VnEconomy Summary of Market Outlooks and Investment Recommendations by Securities Firms for October 10, 2025
According to BVSC, the short-term trend of the market is likely to remain in the direction of accumulation so that stock groups have more time to balance and create a new price level before heading towards a more exciting period in the second half of the fourth quarter.
On October 9, the VN-Index rose by 18.64 points (+1.1%) to close at 1,716.47 points. Similarly, the HNX-Index gained 1.6 points (+0.59%) to end at 274.94 points.
BVSC (Bao Viet Securities): Market likely to remain in a short-term accumulation phase
“Following the market’s upgrade to emerging status, investor attention will shift to the Q3 earnings season, which is expected to see divergence across different stock groups. Large-cap stocks are anticipated to rotate gains, helping the index hold its high levels.
In the short term, the market is expected to remain in an accumulation phase, allowing stock groups more time to stabilize and form new price bases before entering a more active period in the second half of Q4.
For trading activities during this phase, investors should prioritize short-term trading opportunities (T+ advantage) in currently held positions, focusing on stocks linked to the market upgrade or those expected to post strong Q3 earnings growth.”
BSC (BIDV Securities): Caution still needed after breaking previous highs
“VN-Index moved above the 1,700 zone, closing at 1,716.47 points, a gain of nearly 19 points. The market breadth was relatively balanced, with 14 out of 18 sectors advancing, led by Oil & Gas and Real Estate.
However, despite this breakout, the trading volume remained unconvincing. Furthermore, foreign investors were net sellers across all three exchanges (HSX, HNX, and UPCOM). Therefore, we advise caution and suggest waiting for a more confirmed uptrend after surpassing the previous peak.”
SHS (Saigon – Hanoi Securities): VN-Index may move toward the 1,750-point level
“The short-term outlook is positive after over a month of accumulation. VN-Index has followed VN30 in breaking above the September highs, as anticipated. After briefly testing resistance at 1,710 points, VN-Index is expected to continue heading toward 1,750 points. Meanwhile, VN30 may target the 1,970–2,000-point range.
With the market upgrade and a strong 8.23% GDP growth in Q3/2025, combined with early positive earnings reports, investor sentiment has improved. Liquidity is recovering, with capital increasingly selective, favoring reasonably valued stocks with solid Q3 growth expectations.
Investors may consider increasing exposure to stocks with strong fundamentals, leading positions in strategic growth sectors, and expected positive Q3 and year-end results.”
TVS (Thien Viet Securities): VN-Index expected to extend gains
“The VN-Index closed up 19 points at 1,716.5 (+1.1%), maintaining gains throughout the session, supported by large-cap stocks like Vingroup and key banking stocks (CTG, VPB, MBB…).
The market’s performance aligns with our previous forecasts. Liquidity exceeded the 10-session average, indicating improving investor demand. We expect the VN-Index to continue rising in the coming sessions, with capital likely to flow into large-cap stocks and sectors with strong Q3 earnings prospects such as Securities, Seafood, Retail, and Steel.
Investors are advised to maintain their current equity allocation and closely monitor upcoming sessions.”
YSVN (Yuanta Securities Vietnam): VN-Index may continue toward 1,730 points
“We believe the market will likely maintain its upward momentum in the next session, with VN-Index targeting the 1,730-point level. Capital flows are expected to become more evenly distributed across sectors. While minor corrections may occur, these are likely to be short-lived.
Sentiment indicators have improved slightly, but investors remain cautious, not yet overly optimistic.
Short-term strategy (under 1 month): The market remains in a neutral short-term trend. We recommend holding 30–50% equity in portfolios and consider adding positions during pullbacks.”
VCBS (Vietcombank Securities): Market faces potential consolidation while approaching new highs
“The VN-Index ended the session with a bullish candle, reaching new highs backed by large-cap momentum.
On the daily chart, the index broke above the upper Bollinger Band, while MACD and RSI indicators also signal an upward trend. However, the +DI line hasn’t yet aligned with the ADX, indicating possible sideways movement as the market challenges new highs.
On the hourly chart, the index continues to trade above the Ichimoku cloud, with RSI and MACD supporting further gains.
With VN-Index surpassing the 1,700-point mark thanks to positive blue-chip performance, we advise investors to maintain holdings in trending stocks and selectively invest in sectors drawing capital ahead of Q3 earnings releases. Notable sectors include Banking, Public Investment, and Retail.”
SSI (SSI Securities Corporation): Short-term uptrend confirmed with a target of 1,730 points
“VN-Index closed at 1,716.47, up 18.64 points (+1.1%) with over 1 billion shares traded via matching orders.
The index extended its uptrend and set a new high.
The short-term uptrend has been reinforced, with the next target at 1,730 points. Support is now lifted to the 1,680–1,700 range.”
Disclaimer: The market assessments from securities companies cited by VnEconomy are for informational reference only. These firms may have conflicts of interest with investors when providing such outlooks.
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