HIGHLIGHTED NEWS
In 2024, Vietnam recorded 233,419 businesses entering or re-entering the market, contributing an additional registered capital of VND 3,572.9 trillion to the economy, up 1.17% from 2023, according to the Business Registration Management Department (Ministry of Planning and Investment). On average, 19,452 businesses were newly established or resumed operations each month. The service sector led with 118,840 new businesses, accounting for 75.58% of the total, followed by the industrial and construction sectors with 36,778 businesses (23.39%). The average registered capital per business stood at VND 9.8 billion, reflecting stable investment levels for new entrants.
Meanwhile, the Department of Forecasting and Statistics (State Bank of Vietnam) reported that credit institutions expect system-wide credit growth of 3.4% in Q1/2025, double the 1.34% growth in Q1/2024, with an annual growth forecast of 14.2%. Capital mobilization is projected to grow by 3.5% in Q1 and 12.8% for the year. Bank liquidity continues to improve, with bad debt ratios declining compared to the end of 2023 and expected to fall further by year-end 2025. Additionally, 85% of credit institutions anticipate profit growth in 2025.
TRADING STRATEGY
The stock market declined for the second consecutive session, closing at 1,246 points with a slight increase in trading volume. Selling pressure rose in mid- and small-cap stocks, particularly in sectors like financial services, chemicals, basic resources, utilities, and services. In contrast, leading banking stocks and those benefiting from public investment positively supported the index. The VN-Index is expected to fluctuate within the 1,240–1,250 range today.
The market remains in a short-term corrective phase within a medium-term upward trend that began around the 1,200-point level. Capital flows are rotating moderately with sectoral differentiation. Large-cap stocks continue to attract funds and stabilize the index. Foreign investors have resumed net buying. The short-term support zone for the VN-Index remains at 1,235–1,240 points. Investors are advised to maintain strategic holdings, avoid over-diversification, and consider accumulating or increasing positions in a controlled manner during market fluctuations.
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