HIGHLIGHTED NEWS
According to a survey by the State Bank of Vietnam, the liquidity of the banking system continued to remain in good condition in the second quarter and is expected to improve in the coming period. Notably, 84.1% of credit institutions expect pre-tax profits in 2026 to grow compared to 2025, although they have lowered their forecasts for deposit growth to 14.3% and credit growth to 14.5%, lower by 1.6 and 1.5 percentage points respectively compared to the previous survey. In addition, demand for loans continues to increase, with the business sector becoming the main driver of growth, while the non-performing loan ratio continues to slightly decrease.
The Government has just issued Decree 274/2026/ND-CP detailing the selection of investors for business investment projects, and also supplementing preferential mechanisms in evaluating bid documents. Accordingly, projects involving land use and certain sectors such as electricity, water supply, education, and healthcare must be subject to competitive bidding to select investors. Notably, investors applying high technology, environmentally friendly technology, and innovative businesses receive preferential treatment of up to 5% when evaluating bids, while commitments to technology transfer receive a 2% preferential treatment.
TRADING STRATEGY
The stock market continued its recovery and closed at 1,853.7 points. Liquidity improved compared to the previous session and was higher than the 20-day average. The index mainly fluctuated around 1,850 points with relatively balanced movements. Improved buying pressure in some sectors such as Financial Services, Banking, Oil & Gas, and Chemicals helped the VN-Index maintain its positive momentum and slightly extend its gains towards the end of the session. Foreign investors continued to be net sellers. Overall, this was a trading session with not too much volatility in terms of points but improved liquidity. The upward momentum was mild, however, many sectors did not maintain their positive state until the end of the session. Therefore, the VN-Index may continue its sideways consolidation trend and fluctuate around the 1,850–1,870 point range in the next trading session.
Investors may consider restructuring their portfolios by taking profits, reducing the weighting of stocks previously purchased at low prices, and accumulating shares with attractive valuations and stable price accumulation bases, in anticipation of further short-term recovery opportunities.
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