HIGHLIGHTED NEWS
According to data from the Vietnam Bond Market Association, in the first 9 months of 2025, the cumulative value of corporate bonds issued in the primary market reached VND353,563 billion, up 24.4% over the same period. Of which, the majority of the issuance value belonged to the commercial banking group. The maturity pressure in October was only about VND17,000 billion, lower than previous months, thereby reducing the pressure on short-term capital demand and creating a certain buffer for businesses with refinancing plans. Corporate bond transactions in the secondary market were active again in September with liquidity reaching VND150,700 billion - the highest level since the beginning of the year. For government bonds, in the first 9 months of 2025, the State Treasury mobilized VND255,688 billion and completed 51.13% of the yearly plan. Government bonds issued in September included terms of 5, 10 and 30 years, of which the majority was the 10-year term, accounting for 92.66%.
TRADING STRATEGY
- The stock market recovered to the 1,697-point mark with positive liquidity improvement. Cash flow spread slightly under the leadership of large-cap stocks in the banking, financial services, real estate, and retail sectors. On the contrary, the downward pressure appeared mainly in some individual stocks in the construction and materials, technology, and utilities sectors. The VN-Index today is likely to fluctuate around the 1,690-1,710-point area.
- The market returned to a positive state after receiving information about the decision to upgrade from Frontier to Secondary Emerging by FTSE Russell. The general sentiment gradually stabilized, helping cash flow continue to improve. Large-cap stocks maintained their leading position in the market and regulated the index. Foreign investors reduced net selling. The VN-Index is still in an uptrend towards the 1,720-1,740-point area. Investors can consider increasing the proportion of stocks held in their portfolio, prioritizing fundamental stocks with prospects for business results in the final period of the year or in the group that benefits from market upgrade.
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