HIGHLIGHTED NEWS
According to the Ministry of Finance, the disbursement of public investment capital in the first two months of 2026 continued to show positive signs, reaching approximately VND 55,740 billion, equivalent to 5.6% of the assigned plan and about VND 10,900 billion higher than the same period last year. However, the disbursement progress remains uneven, with many ministries, sectors, and localities having disbursement rates below the overall average, including 25 ministries and agencies with disbursement rates below 1% or no disbursement at all. 2026 is also the first year of the medium-term public investment plan for the 2026-2030 period, with the largest capital scale ever, increasing the pressure for implementation. In the coming period, the Ministry of Finance stated that it will continue to coordinate with ministries, sectors, and localities to review capital allocation, resolve obstacles in land clearance, material supply, and legal procedures, while accelerating the progress of key infrastructure projects to improve disbursement efficiency and support the economic growth target for 2026.
TRADING STRATEGY
The stock market recovered to the 1,818 point mark with improved liquidity, reaching its highest level in over four months. Differentiation continued. Besides maintaining capital flows in the oil and gas and utilities sectors, there was a gradual shift towards leading stocks in the finance, F&B, and retail sectors. Conversely, selling pressure was mainly concentrated in the industrial services, chemical, technology, construction, and materials sectors. The VN-Index is likely to fluctuate around the 1,805-1,830 point range today.
The stock market's spectacular recovery at the 1,780-1,800 point support level, amidst a series of stocks approaching oversold territory, after facing relatively strong selling pressure in the early afternoon, helped to alleviate some of the overall psychological tension. Although global geopolitical fluctuations show no signs of abating, the fact that safe-haven assets and energy prices are no longer soaring as before partly suggests that global markets are beginning to see a general expectation that tensions will not escalate further and that negotiations will lead to peace between conflicting nations. The VN-Index will likely need a few more trading sessions to verify the stability of the supply-demand balance and the reaction of capital flows after the recent reversal. The immediate resistance level to watch is around 1,820-1,840 points. Investors should carefully manage their portfolio weightings and consider increasing their holdings in medium-term strategic portfolios when supportive reversal signals appear. Short-term trading should be flexible and adapt to capital flow movements.
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