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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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At the MoneyGain Next 2026: Elevating the sustainable investment journey event held on April 11, expert Dao Phuc Tuong, formerly Investment Director at APS Asset Management (Singapore), stated that stock market movements in the remaining months of 2026 are quite challenging. Market moving sideways and difficult to expect a major rally as many people anticipate. In macro terms, Vietnam aims for per capita GDP of about 8,500 USD by 2030, with GDP growth around 10% annually. The credit-to-GDP ratio has approached 150%, leaving limited room for credit expansion. This forces the economy to shift toward the capital market, with channels such as FDI, bonds, and especially equities. Although 2025 saw a large IPO wave totaling 37,000 billion dong, that figure represents only 3.6% of total social investment, indicating substantial remaining growth potential. Investment experience: when stocks are falling, do not focus on how far they have fallen from the peak. Many observers think a 40–50% drop means cheap, but peaks often occur when valuations are already expensive. Even a 50% drop may be from an overvalued level and not a true bottom. Similarly, when stocks rise, don’t only look at how much they have gained to take profits. After a deep drop, a 50% rise may bring prices back to reasonable levels with room to move higher if valuations are still attractive. Besides valuation, consider the ahead-looking business environment for the company. For example, hundreds of banks have valuations well below their 5-year average, but what lies ahead? Credit growth this year is constrained; banks that cannot mobilize funds cannot lend more, even with a 15–20% ceiling. On portfolio management, the principle is realism and depends on individual capability. Components include asset allocation (how much to place in stocks vs cash in different market phases), risk appetite (age and personality), and how many stocks to hold. Many Asian and Vietnamese investors prefer higher risk, i.e., more speculative, so over 90% are retail investors, with few trusting funds. Finally, how to deploy capital depends on one’s ability; if there is little conviction in an idea, it is better to keep exposure low.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…