HIGHLIGHTED NEWS
According to the Institute of Real Estate Economics Research, the Vietnamese real estate market in 2026 is entering a new cycle, but it will not repeat the overheated boom of the past. Instead, growth is expected to be stable, selective, and geared towards real value. The major difference in this new cycle lies in its operation: the market is no longer for speculative trading and short-term risk-taking investors; capital is shifting strongly towards assets with high intrinsic value, suitable for real housing needs, prioritizing sustainable investment and stable returns.
From January 15th, newly registered small and medium-sized enterprises (SMEs) will be exempt from corporate income tax for the first three years from the date of initial registration. This policy does not apply to businesses established through division, separation, merger, consolidation, change of ownership, or change of business type. Innovative startups and startup support organizations are exempt from income tax for the first two years and receive a 50% reduction for the following four years. Businesses must separately account for the preferential income or allocate it proportionally to revenue and expenses.
TRADING STRATEGY
The stock market recovered to near the 1,880-point mark in the final trading session of the week, albeit with significantly reduced liquidity. Money continued to flow into large-cap stocks in the real estate, technology, retail, and insurance sectors. Conversely, selling pressure increased in the F&B, oil and gas, chemical, industrial services, construction, and materials sectors. The VN-Index is likely to fluctuate around the 1,865-1,890 point range today.
The market rebounded after two consecutive days of declines. The continuous flow of money between sectors helped maintain a relatively stable overall sentiment despite strong index fluctuations and selling pressure from foreign investors. The VN-Index is currently in a short-term cooling phase of its medium-term uptrend. This is also an opportune time for stocks that received less attention from market capital flows during the previous rally to regain momentum and open a pivotal phase in establishing a new upward trend, before receiving further support from internal factors or industry cycles. Investors managing portfolios individually should prioritize taking advantage of market fluctuations to increase their holdings in strategic stocks for the medium term. Short-term trading should be flexible and follow capital flow trends, avoiding chasing prices when they are rising sharply.
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