{"id":33341,"date":"2025-10-01T13:52:08","date_gmt":"2025-10-01T06:52:08","guid":{"rendered":"https:\/\/gtht.com.vn\/?post_type=research&#038;p=33341"},"modified":"2025-10-01T13:52:08","modified_gmt":"2025-10-01T06:52:08","slug":"en-gtjasvn-research_investment-strategy-report_year-end-wave-ride_oct-1-2025","status":"publish","type":"research","link":"https:\/\/gtht.com.vn\/en\/research\/en-gtjasvn-research_investment-strategy-report_year-end-wave-ride_oct-1-2025\/","title":{"rendered":"(EN) GTJASVN Research_Investment Strategy Report_Year-End Wave Ride_Oct 1, 2025"},"content":{"rendered":"<p><span style=\"font-family: helvetica, arial, sans-serif\"><b>INVESTMENT STRATEGY<\/b><\/span><\/p>\n<ul>\n<li><span style=\"font-family: helvetica, arial, sans-serif\">Despite experiencing significant volatility in September, the Vietnamese stock market continues to be supported by key drivers, including positive corporate earnings growth prospects alongside a favorable macroeconomic backdrop. Macroeconomic indicators remain encouraging, with export\u2013import activities and manufacturing showing resilience (PMI above 50), while public investment is on track to be fully disbursed in line with the government\u2019s annual plan. On the policy front, the Government has continued to signal its support for the market through measures such as new regulations on gold trading, addressing bottlenecks in the real estate sector, strengthening oversight of financial market activities, and fostering the development of new areas such as the digital asset market and financial centers in Vietnam.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif\"><b>Market Upgrading: <\/b>From GTJA\u2019s perspective, we emphasize that market upgrading is not only a destination but also a reflection of the progress of Vietnam\u2019s capital market. Therefore, we believe that even under a less favorable scenario (where the timing of an upgrade may take longer than expected), the reforms implemented will still deliver highly positive effects.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif\"><b>Investment Strategy for Q4: <\/b>Our focus remains on the banking sector as the primary investment theme. In addition, we highlight several stocks with strong growth potential for FY2026 earnings, including HPG, CTD, and DBC.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif\">Nevertheless, investors should exercise caution in disbursement, as the index is expected to remain volatile within a wide trading range. Hence, strict discipline in managing entry prices and cut-loss levels is essential.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><a href=\"https:\/\/gtht.com.vn\/wp-content\/uploads\/2025\/10\/EN-GTJASVN-Research_Investment-Strategy-Report_Year-End-Wave-Ride_Oct-1-2025.pdf\">(EN) GTJASVN Research_Investment Strategy Report_Year-End Wave Ride_Oct 1, 2025<\/a><\/span><\/p>\n","protected":false},"author":32,"featured_media":0,"template":"","cate_research":[82],"specialized":[],"class_list":["post-33341","research","type-research","status-publish","hentry","cate_research-bao-cao-chien-luoc-en"],"yoast_head":"<title>(EN) GTJASVN Research_Investment Strategy Report_Year-End Wave Ride_Oct 1, 2025 - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtht.com.vn\/en\/research\/en-gtjasvn-research_investment-strategy-report_year-end-wave-ride_oct-1-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(EN) GTJASVN Research_Investment Strategy Report_Year-End Wave Ride_Oct 1, 2025 - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT STRATEGY Despite experiencing significant volatility in September, the Vietnamese stock market continues to be supported by key drivers, including positive corporate earnings growth prospects alongside a favorable macroeconomic backdrop. Macroeconomic indicators remain encouraging, with export\u2013import activities and manufacturing showing resilience (PMI above 50), while public investment is on track to be fully disbursed in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtht.com.vn\/en\/research\/en-gtjasvn-research_investment-strategy-report_year-end-wave-ride_oct-1-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gtht.com.vn\\\/en\\\/research\\\/en-gtjasvn-research_investment-strategy-report_year-end-wave-ride_oct-1-2025\\\/\",\"url\":\"https:\\\/\\\/gtht.com.vn\\\/en\\\/research\\\/en-gtjasvn-research_investment-strategy-report_year-end-wave-ride_oct-1-2025\\\/\",\"name\":\"(EN) GTJASVN Research_Investment Strategy Report_Year-End Wave Ride_Oct 1, 2025 - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gtht.com.vn\\\/#website\"},\"datePublished\":\"2025-10-01T06:52:08+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/gtht.com.vn\\\/en\\\/research\\\/en-gtjasvn-research_investment-strategy-report_year-end-wave-ride_oct-1-2025\\\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/gtht.com.vn\\\/#website\",\"url\":\"https:\\\/\\\/gtht.com.vn\\\/\",\"name\":\"Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/gtht.com.vn\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/gtht.com.vn\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/gtht.com.vn\\\/#organization\",\"name\":\"Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)\",\"url\":\"https:\\\/\\\/gtht.com.vn\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/gtht.com.vn\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/gtht.com.vn\\\/wp-content\\\/uploads\\\/2025\\\/05\\\/faviicon-1.jpg\",\"contentUrl\":\"https:\\\/\\\/gtht.com.vn\\\/wp-content\\\/uploads\\\/2025\\\/05\\\/faviicon-1.jpg\",\"width\":1067,\"height\":1067,\"caption\":\"Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)\"},\"image\":{\"@id\":\"https:\\\/\\\/gtht.com.vn\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>","yoast_head_json":{"title":"(EN) GTJASVN Research_Investment Strategy Report_Year-End Wave Ride_Oct 1, 2025 - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtht.com.vn\/en\/research\/en-gtjasvn-research_investment-strategy-report_year-end-wave-ride_oct-1-2025\/","og_locale":"en_US","og_type":"article","og_title":"(EN) GTJASVN Research_Investment Strategy Report_Year-End Wave Ride_Oct 1, 2025 - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)","og_description":"INVESTMENT STRATEGY Despite experiencing significant volatility in September, the Vietnamese stock market continues to be supported by key drivers, including positive corporate earnings growth prospects alongside a favorable macroeconomic backdrop. 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