HIGHLIGHTED NEWS
After a slowdown in November, the corporate bond market has become vibrant again in the last month of 2025. Capital raising activities to meet strong credit demand ahead of the new year and to settle old bond debts ahead of schedule are continuously taking place at many commercial banks. This is considered an important stepping stone in the final period of the year because from January 1, 2026, the issuance of private bonds will become increasingly stricter with binding terms related to credit rating, collateral, or payment guarantees.
According to the Ministry of Finance, price management and control in 2026 will be proactively implemented from the beginning of the year, closely adhering to the target of an average CPI of approximately 4.5%. The focus will be on implementing the amended Price Law and perfecting the legal framework for price management according to market mechanisms. Price analysis and forecasting efforts have been strengthened to develop appropriate management scenarios, especially for goods and services whose prices are set by the State.
TRADING STRATEGY
The stock market continued its recovery, reaching 1,772 points with slightly lower liquidity compared to the previous trading session. Differentiation returned. Downward pressure emerged in the financial, chemical, basic resources, construction, and materials sectors. Meanwhile, capital tended to concentrate in leading stocks in the real estate, retail, industrial services, and oil and gas sectors. The VN-Index is likely to fluctuate around the 1,765-1,785 point range today.
The market has had a streak of three consecutive positive sessions and is currently approaching the 1,780-1,800 point range. General sentiment is beginning to show a certain degree of caution. Increased selling pressure from profit-taking and reducing portfolio weight has led to renewed differentiation, with the index recovery mainly driven by the pull of some key stocks in the VN30. Foreign investors maintained a net buying position. The VN-Index is currently approaching a psychological resistance area at its previous peak, and in the event of cautious capital flows and weak demand, the opposing movements between the market index and stock prices could occur with wide amplitude and high intensity. Therefore, investors should prioritize focused trading and portfolio management based on individual stocks rather than paying too much attention to the general index. On the other hand, accumulating stocks based on valuations for the medium to long term can continue in fundamentally sound stocks with attractive valuations and positive growth prospects in late 2025 and the first half of 2026.
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