According to experts, the market in the final months of the year depends heavily on the cost of capital, especially interest rates, even though Q3 2026 GDP grew 9.95% and the VN-Index still corrected. Liquidity is weak and foreign investors net sold over 98,300 billion dong in the first nine months, and AZFin's Đặng Trần Phục forecasts that the VN-Index will likely move sideways in Q4. VNDIRECT's Đinh Quang Hinh says the earnings yield of stocks outside the Vingroup group is about 9.6% a year, only about 1.5 percentage points above the 1-year interbank rate. Yuanta Việt Nam's Nguyễn Thế Minh says a 1-percentage-point cut in the 1-year rate could lift the P/E of non-Vingroup stocks by about 6%, while 2027 earnings may be nearly flat. On the positive side, Chứng khoán Tiên Phong (TPS) points to about 573,474 billion dong in public investment still to be disbursed and passive inflows that could exceed 2.2 billion USD after the market upgrade.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chứng khoán những tháng cuối năm diễn biến thế nào?
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VNINDEXinterest ratesforeign investorsGDP growthvaluation
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/16/2026 | 1,705.91 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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