Vietnam Insight

Highlights:

• On August 26, the Government announced Decree 232/2025/ND-CP, officially ending the monopoly on gold bar production as well as the export and import of raw gold.
• A representative from FTSE Russell attended Vietnam Blockchain 2025. The global index provider and market classification agency noted that the results of the market classification review will be announced on October 7–10.

Technical View: The VN-Index closed the week at 1,682.2 points (+36.74 pts, +2.23%). The overall uptrend remains intact, targeting the 1,700-point milestone, though wide-range corrective sessions are likely. The nearest support is around 1,600 points, with stronger support at 1,500 points. Investors should manage risk if the VN-Index breaks below the MA20 (~1,600) and MA50 (~1,500).

Investment Idea: The priority strategy is to hold positions and be ready to take profit at target levels. For short-term traders, if the market corrects toward the 1,600 zone and rebounds, a light allocation can be considered. If the market pulls back toward 1,500, it will present a clearer buying opportunity for medium-term positions. Investors may allocate more aggressively, focusing on stocks with strong catalysts such as index reclassification, robust earnings growth, or valuations lower than the overall market.