Stock Market Perspective Week 21 - 25/7: VN-Index continues to aim for the price range of 1,500 points - 1,537 points

The market is still growing and in the period of updating business results for the second quarter of 2025. With outstanding highlights, good price increases in codes that are starting to have positive information.

At the end of the last trading week, Bitcoin still led the strongest growth compared to other asset channels. Meanwhile, the growth rating of gold also cooled down, but was still above 80 points, showing that the demand for holding this asset channel is still high. At the same time, the Asian stock market also grew significantly compared to other stock markets last week, with Hong Kong, South Korea and Vietnam being typical examples, in which Vietnam's growth rating increased above 88 points, showing that the Vietnamese stock market is in a period of strong growth, so the upward trend will also be more sustainable in the medium term.

Growth ranking of markets. Source: YSVN

Last week, the market continued to have a vibrant trading week, with increasing liquidity. After hitting the psychological barrier of 1,500 points, the market showed signs of profit-taking, struggling around this threshold, and demand began to be more cautious. Therefore, the frequency of fluctuating trading sessions will increase when the index approaches the resistance zone of 1,500-1,530 points in the coming time.

At the end of the week, VN-Index increased by 2.71% to 1,497.28 points, heading towards the highest price in history in January 2022. Meanwhile, VN30 increased by 3.13% to 1,643.91 points, continuing to increase well when surpassing the highest price in history in November 2021.

Market breadth is positive, especially in the real estate group when leading stocks surpass historical peaks, the securities group with high liquidity and positive information in the second quarter of 2025, the retail and construction groups.... While under pressure to adjust, accumulation in other groups of codes such as steel, ports, insurance... Market liquidity increased, maintained at a very high level. Trading volume on HoSE increased by 8.6% compared to last week, averaging more than 1.3 billion shares/session. In which, Vietnam's market liquidity has risen to the top in the ASEAN region. Foreign investors continued to net buy with a value of VND 1,219.8 billion on HoSE this week.

According to experts from SHS Securities Company, the short-term trend of VN-Index is to grow above the nearest support of 1,480 points after surpassing. VN-Index continues to aim for the price range of 1,500 points - 1,537 points, corresponding to the highest historical peak price in January 2022. VN30 maintains an outstanding upward trend after surpassing the highest historical peak price in January 2021. The market is still growing and in the period of updating business results in the second quarter of 2025. With outstanding highlights, good price increases in codes starting to have positive information.

SHS experts believe that the reasonable action at this time is to "Trend Following", holding according to the growth trend. At the same time, evaluate investment opportunities in industry groups considered the main growth drivers, with the GDP growth target in the last 6 months of the year above 8%. At the current price range, the total market capitalization is about 330 billion USD, equivalent to 70% of GDP in 2024. Investors hold according to the trend, monitor high selling pressure. Carefully evaluate short-term transactions when VN-Index is heading towards the historical peak price range in January 2022.

Take advantage of technical corrections to accumulate stocks with good fundamentals, positive Q2/2025 business results, and interest from market cash flow.

Last week, the Ministry of Finance and FTSE Russell discussed the issue of upgrading the Vietnamese stock market in preparation for the review in September 2025. In particular, according to Yuanta Vietnam's observation, the proposed cooperation has an expansion direction and the expectation in this review is to expand the index sets suitable for the Vietnamese market. This means that FTSE Russell is preparing for the review to upgrade the market.

FTSE Russell has also been collaborating with the Taiwan Stock Exchange to develop indices tailored to the Taiwanese stock market since 2002, and FTSE Russell has also begun considering upgrading the Taiwanese stock market since 2004. The launch of the cooperative indices between FTSE Russell and the Taiwan Stock Exchange has facilitated the upgrading of the stock market, along with the ease of raising capital from foreign investors through FTSE ETFs and index-tracking funds.

The total size of ETFs in Taiwan by the end of 2024 is 196 billion USD (accounting for 66% of the total AUM of funds in Taiwan). Of which, FTSE ETFs have a total asset value of 8.2 billion USD (accounting for 4.2% of the size of ETFs in Taiwan). Of which, some FTSE ETFs are the most liquid ETFs in Taiwan, often in the top trading positions on the Taiwan stock market .

Thus, expanding the FTSE index set for Vietnam provides an important stepping stone to upgrade the market to higher levels, promote the development of domestic and international ETFs; standardize information and make the market structure transparent; and shorten the gap between Vietnam and successful markets.

Source: https://baodautu.vn/goc-nhin-ttck-tuan-21---257-vn-index-tiep-tuc-huong-den-vung-gia-1500-diem---1537-diem-d336222.html