Vietnamese stock market index transcends 1,400-point mark
The Vietnamese stock market experienced a significant surge on Monday, with the VN-Index climbing 15.09 points, or 1.09 per cent, to 1,402.06 points. This rise was accompanied by gains in several securities stocks, including VIX Securities Corporation (VIX), SSI Securities Corporation (SSI), Saigon-Hanoi Securities JSC (SHS), and VNDirect Securities Corporation (VND), all of which rose at least 1.5 per cent.
The market's positive momentum can be attributed to a combination of factors. The VN-Index recently surpassed the 1,400 mark, driven by a positive sentiment from both domestic and foreign investors. This surge is attributed to strong economic fundamentals and expectations of market status upgrades.
Foreign investors have been net buyers in recent sessions, indicating confidence in the market. Notable purchases have been made in stocks like HPG and SSI. Vietnam's GDP growth has been robust, with a 6.93% expansion in the first quarter and a 7.52% increase for the first six months of 2025.
Despite short-term volatility, the Vietnamese stock market has shown resilience, with a potential for recovery post-correction. The VN-Index has historically rebounded well after corrections, suggesting a positive outlook for the rest of the year.
Vietcombank Securities (VCBS) forecasts a price-to-earnings (P/E) ratio between 13.9x and 15.3x for 2025 for the VN-Index. According to VCBS, the VN-Index could reach 1,555 points, with earnings per share (EPS) projected to rise by 12 per cent. SHS predicts that the market could break out, aiming for the 1,420-point range.
Investors poured over VNĐ2.2 trillion into the northern market on the HNX, equivalent to a trading volume of 130 million shares. Foreign investors were net buyers of VNĐ66.52 billion on HNX. In a favorable scenario, the VN-Index could climb to 1,663 points, potentially attracting an additional foreign capital inflow of between $1.3-1.5 billion in the third quarter of 2025, as suggested by Vietcombank Securities (VCBS).
Liquidity on the southern bourse rose from last Friday to VNĐ28.29 trillion (US$1.1 billion). The HNX-Index on the Hanoi Stock Exchange (HNX) finished higher, up 3.39 points, or 1.46 per cent, to 235.9 points. The market's breadth was positive, with 224 stocks increasing, while 87 ticker symbols finished lower.
Shares of Saigon Hanoi Commercial Joint Stock Bank (SHB) recorded the biggest daily gain of 7 per cent. Other banking stocks also experienced robust buying activity. The VPBank (VPB) increased by 2.93 per cent, while BIDV (BID) and Vietinbank (CTG) increased by 1.78 per cent and 4 per cent, respectively.
The domestic stock market extended gains on Monday, reaching the 1,400-point milestone. The VN30-Index, tracking the 30 biggest stocks in terms of market capitalisation on HoSE, also inched higher. Foreign investors remained net buyers on HoSE, after net purchasing a significant number of shares worth over VNĐ1.23 trillion.
The positive sentiment from foreign investors, backed by strong economic fundamentals and expectations of market status upgrades, has fueled the surge in the Vietnamese stock industry, as evidenced by the purchasing of stocks like HPG and SSI, contributing to the overall rise of the market. In the forecast by Vietcombank Securities (VCBS), the VN-Index could potentially reach 1,555 points, attracting additional foreign capital inflow and aiding the recovery of the finance sector's business prospects.
