VN-Index has had 8 consecutive weeks of increasing points from the price range of 1,220 points to the price range of 1,350 points with outstanding liquidity.However, it is also during this period of flourishing that the stock market has begun to have highly adjusted trading sessions. Overall, the Vietnamese stock market has had an impressive growth period since the beginning of 2025, with the VN-Index breaking strongly from the 1,250-point range to approach the important resistance level of 1,340 - 1,350 points.
However, in the short term, the possibility of market accumulation is likely due to the impacts of external macro factors as well as profit-taking pressure from the previous strong increase.This is a normal accumulation beat in the uptrend.
Dr. Nguyen Duy Phuong - Director of Strategic Investment of DG Capital - said that the fact that the VN-Index has increased quite strongly since the beginning of the year makes profit-taking pressure more obvious. This is an area where supply is often increasing, leading to the possibility of adjustment to accumulate before continuing to increase. A short-term correction is necessary and normal for the market to absorb supply, stabilize price levels and create a more solid foundation for the next phase. In the short term, investors will often have a cautious mentality afraid of FOMO risks, so they will choose to take profits rather than buy new ones.
In the medium term, the stock market is assessed by experts to have many supporting factors in the macro such as loose monetary policy and low interest rates continue to be the main driving force, along with the story of market upgrading being highly expected, the positive point is that cash flow to the securities industry group can only be behind the banking group. Next, it can be mentioned that the stock market season will be a catalyst for reporting positive business results in the first quarter of 2025.
In the March outlook report, Mirae Asset said that global investment flows may become cautious as US tariff decisions begin to take effect along with counterpart tariffs due in early April are risks that the market needs to be cautious about.
Trading prospects in March are expected to be largely affected by the shift of cash flow to industry groups with better prospects for recovery and growth such as: steel, real estate, stocks and retail...
The VN-Index is expected to continue to grow and move towards the 1,330-point mark in the context of being affected by mixed news from the international market surrounding the trading battle. However, profit-taking pressure from the banking group will form short-term corrections to create a new balance of the VN-Index at the old peaks, especially in the context that the VN-Index is still trading at the resistance zone of 1,300 - 1,330 points formed from 2022. The new support zone of this index is expected to form around the 1,280 point zone.
Experts from KB Vietnam Securities Company also expressed a relatively positive view of the Vietnamese stock market in 2025. However, investors need to pay attention to risk factors, especially foreign investors' movements and uncertain factors from the world economy.
In any market conditions, choosing stocks for a portfolio with attractive growth and valuation stories should be a top priority. Evidence in recent times, although the index has continuously set new highs, many stocks have decreased sharply, causing disappointment for investors. In addition, special risk management in the use of leverage needs to be carefully considered, the market will have unexpected adjustments" - Dr. Nguyen Duy Phuong gave a recommendation.
