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 continue in 4Q25. Therefore, we expect the current upward trend to continue over the next one to two months, with the VNIndex potentially reaching the 1,850-1,900 point range.