HIGHLIGHTED NEWS
According to the State Bank of Vietnam (SBV), as of December 24, 2025, total outstanding credit in the banking system reached approximately VND 18.4 million billion, an increase of 17.87% compared to the end of 2024 and a 19.41% increase compared to the same period last year, equivalent to nearly VND 2.79 million billion added to the economy. Credit growth for the whole year 2025 is expected to reach nearly 19%, while total system capital mobilization is projected to increase by more than 14.11%. In terms of allocation, wholesale and retail trade accounted for 22.24% of total outstanding credit; manufacturing and processing industry 12.39%; construction 7.47%; and agriculture, forestry, and fisheries 6.15%. Priority sectors include agriculture and rural areas (22.42%) and small and medium-sized enterprises (19.11%), while supporting industries and high-tech enterprises recorded credit growth rates of 27.46% and 30.36%, respectively. In preparation for 2026, the National Financial and Monetary Policy Advisory Council recommends that the Government not expand monetary policy, but instead operate more cautiously and coordinate monetary and fiscal policies appropriately. The State Bank of Vietnam also aims to manage monetary policy proactively and flexibly, coordinating closely with fiscal policy; and managing interest rates and exchange rates appropriately to maintain macroeconomic stability and control inflation.
TRADING STRATEGY
The stock market recovered to the 1,754 point mark, with trading volume falling to the lowest average of the past month. Selling pressure eased and was mainly concentrated in individual stocks in the financial services and basic resources sectors. Meanwhile, supporting capital flows tended to gravitate towards leading stocks in the real estate, oil and gas, utilities, technology, and industrial services sectors. The VN-Index is likely to fluctuate around the 1,745-1,760 point range today.
Contrary to concerns that the index would continue to face downward pressure at the beginning of the next trading week, the market experienced a positive recovery session as selling pressure significantly weakened in blue-chip stocks. The general sentiment returned to a cautious state, causing capital to shift from large-cap, highly publicized stocks to fundamental stocks with attractive market prices relative to their intrinsic value and relatively low liquidity. Overall, the VN-Index is currently experiencing significant volatility with a wide range, and it will likely need more time to stabilize the supply-demand balance. Differentiation among stocks is therefore likely to intensify in the short term. Investors should continue to manage their portfolios on individual stocks rather than being swept along by the general index. Simultaneously, they should focus more on accumulating and holding fundamentally sound stocks with attractive valuations for the medium term or the first half of 2026.
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