Vietnam Stocks June 2: What to Do as Market Enters Information Void in June?

Vietnam's stock market, the VN-Index, is in a technical correction phase after encountering strong resistance between 1,900 and 1,950 points. Analysts anticipate a potential retreat to the 1,800-1,850 point support level before a new upward cycle begins. This adjustment follows a period where large-cap stocks primarily fueled the market's rise, leaving many mid-cap and penny stocks lagging, creating a market picture of "green shell, red heart."

Short-term technical indicators have turned negative, although the medium and long-term upward trend remains intact. Adding pressure is the tight liquidity in the banking system, with interbank interest rates remaining high due to credit growth outpacing deposit mobilization. Increased capital demand in the second quarter of 2026 and cash flow management issues are expected to keep short-term interest rates elevated, impacting investment flows into the stock market.

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VN-Index is entering a technical correction phase, after failing to successfully conquer the strong resistance zone of 1,900-1,950 points.

Experts suggest the correction could extend into the first two weeks of June. While caution is advised for short-term trading, investors should monitor opportunities for accumulation as prices become more attractive. Stock prices typically react 15-20 days before quarterly financial reports are released. Therefore, the current correction may offer a chance to buy into companies with solid fundamentals and positive profit outlooks, anticipating a recovery from mid-June to early July.

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The market is facing many pressures. Including risk factors, uncertainty from global geopolitical tensions that have not ended; continued credit growth control; the impact of inflation, rising input costs continue to affect businesses and the economy. Finally, the pressure of the margin loan ratio being at a high level.