In the last trading week from September 8-12, the market had 2 good recovery sessions at the price range near the 1,600-point threshold, with low demand increasing and rotating quite well. At the end of the week, the VN-Index increased slightly by +0.02% to 1,667.26 points, holding psychological support of 1,600 points.
While VN30 ended the week well up +1.08% to 1,865.45 points, heading towards the old peak price around 1,880 points.
Regarding the trading value of foreign investors, this group of investors continues to face strong net selling pressure of thousands of billions of VND. Accumulated in all 3 sessions, foreign investors net sold more than VND 5,337 billion.
The groups of stocks with the strongest fluctuations include the group of securities and banking companies, when facing increased supply pressure after the previous period of leading with a series of names such as VPB, TPB, BSI, MBS, DSE recording a decrease of over and under 10%.
In the coming time, investors expect the VN-Index to soon conquer the resistance level in the 1,690-1,700 point area, this will be a big challenge when the index enters the historical peak. Investors are waiting for the boost from banking stocks. This group of stocks has been in a downward trend for the past 2 weeks, so if this group can attract cash flow, investors can expect new peaks for the VN-Index.
According to SSI Research, the Vietnamese stock market is bringing an income rate of 7.7%, surpassing main investment channels such as bank deposits (popular interest rates of 5 - 6%), real estate (leasing rates of 3 - 4%) and gold (after recent price increases).
Therefore, a strong correction in the coming time, if it does, can open up opportunities for stock accumulation for a long-term investment vision. This outlook is reinforced by expectations of double-digit GDP growth in the next 5 - 10 years, driven by comprehensive institutional reform and the orientation of promoting the development of the private economic sector.
In addition, there is a solid prospect of profit growth of over 14%/year in the period of 2025 - 2026, the prospect of upgrading the market helps attract more international capital flows and monetary policy to support, maintaining a favorable interest rate environment for the stock market.
In particular, the State Securities Commission has just announced Decree 245/2025/ND-CP issued by the Government, amending and supplementing Decree 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law.
This is considered an important reform step, aiming to remove barriers and create more favorable conditions for foreign investors to access the Vietnamese stock market.
The Decree adds regulations to help foreign investors easily prove their professional investor status through legal documents of the host country. At the same time, the time to put stocks on the market from the time of IPO into official trading has also been shortened from 90 days to 30 days, helping businesses quickly list and ensure the rights of investors.
Another highlight is the repeal of the regulation allowing the general meeting of shareholders to reduce the foreign ownership ratio to the maximum below the legal level. The new regulation opens the door for foreign capital, and requires public companies to complete procedures for notifying foreign ownership ratios within 12 months from the effective date of the decree.
Not only that, the procedure for issuing securities trading codes to foreign investors has also been simplified. Investors can transact immediately after being granted an electronic code without having to submit paper documents, in accordance with international practice. At the same time, the State Bank has issued circulars to facilitate the opening of indirect investment capital accounts, reduce costs and time to enter the market.
