Vietnam Insight

Highlights:

• Real estate credit in 7M2025 reached 4.1 million billion VND, an increase of 17% compared to the end of 2024, accounting for 23.68% of the total outstanding debt of the economy.
• The Prime Minister signed Official Dispatch No. 169/CĐ – TTg dated September 21, 2025, on the key tasks and solutions to accelerate the disbursement of public investment capital in 2025.

Technical View: VN-Index closed the week at 1,660.7 points (an increase of 2.08 points, +0.1%), regaining its bullish trend channel with market focus centered on the real estate and public investment groups. Currently, the index continues to fluctuate within the 1600 – 1700 point range and is heading towards the upper bound of 1700 points with liquidity remaining low and no sign of a sell-off. Investors need to manage risk should the index lose the bullish trend channel with high liquidity.

Investment Idea: The sensitive phase regarding index levels and news could have a strong and rapid impact on the market. Limit buying during 'green' sessions to avoid a bull trap. For short-term traders, if the market corrects to around 1,600 points and bounces back up, you can consider a low-proportional disbursement. If the market returns to the 1,540 point region, there will be a clearer buying opportunity for a medium-term position. Investors can disburse more significantly, focusing on stock groups with strong momentum such as those benefiting from market upgrade, those with strong business growth results, or those with lower valuation levels compared to the general market