slowed compared to the previous month. However, new orders fell, indicating weakening demand for goods, partly due to the impact of US tariffs. While manufacturers reduced their workforce and finished goods inventories, purchasing activity increased for the second consecutive month. Overall, businesses remain confident about the outlook for the coming year based on expectations of increased demand, thereby encouraging increased purchasing activity, supporting optimism about output.
TRADING STRATEGY
The stock market closed in slight red at 1,681 points with liquidity slightly lower than the average of the previous trading week. Divergence continued. Selling pressure appeared in leading stocks in the finance, real estate, retail sectors and some individual stocks in the VN30. Meanwhile, cash flow tended to find small and medium-cap stocks in the basic resources, oil and gas, industrial services, construction and materials sectors and some individual stocks in the real estate sector. The VN-index today is likely to fluctuate around the 1,675-1,690 point area.
The market continued to fluctuate within a narrow range after the holiday. Cash flow selectively rotated from large-cap stocks to individual stocks in the small and medium-cap group. Foreign investors sold net at high intensity for the third consecutive session. The VN-index is on the rise with the goal of conquering the area around the 1,700 point mark. However, the general cautious sentiment may somewhat affect the consensus in the index's upward trend. Therefore, investors should still prioritize portfolio management according to each individual stock in the portfolio, instead of focusing too much on the general index; can consider taking profits/reducing the proportion of stocks that have met profit expectations or the recovery momentum shows signs of weakening. New purchases should prioritize stocks with stable price bases, reasonable valuations or supporting fundamentals, limiting widespread investment.
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