Vietnam Insight

Highlights:

• The Government Inspectorate has publicly released its inspection conclusions regarding the compliance with laws on private corporate bond issuance and the use of proceeds from such issuances.
• On the morning of October 20, during the opening session of the 10th National Assembly meeting (15th tenure), Prime Minister Phạm Minh Chinh presented a summary report on the implementation of the 2025 socio-economic development plan and the 2021–2025 five-year plan, as well as the proposed 2026 socio-economic development plan.→ Vietnam’s economic scale in 2025 is projected to reach USD 510 billion.

Technical View: The VN-Index closed the week at 1,683.18 points (-48.01 points; -2.77%), with slightly lower liquidity. During the week, the index faced strong selling pressure early on but rebounded technically in the following sessions. The market is currently trading within the 1,600–1,700 range.

Investment Idea: Short-term investors should temporarily refrain from making new purchases and wait for the market to establish a price base. 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.