Outlook 2025: Steep Path, Decent Horizon

Although the stock market’s upward momentum slowed in the final months of 2024, with the 1,300-point level acting as strong resistance for the VNIndex, we believe that in 2025, the market will continue its uptrend and soon surpass the 1,300-point threshold. This will be driven by (1) The recovery of the economy. (2) The January effect. (3) The prospect of a market upgrade. (4) The cycles of the stock market.