HIGHLIGHTED NEWS
According to the State Bank of Vietnam, as of August 26, 12 commercial banks had registered to participate in a credit program supporting growth drivers and small and medium-sized enterprises (SMEs), with a total scale of approximately VND 408 trillion. Of this amount, four state-owned commercial banks registered VND 220 trillion, while eight joint-stock commercial banks registered about VND 188 trillion. Meanwhile, data from FiinGroup indicates that only 8.8% of SMEs—equivalent to roughly 80,000 enterprises—currently have access to loans, suggesting significant room for credit expansion in this sector.
According to the Ministry of Finance, cumulative public investment disbursement reached approximately VND 477.2 trillion by August 20, 2024, representing 46.7% of the target assigned by the Prime Minister. Excluding the 5% of local budget funds earmarked for the Lao Cai – Hanoi – Hai Phong railway project, the disbursement rate stands at 48.2%. During the week of August 13–20 alone, an additional VND 13.6 trillion was disbursed nationwide, a figure significantly lower than the VND 30.1 trillion recorded the previous week. Currently, approximately VND 30.1 trillion in central budget funds remains without detailed allocation.
TRADING STRATEGY
The stock market maintained its positive momentum as the VN-Index closed at 1,821.32 points, with liquidity exceeding the 20-session average. Market divergence persisted. After a morning session characterized by fluctuations around the reference level, a surge in buying pressure during the afternoon drove the index to break out, with capital flows concentrating primarily on large-cap stocks within the VN30 group. Conversely, selling pressure eased slightly, appearing only in select small- and mid-cap stocks. Foreign trading remained balanced. While profit-taking ahead of the holiday continued, market demand absorbed the selling well, suggesting the uptrend is likely to persist as the index targets the 1,850–1,860 resistance zone.
Today, the VN-Index may fluctuate within the 1,815–1,835 point range. Short-term investors might consider restructuring their portfolios to focus on—and prioritize holding—stocks with strong fundamentals and solid capital flow support. Meanwhile, medium- and long-term investors could continue holding stocks with promising business growth prospects for the second half of 2026.
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