HIGHLIGHTED NEWS
UOB Bank raised its forecast for Vietnam's GDP growth in 2026 from 7.0% to 8.5% after GDP growth in the first six months of the year reached 8.18%, exceeding expectations. UOB assessed that the growth momentum will continue to be supported by manufacturing, investment, and FDI, while pressure from energy prices is expected to gradually ease. However, the bank still noted risks from US trade policy, energy prices, and global trade volatility. UOB also believes that the State Bank of Vietnam is likely to keep its policy interest rate unchanged until the end of 2026.
The Ministry of Construction has just approved the adjustment of the Master Plan for Maritime Infrastructure Development for the period 2021–2030, with a vision to 2050. The plan aims for a port system with a throughput capacity of 1,396–1,656 billion tons of cargo by 2030, including 48.6–57.4 million TEU containers, requiring approximately 581,000 billion VND in investment capital, mainly mobilized from non-budgetary sources. Simultaneously, the plan adds berths serving industry and energy, orienting the development of three concentrated shipbuilding industrial zones and prioritizing investment in international transshipment terminals in Can Gio, Lien Chieu, and Nam Do Son.
TRADING STRATEGY
The stock market closed in the red at 1,840.7 points with lower-than-average trading volume. Selling pressure persisted for most of the trading session. The market was clearly polarized, with declines mainly concentrated in leading stocks in the Banking, Real Estate, and Financial Services sectors. Conversely, supportive capital flows tended towards Oil & Gas and Utilities stocks. Foreign investors continued their net selling position. Overall, the VN-Index remains in a short-term consolidation zone. The factors of capital flow rotation and expectations of positive Q2 earnings results will continue to support the overall market trend and the price levels for fundamental stocks in particular.
The VN-Index is likely to continue fluctuating within the 1,830–1,850 point range today. Investors may consider restructuring their portfolios, taking partial profits on positions that have reached short-term expectations, and taking advantage of corrections to increase their holdings in stocks with positive business prospects, attractive valuations, and those attracting medium-term capital flows.
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