HIGHLIGHTED NEWS
At a press conference held on the afternoon of April 14th, Deputy Governor of the State Bank of Vietnam, Pham Thanh Ha, stated that by March 31st, 2026, the total outstanding credit balance of the entire system will reach over 19.18 million billion VND, an increase of 3.18% compared to the end of 2025. The capital flow will primarily be directed towards production and business activities and priority sectors such as agriculture, SMEs, industry, and trade. In addition, sectors with potential risks, especially real estate, will continue to be strictly controlled, while many large-scale credit programs will be implemented, such as the 500,000 billion VND package for infrastructure and digital technology, or the 185,000 billion VND package for forestry and fisheries. Simultaneously, the digital transformation of the banking sector will continue to be promoted, with over 153 million individual and 1.94 million organizational records having undergone biometric verification. In the field of gold management, the State Bank of Vietnam has received and is reviewing 11 applications for licenses to produce gold bars from businesses and commercial banks, thereby aiming to improve the market towards greater transparency and stability.
TRADING STRATEGY
The stock market rose to 1,775 points with liquidity similar to the previous trading session. There was a slight shift in capital flow from mid- and small-cap stocks to large-cap stocks. Sectors contributing positively to the overall index recovery included real estate, basic resources, finance, construction, and materials. The VN-Index is likely to fluctuate around 1,765-1,785 points today.
The market rose for the third consecutive session. The shifting capital flow has led to divergence, meaning liquidity has not improved significantly enough to match the index's upward momentum. Foreign investors traded relatively evenly. The VN-Index is currently approaching the psychological resistance level around 1,800 points, and caution may return, leading to increased divergence, especially with the April derivatives expiration approaching. Nevertheless, overall, any fluctuations (if any) at this resistance level are likely to create new investment opportunities rather than significantly impacting the index's recovery trend since the 1,580-point level. Investors should maintain their holding positions, combining this with buying opportunities in fundamentally sound stocks that have confirmed an uptrend and are part of a medium-term strategy, prioritizing small dips and cooling-offs during the upward movement. Short-term trading should be flexible and follow the flow of money.
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