HIGHLIGHTED NEWS
UOB Bank (Singapore) commented that Vietnam's economic growth results from the beginning of the year to date have exceeded expectations, despite risks from US tax policy. UOB maintained its growth forecast for the fourth quarter of 2025 at 7.2%, but adjusted its growth forecast for the whole year to 7.7% instead of the previous 7.5%.
By the end of October 2025, outstanding credit balance of the entire banking system had increased by nearly 15% compared to the beginning of the year and increased by approximately 21% compared to the same period in 2024. The State Bank forecast that credit growth in 2025 could reach 19-20%. Not only growing in scale, the average lending interest rate for new transactions of commercial banks has now decreased by 0.38 percentage points compared to the end of last year to 6.55%/year. Meanwhile, average deposit interest rates remained stable at 4.22% per year; bank interest rates for terms over one month increased slightly by 0.11-0.37% per year.
TRADING STRATEGY
The stock market closed in the red at 1,580 points with liquidity decreasing compared to the previous session. Selling pressure tended to increase at the end of the session and focused mainly on leading stocks in the banking, real estate, industrial services, technology sectors... Meanwhile, individual stocks in the financial services, basic resources, and retail sectors played an active role in supporting the general index. The VN-Index today is likely to fluctuate around the 1,565-1,585 point area.
The market is currently in a short-term downward correction phase. The general cautious sentiment has weakened cash flow and average liquidity remains low. However, the move to reduce net selling and return to net buying for some basic stocks with attractive discounts compared to valuation has gradually appeared in foreign transactions. If this activity continues, it is likely that the supply-demand balance in the market will gradually stabilize and the VN-Index will soon return to a short-term recovery trend in the area around the support zone of 1,560-1,580 points. Investors should pay attention to controlling the proportion and managing the portfolio in the short term according to the price fluctuations of individual stocks instead of the general index. Buying activities for a medium- and long-term vision can be considered to be implemented in part at support price zones, prioritizing basic stocks with good growth potential or in an attractive area compared to the valuation period of 2025-2026.
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