HIGHLIGHTED NEWS
At the "Restructuring Capital Channels" seminar, the State Securities Commission stated that the investment capital demand for the period 2026–2030 is estimated at approximately VND 38.5 million billion, while the state budget can only meet about 20%. In the context of shrinking credit space, with the credit-to-GDP ratio already at around 146%, bank credit can only meet about 25–30% of capital needs, and FDI and other international capital flows contribute about 15–20%. The shortfall, equivalent to approximately USD 120–150 billion annually, needs to be mobilized through the stock and corporate bond markets. The Ministry of Finance anticipates mobilizing approximately VND 5.4 million billion through the stock market during the period 2026–2030, about double the amount mobilized during the 2020–2025 period. Furthermore, the upgrade of the Vietnamese market by FTSE Russell is expected to attract additional international capital.
The European Chamber of Commerce in Vietnam (EuroCham) reported that the Business Confidence Index (BCI) rose from 72.7 points in the first quarter to 79.7 points in the second quarter of 2026, nearly reaching its highest level in seven years. 63% of businesses assessed business conditions positively, and 69% expected business conditions to continue improving in the coming quarter.
TRADING STRATEGY
The stock market corrected downwards, closing at 1,782.12 points with trading volume similar to the previous session. Differentiation reappeared. Selling pressure started early in the VN30 large-cap group and then spread to many other sectors. Conversely, Construction and Materials, Insurance, and a few individual stocks in the Financial Services group played a positive role in attracting capital, supporting the overall index. Foreign investors increased net selling. General sentiment returned to caution. The VN-Index is currently maintaining a sideways movement around the 1,780-1,800 point range and is unlikely to form a new positive upward trend anytime soon. However, short-term rebounds are entirely possible in subsequent trading sessions, with resistance around the 1,820-1,840 point range. Nevertheless, investors should pay more attention to stocks that are consolidating after the previous large downward correction, and are less affected by the multi-directional fluctuations of the overall market.
The VN-Index is likely to fluctuate in the 1,765-1,800 point range today. Investors should closely monitor price movements and manage risk individually for each stock in their short-term portfolio. On the other hand, for medium- and long-term portfolios, prioritize holding or partially investing in fundamentally sound stocks with attractive valuations and positive prospects for business growth in the second half of 2026.
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