HIGHLIGHTED NEWS
According to a report by the Ministry of Construction, in 2025, real estate business credit will grow steadily quarter by quarter and spread across most segments such as housing, office rentals, industrial parks, etc. Outstanding loans, from over VND 1.56 trillion in Q1/2025, have gradually increased to approximately VND 2 trillion in Q4/2025, corresponding to an increase of nearly 28%. Total outstanding credit in investment and business activities in urban areas and housing continues to account for a large proportion, over 60%. In the bond market, the proportion of real estate bonds in the total issuance value increased from 7.4% in October to 38.6% in November, before adjusting to about 28% in December 2025. This development shows that businesses' access to capital is showing more positive signs towards the end of the year, although interest rate pressure remains high. Thus, by the end of 2025, the proportion of outstanding credit in the real estate sector will account for approximately 24% of the total outstanding credit in the entire economy, a relatively high level compared to the general average.
TRADING STRATEGY
The stock market continued its recovery, closing at 1,896 points with liquidity falling below the average of the previous week. Money flow showed signs of improvement, led by large-cap stocks in the real estate and oil and gas sectors, along with some individual financial stocks. Conversely, selling pressure tended to increase in industrial services, retail, and F&B stocks. The VN-Index is likely to fluctuate around 1,890-1,910 points today.
The market had its second consecutive day of gains after testing the support zone around 1,850 points. Overall sentiment remains stable. The decrease in liquidity was mainly due to the shift of capital from high-volume public stocks to niche sectors. Foreign investors resumed net buying. The VN-Index is currently in the process of re-establishing a new upward trend after the recent cooling-off, and if this scenario unfolds, a coordinated upward movement is very likely. Investors manage their portfolios individually, prioritizing timing dips to increase their holdings in strategic stocks for the medium term. Short-term trading is flexible, following cash flow trends, and avoids chasing prices when they are rising sharply.
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