The stock market last week recorded an impressive increase right after the Tet holiday. Cash flow spread widely, but still led by Vingroup, oil and gas and banking groups. Despite great pressure from net selling by foreign investors, the index still maintained the support zone of 1,880 points for most of the time.
At the end of the week, VN-Index stopped at 1,880 points, equivalent to an increase of 56.24 points (+3.08%) compared to the previous week. It is noteworthy that liquidity has shown signs of significant improvement, when trading sessions of over 35,000 billion VND appeared, domestic capital mainly from domestic organizations is a counterweight to the selling pressure of foreign investors to lead the market.
However, as interest rates tend to bottom out and rise to meet the recovery credit demand for 2026, idle cash flow may begin to consider between stock and savings channels. This will be a major challenge in the medium term. In addition, regulations on system liquidity and capital adequacy ratios are forcing financial institutions to be more cautious, indirectly affecting margin supply in the market.
The net selling of foreign investors is a factor that needs to be monitored but is no longer a decisive barrier. The reality of the past week shows that domestic cash flow has absorbed this pressure very well. With expectations for market upgrades this year, domestic capital is having a very strong anticipation mentality.
In the short term, foreign investors may cause disturbances in the index in some large-cap stocks, but the general trend will still be determined by the internal strength of the economy and personal and domestic organizational cash flow.
Entering March, according to seasonal factors, is the most favorable month for the stock market. March this year, the market also has many positive impact factors such as: mid-term assessment from FTSE, new global tariffs from the US are having a positive impact on export stocks, logistics, industrial park real estate. In addition, March every year is usually the season of the General Meeting of Shareholders, the annual business plan and Q1/2026 business results can be preliminarily announced.
If looking at the week, next week the market leans towards accumulation interspersed with supply testing sessions, because the short-term upward room of the leading group has narrowed. After the testing sessions end, it is expected that the index may move towards testing the old peak area at 1,920 points. The market is likely to continue to differentiate more clearly.
The leading stock group is forecast to still be oil and gas and chemicals when benefiting from world commodity prices. Cash flow will continue to rotate to Vingroup (VIC, VHM) and FPT supports to regulate, helping the index not to fall deeply in fluctuations.
Regarding investment strategy, when VN-Index approaches the 1,900 point mark, strong fluctuations may appear, investors should manage their portfolios tightly and limit FOMO. Short-term profit-taking pressure will increase as the index approaches the historical peak. A pause to absorb the supply hanging high above is necessary to create a solid foundation before conquering higher milestones.
With the context approaching a strong resistance zone around 1,920 points, a reasonable strategy for short-term investors is to partially take profits or reduce the proportion in the group that has increased sharply, especially pillar stocks that are easily under profit-taking pressure when entering the resistance zone, trading according to fluctuations with clear buying-selling point discipline.
Investors should prioritize stocks with accumulation base and benefit from cash flow circulation (groups benefiting from upgrades, benefiting from FDI capital returns), should not be FOMO when breaking through without liquidity and breadth, and wait for a correction to disburse new if VN-Index fluctuates around the resistance.
