HIGHLIGHTED NEWS
According to a press release on credit growth management in 2026, the State Bank of Vietnam (SBV) projects a system-wide credit growth rate of approximately 15%, while affirming that it will flexibly adjust the rate upwards or downwards depending on the actual developments of the economy. The management orientation is to focus credit flows on production and business sectors, priority sectors, and growth drivers of the economy, thereby contributing to stabilizing monetary market liquidity and ensuring the safety of the banking system. The SBV also requires that, in the first three months of 2026, credit institutions must ensure that their credit growth rate does not exceed 25% of the annual target and maintain capital balance. In 2026, the credit growth rate for the real estate sector compared to the end of 2025 must not exceed the overall credit growth rate compared to the end of 2025 for that credit institution. If credit institutions fail to comply with the above directives, the State Bank of Vietnam will consider reducing their credit growth targets for the year.
TRADING STRATEGY
The stock market recovered to the 1,867 point mark in the final trading session of the week with improved liquidity. Divergence continued. Selling pressure tended to increase in real estate, retail, construction, and materials stocks, along with some financial services stocks. Conversely, positive capital flows remained in banking, oil and gas, and utilities stocks. The VN-Index is likely to fluctuate around the 1,855-1,875 point range today.
The market closed the first trading week of the new fiscal year with a positive surge in both points and liquidity. The index rose close to the 1,900 point mark as capital flows spread across many sectors instead of concentrating on a few highly specialized blue-chip stocks, helping to stabilize overall sentiment after a long period of caution. Foreign investors increased net buying. Overall, the medium-term upward trend of the VN-Index is quite evident thanks to the stability in domestic macroeconomic development. Investment opportunities are increasingly emerging as market differentiation develops. Therefore, investors should prioritize concentrated trading, taking advantage of short-term price fluctuations and cooling-offs to increase their medium- and long-term holdings. Short-term trading should be flexible, following the trend of money flow, and avoid chasing prices when they are rising sharply.
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