Vietnam Insight

Highlights:

• October PMI rises to 54.5: Vietnam’s manufacturing sector starts Q4 strongly.The 
• Ministry of Finance has issued Circular No. 102/2025/TT-BTC, amending Circular No. 91/2020/TT-BTC on financial safety ratios and remedial measures for securities firms failing to meet these requirements. The new circular takes effect on December 15, 2025.
• Interbank interest rates have risen again to 6% per year.

Technical View: The VN-Index closed the week at 1,599.1 points (-40.55 points; -2.47%), with low trading volume. After breaking below the 50-day moving average on the daily chart, the index faced strong selling pressure around the 1,700-point level. The drop below 1,600 indicates weak market liquidity—selling pressure is not heavy, but buying interest remains reluctant, keeping the index from recovering. Meanwhile, foreign investors continued to be net sellers.

Investment Idea: Short-term investors should prioritize observing the market and consider focusing on stocks that have managed to hold their base prices despite the recent market pullback. If the market successfully retests the 1,600-point support level, investors may start accumulating positions for medium- to long-term holdings, focusing on stocks benefiting from potential market reclassification, companies with strong earnings growth, or those trading at valuations lower than the overall market average.