Stock Market Perspective for the Last Week of July 2025: Prioritize Leading Stocks

Investors should focus on the leading securities group, because this is the industry group that receives direct benefits from improved liquidity. Some notable stocks are SSI, VND, HCM, VCI, BSI.

The Vietnamese stock market continued to be vibrant and positive in the last trading session of the week. At the end of the session, VN-Index closed at 1,531.13 points, up 10.11 points (+0.66%) compared to the previous session. With today's increase, VN-Index is now only about 5 points away from its historical peak (1,536 points).

The uptrend is still maintained, with short-term support levels at 1,455 - 15.00 points.

Liquidity remains high, with strong spread across most industry groups. Speculative cash flow remains active, especially in stocks with tight accumulation bases and price breakthroughs.

Vietnam's VN-Index and South Korea's Kospi recorded the strongest growth last week and returned to historical peaks, even setting new closing prices. At the same time, the VN-Index and Kospi also led the growth rankings compared to other markets.

In general, these two stock markets are not yet in a phase of overheating compared to other markets, but it is worth noting that the Kospi index has been moving sideways for the past two weeks, while the large-cap group of the Vietnamese stock market has also had similar developments.

Statistics on the VN-Index in the August period over the years from 2001 - 2024, the VN-Index has an average increase of 1.6% with a probability of increase of 61%.

The Vietnamese stock market nearly closed July 2025 at a historic peak, with the VN-Index reaching more than 1,530 points, up nearly 21% compared to the beginning of the year. Compared to the bottom on April 9, 2025, the VN-Index has recovered and increased sharply by 43%, surprising most investors.

According to Mr. Nguyen The Minh, Director of Research and Development of Individual Clients at Yuanta Vietnam Securities, the P/E valuation of the VN-Index reached nearly the 10-year average when the VN-Index reached a new record high, but this peak price is still lower than the peak in 2021 (the era of cheap money) and 2018 (the IPO and upgrade period).

Meanwhile, 2025 brings together the factors of monetary policy easing cycle, strong growth target 2025-2030 and stock market upgrade, showing that the P/E level is expected to soon exceed the 10-year average.

The nearest resistance level of the P/E is 18.x after surpassing the 10-year average, which means the VN-Index could reach 1,858 points. However, in the short term, the 10-year average is a strong resistance level (this is also the resistance level in the 2023-2024 period), so Yuanta Vietnam believes that the market may soon enter a correction phase after the recent strong increase.

The stock market in the last week of July 2025 also marked the 25th anniversary of the Vietnamese stock market with many developments that expected the market to move to a new stage, more developed, more professional, especially the more than a decade process for the story of upgrading the stock market to emerging market status.

With this investment theme, according to Rong Viet Securities Company, an effective investment strategy during this period should prioritize stocks with leading positions, solid financial foundations and direct benefits from foreign capital flows. Accordingly, investors should focus on leading securities groups, because this is the industry group that receives direct benefits from improved liquidity; is an important intermediary in ETF/foreign capital flows. And the cumulative valuation is attractive and ROE remains more stable than the average of the past 5 years. Some notable stocks are SSI, VND, HCM, VCI, BSI.

Source: https://baodautu.vn/goc-nhin-ttck-tuan-cuoi-thang-72025-uu-tien-nhom-co-phieu-co-vi-the-dan-dau-d342039.html