Prime Minister approves Upgrading Project, is the stock market about to enter a new wave of growth?

(NLDO) – After a series of hot increases, stocks adjusted when leaving the 1,700 point mark, but the long-term outlook is positive with the Stock Market Upgrading Project.

Deputy Prime Minister Ho Duc Phoc has just signed Decision 2014/QD-TTg of the Prime Minister approving the Project to Upgrade the Vietnamese Stock Market.

The outlook is very positive.

The general objective of the project is to contribute to the implementation of the Party and State's guidelines and policies on developing the stock market into an important medium- and long-term capital mobilization channel for economic development, perfecting the market economic institution under State management, and enhancing regional and international economic integration.

Short-term objective: fully meet the criteria for upgrading from frontier market to secondary emerging market by FTSE Russell in 2025; maintain secondary emerging market rating by FTSE Russell.

Long-term goal: meet MSCI emerging market and FTSE Russell advanced emerging market upgrade criteria by 2030.

Speaking to reporters of the Lao Dong Newspaper on September 14, many experts assessed that the prospects for the Vietnamese stock market are very positive. Economist, Dr. Dinh The Hien, said that this decision demonstrates the Government 's determination to complete the legal corridor for the market.

He emphasized that the upgrade is not simply a classification but is also linked to the strategy of building an international financial center in Ho Chi Minh City and Da Nang. According to him, an international financial center must first have a stock exchange that meets international standards, with quality listed products, both stocks and bonds.

Stock market is recovering after falling sharply below the 1,700 point mark

List of promising stock groups

Back to market developments. Last trading week, VN-Index increased slightly by 0.02% to 1,667 points, maintaining the important psychological mark of 1,600 points after a period of falling below 1,700 points. VN30 Index increased by 1.08% to 1,865 points, approaching the old peak around 1,880 points, while HNX-Index stopped at 276.5 points. This shows a certain recovery of the market after strong correction sessions.

However, cash flow is clearly differentiated between industry groups. Notably, foreign investors continued to net sell strongly with a total value of more than VND5,083 billion on the HOSE floor last week, creating certain pressure on domestic investor sentiment.

Mr. Nguyen Thai Hoc, an analyst at Pinetree Securities Company, commented that although the market corrected after falling below the historical peak of 1,700 points, the positive signal is that bottom-fishing money has entered the market.

According to him, capital flows are shifting to mid-cap stocks and stocks that have not increased much in the previous period, notably groups that benefit from public investment such as construction, construction materials (stone, steel) and some pillar stocks such as GVR, VNM, MSN.

He predicted that VN-Index is likely to continue to test the old peak around 1,700 points, but the possibility of breaking through the peak is uncertain. The reasonable scenario is that the index will accumulate before cash flow returns to the large-cap group.

This expert recommends that investors who already hold stocks can continue to hold and observe, while those who do not have a position should be patient and avoid chasing purchases during periods of high risk.

In the September 2025 strategy report, SHS Securities Company also recommended focusing on 5 main stock groups: residential real estate, securities, banking, construction materials and construction - infrastructure.

With liquidity still at a low level, SHS believes that investors should choose quality stocks that have the ability to lead and recover strongly in the medium and long term.

Source: https://nld.com.vn/thu-tuong-phe-duyet-de-an-nang-hang-thi-truong-chung-khoan-sap-buoc-vao-song-tang-moi-196250914114237868.htm