The two hottest investment themes of 2026 revolve around economic growth 🔥 According to Viet Dragon Securities (VDSC), the two hottest investment topics in 2026 closely related to economic growth are (1) Investment and (2) Consumption. VDSC expects the VN-Index to reach 1,712–2,032 points in 12–14 months, based on 2026 EPS of 137–140 VND (+15–19%) and a target P/E of 12.5x–14.5x, reflecting a cautious approach to macroeconomic/geopolitical risks. 🌟 Topic 1 – Investment Total social investment is recovering significantly, driven by stable FDI and accelerated public investment, along with expectations that the private sector (~53% of total investment) and state-owned enterprises (~9%) will make breakthroughs thanks to institutional reforms (Resolution 198/2025/QH15, Law 68/2025…). Opportunities are concentrated in chain that directly/indirectly benefit from the investment cycle, such as construction materials (HPG, HSG, BMP), construction and installation (PVS, PC1), industrial and energy services (PVD, PVT), infrastructure and electricity (ACV, POW, REE), and residential/industrial park real estate (KBC, SIP, KDH, NLG). 🌟 Topic 2 – Consumption The consumer story is clearer thanks to stable growth, policies supporting purchasing power (VAT reduction, minimum wage increase, education and healthcare), spillover effects from public investment, and a domestic market of over 100 million people with a middle class projected to reach approximately 75% of the population by 2030. Opportunities favor businesses with transparent models, modern sales channels, and those benefiting from the recovery of domestic demand, such as MWG, MSN, FRT, along with other names with growth potential like DGW and PNJ. VnEconomy