In a recent report, Guotai Junan Securities cited Howard Marks, founder of Oaktree Capital Management, on the current market landscape: “The market isn’t necessarily in a bubble, but valuations are no longer cheap.”
Echoing this sentiment, Guotai Junan assesses Vietnam’s stock market as having many stocks that are no longer undervalued. However, growth opportunities remain. The firm also emphasizes the importance of building a balanced portfolio and reducing speculative activity.
Despite September’s volatility, Vietnam’s stock market remains supported by strong fundamentals. Positive corporate earnings growth and a robust macroeconomic outlook continue to drive momentum. Recent data shows resilient export-import activities and manufacturing, with PMI above 50, while public investment is accelerating to meet annual targets.
On the policy front, the government continues to signal support through measures such as new regulations for gold trading, resolving real estate bottlenecks, enhancing financial market oversight, and promoting emerging sectors like digital assets and financial hub development.
Regarding market upgrades, Guotai Junan views these not as mere milestones but as reflections of Vietnam’s capital market progress. Even if upgrades are delayed, the positive impact of reforms will persist.
As Vietnam targets high economic growth, Q3-Q4 presents an opportune time to identify undervalued stocks with strong 2026 potential.
For Q4 investment strategies, banking stocks are a key focus. Additionally, high-growth prospects like HPG, CTD, and DBC warrant attention. Investors should exercise caution amid volatile indices, closely managing entry points and stop-loss levels.
Notable sectors include banking, technology/tech materials (DGC), and defensive industries (DHC – paper materials with strong demand). Real estate is recovering due to government support, but only companies with distinct advantages will thrive amid sector polarization.
Top 7 Stocks with Strong Fundamentals and Positive Q3/2025 Earnings Outlook: Ideal Picks for October Investment
Agriseco identifies several positive factors influencing the market, including the gradual release of Q3 business results, the anticipated economic acceleration in the final quarter, and the potential for a ratings upgrade.
“Reaching a Decade-High Peak: This Locality Leads the Nation in GRDP Growth for the First 9 Months of the Year”
Quảng Ninh has recorded an impressive economic growth rate of approximately 11.67% over the past nine months, ranking first among 34 provinces and cities nationwide. This marks the highest growth rate the province has achieved in the last decade, surpassing its previous annual fluctuations between 8.02% and 10.12%.
Invest with Joy Daily and Win Surprising Rewards at IR Awards 2025
An office worker and a banker were both honored with awards at the prestigious IR Awards 2025. Their unexpected triumph stems from treating stock market engagement as a natural daily habit, rooted in a steadfast belief in transparency and a stress-free, relaxed investment philosophy.
Central Bank Projects 19-20% Credit Growth for 2025
As of September 29, 2025, Vietnam’s economic credit growth has surged to 13.37% compared to the end of 2024, according to data from the State Bank of Vietnam (SBV).
Governor Phạm Thanh Hà Outlines Future Monetary Policy Direction
The Deputy Governor affirmed that the State Bank of Vietnam will continue to proactively, promptly, and effectively manage monetary policy. Simultaneously, it will closely coordinate with fiscal and other macroeconomic policies to synchronously achieve the goals of inflation control, macroeconomic stability, and growth support.
