Strategic Report
14
February
Strategic Insight: Attractive market valuation
After a correction period in late January 2026, market valuations became attractive, with approximately 63% of valued stocks trading at undervaluations. Therefore, we believe the market will quickly recover in...
15
January
Strategic Insight: A new growth phase?
The market's upward trend will be supported by strong improvements in fundamentals. Therefore, we believe the current uptrend will continue until February, after which the market will undergo a correction...
24
December
Outlook 2026: Pressure Makes Diamonds
We forecast Vietnam’s real GDP to grow by 9.0% in 2026, underpinned by an ambitious government agenda aimed at positioning the year as a critical breakthrough in the country’s development...
08
December
Strategic Insight: Bullish outlook through February
Vietnam's stock market demonstrates strong recovery potential supported by ambitious 10% GDP growth targets and robust infrastructure investment. Moreover, historical patterns show January-February delivers the year's highest returns with 70%...
11
November
Strategic Insight: Awaiting an upward trend
The economy recorded strong growth, supported by positive macroeconomic indicators in October. Therefore, we expect the stock market to enter a short-term recovery phase after forming a sub-cycle bottom in...
10
October
Strategic Insight: A new bullish phase
Vietnam’s economy grew 8.23% YoY in 3Q25, exceeding expectations thanks to strong exports, consumption, and public investment. Industrial and construction activities led the recovery, and growth momentum is expected to...
26
September
Strategic Insight: Final destination of the journey?
We believe that Vietnam’s stock market will be upgraded to Secondary Emerging Market status by FTSE Russell, with the official announcement expected on Oct 7, 2025. Moreover, Vietnamese stocks could...
10
September
Strategic Insight: Wait for a new entry point?
The strong uptrend since April 2025 has made market valuations less attractive. Therefore, we believe the market may face a correction over the next one to two months before entering...
09
August
Strategic Insight: Uptrend remains intact
Vietnam faces near-term export pressure from the U.S.’s 20% retaliatory tariff but retains a long-term advantage over India and China, potentially boosting market share and FDI. Domestically, strong liquidity sustains...
Featured Analysis
Jan 2026: The lowest issuances
PHR – Brief – [NONRATED] – NP slides on weak IP and no VSIP III payment
Banking – Note – [NEUTRAL] – On target
Derivatives: Declining liquidity
Market commentary: Sustained demand
Derivatives: Reversal signal?
Market commentary: Broad-based gains
