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Highlights: On October 26, 2025, in Kuala Lumpur, Vietnam and the United States announced a new trade framework titled “Fairness – Balance – Cooperation”, aimed at upgrading bilateral economic and trade relations. On October 29, 2025, Vietnam and the United Kingdom officially elevated their ties to a Comprehensive Strategic Partnership. On October 30, following a two-day policy meeting, the Federal Reserve (Fed) decided to cut the benchmark interest rate by 25 basis points, bringing it down to 3.75–4%.   Technical View: The VN-Index closed the week at 1,639.65 points (-43.53 points; -2.59%), with liquidity continuing to decline. The index faced downward pressure due to intense profit-taking in VIC-related stocks. At present, capital flows have yet to identify a clear leading sector, while foreign investors continue their strong net-selling trend.     Investment Idea: Short-term investors may trade within the 1,600–1,700 range. If the market successfully retests the 1,600-point level, investors may consider allocating funds for medium- to long-term positions, focusing on stocks with strong growth drivers such as those benefiting from an upgrade, robust earnings growth, or valuations that remain lower than the overall market.  

Showing a correction after the interest rate news has been fully priced in. Futures tied to the S&P 500 and Nasdaq 100 indexes advanced on Friday after upbeat quarterly results from major tech firms. In extended trading, Amazon surged 13% on stronger-than-expected Q3 earnings, powered by a 20% revenue increase in its cloud unit, AWS. Apple gained 2.5% after reporting solid fiscal Q4 results and offering optimistic guidance for the holiday quarter. Netflix also climbed over 3% after unveiling a 10-for-1 stock split. Meanwhile, Wall Street came under pressure on Thursday, with the Dow losing 0.23%, while the S&P 500 and Nasdaq Composite tumbled 0.99% and 1.57%, respectively. The market was dragged lower by sharp selloff in tech stocks amid growing concerns over ballooning AI infrastructure spending. The meeting between Presidents Trump and Xi also failed to lift market sentiment as it provided little positive surprises.   Technical rebound – consolidation phase. VN-Index closed at 1,669.57 (-16.26 points, -0.96%) with Trading Volume Below 20-Session AverageThe market recorded 148 gainers and 175 decliners. The stocks exerting the greatest downward pressure were VIC, LPB, and VPB, while FPT, KDH, and HVN provided key support. Foreign investors remained net sellers, with a net outflow of VND 1,152 billion.   Trading Strategy: Investors may consider short-term trades within the 1,600–1,700 range. If the market successfully retests the 1,600 level, investors can also deploy capital for medium- to long-term positions, focusing on stocks with strong momentum — such as those benefiting from an upgrade in market classification, robust earnings growth, or valuations that remain lower than the overall market average.  

▶ VN-Index continued its trading week with another session struggling below the 1,700 threshold. Although it opened in the green, the index was unable to maintain that upward momentum for the entire trading period. Strong selling pressure in the afternoon caused many stocks to turn down and the market closed down 16 points. VIC led the decline with a contribution of nearly 7 points. Liquidity continued to find a new bottom and there was no sign of cash flow return. ▶At the end of the trading session, the VN-Index recorded a decrease of 16.26 points (-0.96%), closing at 1,669.57 points; the HNX-Index decreased by 1.08 points (-0.4%), reaching 266.96 points. The liquidity of the whole market remained flat at a low level, reaching 26 trillion VND, equivalent to just over 919 million shares traded. Foreign investors continued to net sell with a net value of 1,177 billion VND, in which the largest net selling value was concentrated in VIX, GEX and MBB. ▶ Technical perspective: VN-Index quickly faced strong selling pressure when approaching the major resistance level of 1,700 points. Trading liquidity continued to decline, showing the cautious sentiment of investors when reaching the important resistance level. Selling pressure occurred throughout the trading session. In the short term, the market continued to trade in the range of 1,600 - 1,700 with the possibility of unexpected fluctuations during the session before confirming the new trend for the next period. In the base case: The market continues to trade in the range of 1,600 - 1,700 points. Liquidity increases in the same direction as the index, the large range and the spreading green color will strengthen the opportunity for the market to return to the uptrend. In the negative case: If it continues to break the 1,600 point mark, the market is likely to retest the 1,500 - 1,550 point range (this is also the old peak of the market in 2022). Strategy: Short-term investors should temporarily not buy new and wait for the market to form a price base. In case the market successfully returns to test 1,600 points, investors can disburse for medium- and long-term positions, focusing on groups of stocks with many driving forces such as benefiting from upgrading, strong business growth results; or lower valuation levels compared to the general market.  

