HIGHLIGHTED NEWS
On October 15, the Prime Minister issued Decision No. 1989/QĐ-TTg, adjusting the Public Debt Strategy through 2030. The strategy sets targets for the 2026–2030 period, stipulating that public debt must not exceed 60% of GDP, while both government debt and the nation’s external debt must remain at or below 50% of GDP. Furthermore, the government’s direct debt-servicing obligations are capped at 25% of total state budget revenue. The strategy prioritizes domestic borrowing, concentrates capital on key projects, discourages fragmented or scattered investment, and aims to elevate the national credit rating to an investment-grade status.
Additionally, the Prime Minister issued Official Dispatch No. 70/CĐ-TTg, calling for strengthened price management during the final months of the year. This follows a 4.52% year-on-year increase in the average Consumer Price Index (CPI) over the first nine months—a figure exceeding the annual average CPI target of approximately 4.5%. The Prime Minister has directed 14 localities, where the CPI has risen above the national average, to implement price control measures. Meanwhile, ministries, sectors, and local authorities are tasked with ensuring an adequate supply of essential goods and curbing simultaneous price hikes for items subject to state-set pricing. The State Bank of Vietnam has been instructed to manage interest rates and credit prudently, while monitoring exchange rates to mitigate imported inflation.
TRADING STRATEGY
The stock market underwent a correction, closing at 1,698.35 points with liquidity exceeding the 20-day average. Market divergence persisted. The VN-Index remained in a tug-of-war throughout the session, as buying interest was primarily concentrated in sectors such as banking, financial services, technology, telecommunications, and basic materials. Conversely, selling pressure emerged in the oil and gas, insurance, retail, food and beverage (F&B), industrial goods and services, and utilities (electricity, water, petroleum, and gas) sectors. Foreign investors remained net sellers, with volume comparable to the previous session. A cautious sentiment, combined with corrective pressure on key blue-chip stocks, pushed the VN-Index back toward the 1,700-point psychological level in search of equilibrium. Although capital rotated into sectors like financial services and banking, buying momentum was insufficient to shift the overall trend. It is likely that the market will continue to fluctuate, leaving the door open for a potential recovery in the coming sessions.
Today, the VN-Index may trade within the 1,690–1,720 point range. Short-term investors should closely monitor market developments and manage their portfolio weightings by focusing on specific positions, while avoiding overly broad exposure or "chasing" the market during recovery signals. Meanwhile, medium- and long-term investors may continue to hold stocks with favorable business growth prospects for the second half of 2026.
Investor can see the full Newsletter below:
