The Vietnamese stock market continued to increase on February 20, with the VN-Index approaching the 1,300 point mark.
According to experts from VPS Securities Joint Stock Company (VPS), the most positive point of the current market is that liquidity remains high, cash flow is stable and no industry group is causing negative pressure. These factors open up opportunities for big waves. The fact that foreign investors net bought nearly 400 billion VND after Tet is a positive sign. It is likely that the VN-Index will reach 1,300 points in the next trading session.
In addition, since February 20, VPS has raised the ceiling price for most stocks. This move helps investors have more purchasing power through financial leverage, reflecting the securities company's confidence in the potential for price increases, creating momentum for the market to go up.
Previously, a number of other securities companies also supported investors with preferential interest rate packages for VIP customers, large trading customers and customers with good liquidity.
From a macro perspective, VPS experts believe that 2025 is an important milestone for the economy and the stock market. The government targets strong growth in the 2026-2030 period, aiming for double-digit growth. To achieve this, fiscal and monetary policies are loosened, with credit expected to expand by 16%-20% depending on GDP growth; moving towards removing credit room to help businesses access capital more easily.
The target for public investment disbursement is also at a record level, up to 36 billion USD, focusing on infrastructure, logistics and renewable energy. The government is willing to accept higher inflation to boost growth, bringing the asset market into a new bull cycle. Compared to other investment channels such as gold, real estate, world stocks or cryptocurrencies - which have increased sharply in 2024, Vietnamese stocks are still considered attractive thanks to low valuations.
Mr. Huynh Anh Tuan, General Director of Dong A Bank Securities Joint Stock Company (DAS), commented that the market is showing many positive signs, especially after Tet, when the cash flow returns strongly. If the impacts from the international market are eliminated, the 8% growth target in 2025 will bring abundant money supply into the economy.
Currently, the P/E valuation of the entire market is only about 13 times, while if GDP increases by 8%, corporate profits can increase by an average of 17%, creating an attractive basis for investment. Moreover, the period of February - March is the time when businesses announce business results, organize shareholder meetings and finalize dividend rates, making demand in the market stronger. Vietnam is also actively taking steps to upgrade the stock market, creating more momentum for the VN-Index to surpass 1,300 points and maintain above this level in the medium term.
According to Mr. Nguyen The Minh, Director of Analysis of Individual Clients - Yuanta Vietnam Securities Company, investor sentiment is more positive thanks to expectations of the decision to upgrade the market in March.
In addition, the global market has been "immune" to the US tariff policy, helping to restore international investor confidence. The wave of FDI attraction is also increasing thanks to new public investment policies and power planning, creating an important driving force to attract cash flow into stocks.
Dr. Le Dat Chi, Deputy Head of the Finance Department at the University of Economics, Ho Chi Minh City, emphasized that one of the important driving forces for the economy and the stock market is large-scale public investment projects, especially high-speed railways, which will benefit many related industries. Monetary policy continues to support growth, helping banks benefit and leading the stock market up. In that context, the VN-Index is likely to surpass 1,300 points.
Source: https://nld.com.vn/chung-khoan-don-nhieu-thong-tin-tich-cuc-19625022020474415.htm
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