Strategic Report
13
May
Strategic Insight: The start of a new uptrend
Despite the VN-Index approaching its all-time high, the Vietnamese stock market remains undervalued relative to corporate earnings growth and macroeconomic expansion. We therefore believe the market will sustain the upward...
07
April
Strategic Insight: Focus on the long-term bullish outlook
The stock market faces significant short-term pressure as rising oil prices create inflationary pressure and slow economic growth. However, market valuations have become attractive, with over 75% of tracked stocks...
07
March
Strategic Insight: Wait for signals from global markets
We believe the upward trend will quickly resume, driven by expectations that the conflict in the Middle East will come to a swift conclusion. Additionally, the sharp correction seen during...
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...
Featured Analysis
Derivatives: A Sell Signal?
Market commentary: Selling pressure around elevated price levels
GMD – Brief – [NONRATED] – Gemalink drove 1Q26 results
Market traders: Proprietary trading recorded strong net selling
Covered warrant: Liquidity improved
Derivatives: Continued accumulation
Market commentary: Market recovery
