The stock market continues to be positive in the first trading week after the Lunar New Year holiday, when the cash flow spreads in most industry groups along with the significant improvement of trading in the transaction order.
The bank stock group plays the leading role and contributes to the recovery momentum of the general index, helping the green color to expand many stocks, especially small and medium -medium -captured groups.
In addition to banks, port groups, shipping and sectors benefiting from public investment such as construction, materials and infrastructure continue to attract cash flow, record significant increase, while information technology and Retail is still under adjustable pressure.
Contrary to the general trend of the market, foreign investors maintain a net selling move, with a total value of nearly 3,000 billion dong in the past week.
Business results of listed businesses in 2024 maintain growth momentum.
According to data from Fiintrade, up to 3.2.2025, 894 listed enterprises (representatives of 95.4% of the market capitalization) announced business results in the fourth quarter of/2024, total profit after tax increased by 20, 9% compared to the same period in 2023, recorded a stable growth rate of the fourth quarter consecutive.
However, the growth rate is uneven among industry groups. Some industries breakthrough and contribute positively to the overall growth, while some branches continue to be difficult.
Considering the two major groups of financial and non -financial, non -financial groups continue to lead, but the growth rate shows signs of slowing down, up 25.7% in the fourth quarter/2024 compared to the increase of 29 % in the first quarter.
Meanwhile, the financial group regained the rise, with a growth of 16.7% over the same period, higher than the previous quarter (+14.9%), thanks to banks and insurance achieved results pole.
Among the industries with positive profit growth, the real estate industry, with a sudden growth in profit after tax in the fourth quarter of 2024.
However, due to the characteristics of revenue in the real estate industry (revenue is only accounted when handing over the project), this high growth rate is more time. The division of profits in the real estate industry is also relatively large, when the number of businesses with poor business results is still the majority.
It can be seen that the selection of investment enterprises in the context of the current market is difficult, because the cash flow in the market is not really strong.
It is noteworthy that the role of banking stocks, in the new report published by the DSC Securities Company, the analysts of this company said that the policy under "Trump 2.0" will impact. Indirectly to the banking industry of Vietnam, including 3 main risks.
Firstly, Mr. Trump tends to prioritize tax policy to support the business group and the US economy to recover. This caused the US Federal Reserve to be cautious when deciding to lower interest rates; The indirect investment capital tends to withdraw and the USD (DXY) index increases sharply, putting pressure on the exchange rate in the water.
Secondly, Mr. Trump's trade tariff policy offers increasing risks of goods costs, which can make inflation difficult to control.
Third, it is the escalating tariffs following the trend of trade defense globally not only from the US to lead to decreasing export turnover. At that time, narrow production activities slowed down credit demand in export enterprises and supply raw materials. Not only that, foreign currency revenue from exports may decrease.
Experts of DSC Securities Company assessed that, with such a world context, Vietnam has little room to lower interest rates. Banking costs will tend to increase slightly, profit margin is difficult to improve. Investors when choosing bank shares should focus on the top group, have good basic index, should not invest in spreading.
