As of the end of the trading session on December 12, the Vietnamese stock market has gone through 237 trading sessions in 2024.
In the last days of the year, the general sentiment of investors is becoming quite gloomy with many sessions moving sideways around the 1,270 point mark.
Securities companies believe that the VN-Index will continue to fluctuate in the coming time. The market needs clearer confirmation sessions about the next trend with strong volume increase to be able to break the current resistance zone to move towards 1,300 points.
Sharing at the workshop organized by Dau Tu Newspaper with the theme "Investment 2025 - Decoding variables, identifying opportunities", Mr. Nguyen Viet Duc - Director of Digital Business, VPBank Securities Joint Stock Company (VPBankS) - commented that the Vietnamese stock market has a positive trend in 2025.
Mr. Nguyen Viet Duc emphasized that the Vietnamese stock market is converging many factors for positive prospects in 2025.
In the long term, you can choose stocks of businesses with ROE above 15%, in the short term, it is a policy factor.
Regarding policy, there are two issues: international and domestic developments.
Internationally, there will be changes in policy under President Donald Trump that need to be monitored, and Vietnam is worried about the possibility of being subject to a 10% tax.
To deal with this problem, Vietnam needs to rebalance its import-export balance by increasing the import of high-value items such as aircraft, gasoline, energy, etc.
Regarding domestic policies, policies to boost public investment, streamline the personnel apparatus... being implemented will impact the stock price increase.
Regarding the issue of anticipating risks for individual investors, Mr. Le Duc Khanh - Director of Analysis at VPS Securities Company - said that in investing, investors always anticipate risks to control their actions well.
There was a time in November 2024, with many concerns about the story of fluctuating exchange rates and many factors affecting the market, but Vietnam was very flexible in policy management, soft and supple...
The State Bank has open market operations (OMO) and treasury bills, withdrawing and pumping money into the system; there was a period of withdrawing 40,000-50,000 billion VND, which is proactively withdrawing money to respond to monetary control when it is expected that in 2025, the stock market will have good prospects with catalysts such as GDP growth, export growth...
However, in an uptrend, the market will not increase continuously but will increase gradually and have adjustments. Therefore, investors should trade flexibly, invest in accumulation with a longer-term view, and in the short term, there will be some stocks that fluctuate quickly, instead of thinking that reaching the valuation target or being able to adjust the proportion is necessary, Mr. Khanh gave his opinion.
