Expert sees 3 stock groups as key drivers on Vietnam market in second half of 2026

He said that Vietnam still has considerable fiscal policy room, while a substantial amount of public investment capital remains to be disbursed to meet this year’s spending targets.

As macroeconomic conditions in the second quarter of 2026 have yet to become fully favorable, the government is likely to intensify fiscal support measures in the second half of the year to stimulate economic growth.

Infrastructure investment is expected to emerge as one of the primary growth engines during the third and fourth quarters.

Huy noted that the government’s policy implementation has become increasingly decisive, with the state administrative system operating more efficiently.

This improved coordination is expected to accelerate the approval process and groundbreaking of major infrastructure projects.

As more projects move from the planning stage into active construction, infrastructure development across the country is likely to gather pace.

From an investment perspective, construction and infrastructure companies are expected to be the earliest beneficiaries of this trend.

Building material producers are also projected to benefit as improving demand supports stronger profit margins.

Prices of construction materials edged higher in the first half, creating more favorable conditions for business performance.

Huy also expressed optimism toward companies directly involved in executing infrastructure projects.

He pointed out that several large real estate developers with strong financial resources have been actively participating in build-transfer projects in exchange for land reserves, helping establish sustainable land banks for future development.

The banking sector is also expected to benefit as financing demand rises alongside infrastructure expansion.

VN-Index faces resistance near 1,890 points

ACB Securities said the benchmark VN-Index fell nearly 17 points during the trading session on Monday as selling pressure dominated throughout the day.

Trading liquidity increased compared with the previous session, indicating stronger supply and reflecting growing profit-taking at elevated price levels.

The decline was largely driven by Vingroup-related stocks, with VIC and VHM together subtracting more than 21 points from the benchmark index.

Meanwhile, buying interest remained concentrated in banking stocks, particularly LPB, BID, and VCB.

From a technical perspective, ACB Securities said the market’s short-term upward trend remains intact, although buying momentum has not been strong enough to generate a decisive breakout.

The brokerage expects the VN-Index to continue facing pressure as it tests the 1,890-point resistance level in the coming sessions.

Meanwhile, Tien Phong Securities said the southern market has entered a period of consolidation to absorb short-term selling pressure following the previous recovery.

Saigon-Hanoi Securities noted that the market will enter the third quarter with renewed expectations.

Investors are looking ahead to stronger second-quarter GDP growth, ambitious economic targets for the remainder of the year, easing inflation and interest rates, improving medium- and long-term credit growth, and stronger corporate earnings.