Vietnam Stock Market Resumes Trading with Bullish Outlook Following Tet Holiday

Post-Holiday Market Optimism The Vietnamese stock market is set to resume trading on February 23 following a week-long hiatus for the Lunar New Year (Tet Festival).
Before the break, the VN-Index showed signs of recovery during the final three trading days, closing at 1,824.09 points, near its short-term peak.
Historical Data and Liquidity Expectations Huynh Anh Huy, Director of Analysis at Kafi Securities, noted that statistics since 2015 indicate an over 80% probability of the VN-Index rising in the first two weeks following the Tet holiday.
This probability increases to 88% if the final trading week of the previous year ended on a positive note.
Market experts highlight that liquidity typically increases by approximately 70% during the post-holiday period as idle funds return to the system.
Seasonal data also suggests that the first quarter has historically been a strong period for stock market performance.
Technical Analysis and Resistance Levels Analysis by TPS suggests that the current recovery could evolve into a new upward wave, with the index potentially targeting the 1,980-2,000 point range.
However, experts advise investors to maintain their current positions and remain cautious during sharp rallies.
Taking a more conservative stance, Yuanta Securities Vietnam and Phu Hung Securities (PHS) suggest the market might begin the week with short-term consolidation.
They anticipate the index could fluctuate between 1,800 and 1,830 points, identifying 1,850 points as a key resistance level and 1,780 points as critical support.