Expectations of a Fed rate cut. US stock futures held steady on Thursday as investors reacted to mixed results from Big Tech firms, while digesting the latest Federal Reserve interest rate decision and awaiting the highly anticipated Trump-Xi meeting. In extended trading, Alphabet surged nearly 7% on stronger-than-expected results. On the trade front, Presidents Trump and Xi are expected to formalize a trade truce in South Korea after months of tension. The Federal Reserve lowered the federal funds rate by 25 bps to a target range of 3.75%–4.00% at its October 2025 meeting, in line with market expectations. The move followed a similar cut in September, bringing borrowing costs to their lowest level since 2022. Policymakers cited increasing downside risks to employment in recent months while inflation has moved up since earlier in the year and remains somewhat elevated.   Technical rebound – consolidation phase. VNINDEX closed at 1,685.83 (+5.33 points, +0.32%) with liquidity lower than the 20-session average. The market had 246 advancing codes and 88 declining codes. The stock groups contributing most significantly to the markets increase were VCB, BID, HDB; those contributing to the markets decrease were VIC, VHM, and VRE. Foreign investors net sold 1,491 billion VND.   Trading Strategy: Investors may consider short-term trades within the 1,600–1,700 range. If the market successfully retests the 1,600 level, investors can also deploy capital for medium- to long-term positions, focusing on stocks with strong momentum — such as those benefiting from an upgrade in market classification, robust earnings growth, or valuations that remain lower than the overall market average.  

▶ The index opened with a gap up 5.40 points, continuing the upward momentum of the previous volatile session. However, selling pressure still showed its dominance when it continuously weighed on the index, pushing it below the reference level. Under strong buying efforts from domestic investors, despite strong selling pressure from foreign investors. The index closed above the reference level under selling pressure from Vingroup stocks.  ▶ At the end of the session, the VN-Index increased by 5.33 points (+0.32%), reaching 1,685.83 points; the HNX-Index increased by 1.26 points (+0.47%), reaching 268.04 points. Market liquidity continued to decline compared to the average of 20 sessions, reaching VND 28.3 trillion, equivalent to 1,040 million shares traded. Foreign investors continued to return to strong net selling, reaching VND 1,489 billion, in which the largest net selling value belonged to ACB, MBB and VIX. On the contrary, HDB, FPT and GEX were the typical net buying stocks. ▶ Technical perspective: VN-Index traded in a narrow range, showing fluctuations when approaching the nearest resistance level of 1,700 points. Low trading liquidity shows that the market is still cautious as the VN-Index has not confirmed the bottom. The short-term market is still in the 1,600 - 1,700 trading range, with strong fluctuations, and it is entirely possible that there will be correction sessions before the market returns to the uptrend in the medium term. In the positive case: The market continues to trade in the 1,600 - 1,700 point range. Increased liquidity in the same direction as the index, large amplitude and widespread green color will strengthen the opportunity for the market to return to the uptrend. In the negative case: If the 1,600 point mark continues to be broken, the market is likely to retest the 1,500 - 1,550 point range (this is also the old peak of the market in 2022). Strategy: Short-term investors should temporarily not buy new stocks and wait for the market to form a price base. In case the market successfully returns to test 1,600 points, investors can disburse for medium- and long-term positions, focusing on groups of stocks with many driving forces such as benefiting from upgrades, strong business growth results; or lower valuation levels compared to the general market.