With the stock market surging and consistently hitting new highs, a wave of optimistic forecasts has emerged. Yet, pinpointing the market’s peak amid this strong uptrend remains speculative—especially in the absence of a historical resistance zone ahead for the VN-Index. Without a previous high to serve as a benchmark, current projections should be viewed as reference points rather than definitive indicators. The biggest rise in five years Vietnam’s stock market has delivered its most remarkable rally in recent months. From its lows from April 9 to August 19, the VN-Index surged by over 570 points—an impressive gain of 54%. Now on track for a fourth consecutive month of growth, this marks the strongest upward streak since the 2020–2021 bull run. In early August, the market broke through its previous peak and has continued to chart new highs. Notably, the ongoing upturn sees money distributed across all stock groups, from large-, mid- to small-cap stocks. By industry group, banking, real estate and securities remain the most important driving forces that have kept the market on a strong upward trend recently. Vietnam’s increasingly accommodative monetary policy has been a key catalyst for the recent surge in the local stock market. In addition […]
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