In the trading session this morning, August 12, continuing the excitement, the VN-Index continued to increase as soon as it opened and approached the level of 1,610 points. Strong cash flow is still the main driving force leading the market, but only from a psychological perspective, while the score has not received a corresponding contribution due to the restructuring pressure of the majority of investors, sometimes the VN-Index has had a fairly rapid decline.
However, thanks to strong bottom-fishing demand at the end of the trading session, the VN-Index officially conquered the 1,600 point mark. At the end of the trading session on August 12, the VN-Index increased by 11.36 points to 1,608 points, while the VN30 also increased by 13.35 points to a new peak of 1,755 points. Liquidity on the HOSE floor reached 45,400 billion.
Dr. Nguyen Duy Phuong, Investment and Strategy Director of DG Capital, commented that based on the current trend compared to the end of 2024 and previous waves, the stock market may be entering a very large wave (mega uptrend). Last week, the average liquidity of the market reached a new record of VND56,000 billion/session. In addition, the market also recorded a record session of more than VND80,300 billion (more than 3 billion USD).
It is clear that positive sentiment is still spreading, many industry groups are increasing again. For example, cash flow has slowed down in banking stocks but has shown signs of spreading rapidly to real estate and construction, public investment. These signals show that the uptrend continues to be strong in the indices, as well as spreading widely throughout the market.
In the short term, according to this expert, the market is still very positive, supported by extremely strong cash flow. Dr. Phuong expects that during this period, the market will continue to move up stably. However, there were also signals to watch in August.
In its August market strategy report, ASEAN Securities Company (ASEANSC Research) assessed that the market will still receive support from the loose macroeconomic management policy, notably with efforts to promote public investment disbursement and a low-interest-rate environment, in addition to expectations of upgrading the Vietnamese stock market. However, the VN-Index will also face variables, including the USD/VND exchange rate in addition to potential profit-taking supply after the market increased impressively since the beginning of April 2025.
ASEANSC Research believes that the VN-Index is currently moving in the uptrend. Based on the impact factors and technical status of the index, ASEANSC Research forecasts that the VN-Index will mainly move in the price channel from 1,500 to 1,625 points in August 2025. The near support zone of the current index is 1,550 +/-, while the VN-Index currently no longer has strong resistance due to the new peak formation state.
For short-term trading schools, investors with a high cash ratio should only consider disbursing a portion at market and stock fluctuations, limiting buying and chasing the same trajectories in the session. Priority is given to observing leading and supportive sectors, such as Banking, Securities, Real Estate, Public Investment, etc. Meanwhile, investors with a high proportion of stocks should only hold stocks with strong cash flow and maintain a short-term uptrend.
