Banking, energy, and property stocks power a rally that puts Vietnam back on global investors’ radar.

Vietnam’s stock market is once again commanding international attention as the VN-Index surged more than 17 points to close near 1,900—just a few points shy of its all-time high—signaling renewed confidence in one of Southeast Asia’s fastest-growing economies. The rally, driven by heavyweight banking, energy, and real estate names, comes as global investors reassess emerging markets amid shifting capital flows, easing monetary conditions, and a search for growth beyond China.

The benchmark index ended the session at 1,896 on the Ho Chi Minh City Stock Exchange, extending gains for a second consecutive day despite sharp intraday volatility. While selling pressure briefly dragged the market into negative territory, strong late-session buying pushed the index higher, underscoring resilient demand for Vietnamese equities at elevated levels. The market is now within striking distance of its historical peak, reinforcing Vietnam’s status as a frontier-to-emerging market transition story closely watched by global funds.

Leadership came from systemically important sectors. Large state-linked and private banks posted solid gains, reinforcing the view that Vietnam’s credit cycle remains supportive as economic activity accelerates. Energy stocks delivered the most synchronized advance, tracking firm oil prices and expectations of stable domestic demand, while property names linked to Vingroup continued to anchor the index. In contrast, several mid-sized developers and smaller banks lagged, highlighting selective capital rotation rather than indiscriminate risk-taking.

Liquidity remained robust, with total turnover holding near recent highs and large-cap stocks accounting for the bulk of trading value. This concentration suggests institutional participation rather than purely retail-driven momentum—an important signal for international investors assessing market depth and sustainability.

Perhaps the most consequential development was the return of net foreign buying, snapping a four-session selling streak. Offshore investors focused heavily on liquid banking and industrial names, a pattern consistent with portfolio rebalancing rather than short-term speculation. For global asset managers, renewed foreign inflows are often an early indicator of confidence in macro stability, currency management, and earnings visibility.

Looking ahead, analysts broadly expect the uptrend to persist, with the VN-Index eyeing a potential breakout toward the 1,920 level as capital gradually rotates from mega-caps into smaller growth stocks. The bigger question for global investors is whether Vietnam’s rally marks a short-term technical push—or the early stages of a structural re-rating as the country cements its role as a manufacturing, consumption, and investment hub in Asia.

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Foreign inflows surge and financials hit limit-up levels, signaling renewed risk appetite in Vietnam’s equity market.

Vietnam’s stock market pushed closer to a psychological milestone on January 12 as the VN-Index climbed more than nine points to above 1,877, putting the 1,900 level firmly within reach. The advance reflects a broad-based rally led by securities firms and major banks—an alignment that global investors often read as a vote of confidence in market liquidity and economic momentum.

Brokerage shares dominated the session, with a wave of limit-up moves across the sector. Flagship names such as SSI, HCM, VCI, VND, SHS, and peers surged simultaneously—an indication that investors are positioning for higher trading volumes, margin activity, and capital market deals if the rally sustains.

Banks reinforced the upward push. Heavyweights BIDV, Vietcombank, and VPBank all hit their daily price limits. The move is notable given that BIDV and Vietcombank spent much of the past year trading sideways; their recent acceleration suggests expectations of improved credit growth, asset quality stabilization, and stronger earnings leverage in 2026.

Not all sectors participated. Shares tied to Vingroup—including VIC, VHM, and VRE—moved against the broader trend, exerting mild drag on the index. The divergence underscores a rotation dynamic rather than indiscriminate buying, with capital flowing decisively into financials.

Foreign investors added fuel to the rally, posting net purchases exceeding VND 1 trillion. Buying concentrated in liquid blue chips such as Vietcombank, VPBank, Hoa Phat Group, Mobile World, and SHB, while selective selling appeared in VRE, VHM, and STB. The swing to strong net inflows is particularly significant after periods of cautious foreign positioning.

For international investors tracking Vietnam, the session sends a clear signal: domestic risk appetite is rising, and foreign capital is re-engaging—at least tactically.

The question now is whether the VN-Index can convert this financials-led surge into a durable breakout above 1,900, or whether profit-taking will test the market’s conviction after such a rapid run-up.

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Source: Vietnam Insider

Vietnam’s stock market suffered a sharp late-session reversal on December 25, as three major stocks linked to billionaire Phạm Nhật Vượng simultaneously fell to their floor limits, wiping out a significant portion of market gains and pulling the VN-Index down nearly 40 points.

The trading day began on a strong note, with the VN-Index briefly surpassing the 1,800-point threshold. However, selling pressure intensified toward the end of the session, triggering a steep decline that pushed the benchmark index down to 1,742.85 points, firmly into negative territory.

The most striking development was the synchronized collapse of three core stocks in the Vingroup ecosystem: Vingroup (VIC), Vinhomes (VHM), and Vincom Retail (VRE). All three plunged to their floor prices, each recording more than one million shares offered for sale at the lowest allowable price with virtually no buying interest by the close. Together, these declines erased more than 21 points from the VN-Index, making them the largest negative contributors of the session.

The sell-off came amid renewed attention on Vingroup’s strategic shift. The conglomerate recently withdrew its investment registration for the North–South high-speed railway project, choosing instead to concentrate resources on infrastructure and energy projects it has been tasked to develop. These include the Olympic Sports City, the Bến Thành–Cần Giờ high-speed rail line, and the Hà Nội–Quảng Ninh high-speed railway.

Market weakness was not limited to the Vingroup group. Two other stocks that had attracted strong investor interest in recent weeks also retreated. Sacombank (STB) dropped 4.77%, while LPBank (LPB) fell 1.87%.

In contrast, several blue-chip stocks moved against the broader market trend. Vietjet Air (VJC) surged more than 6.5%, marking the strongest gain among VN30 constituents. PetroVietnam Gas (GAS) also posted a solid advance of 4.69%, supported by strength in the energy sector.

Despite the sharp index decline, foreign investors continued to act as net buyers, purchasing more than VND 606 billion worth of shares during the session. Strong foreign inflows were recorded in VHM, STB, MCH, VJC, VPL, VPB, and GAS, while net selling pressure focused on GMD, DGC, VIX, and HAG.

The abrupt reversal underscores the VN-Index’s sensitivity to large-cap stocks, particularly those within the Vingroup ecosystem. It also highlights growing investor caution as valuations rise and strategic shifts by major corporations prompt reassessments of market expectations.

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As Vietnam’s economy hums at 7% GDP growth—outpacing regional peers amid US-China supply chain shifts—its stock market’s plunge below the 1,700 VN-Index mark exposes a stark vulnerability: evaporating liquidity amid persistent foreign outflows totaling $4.5 billion year-to-date. 8 This six-month low in trading volume, down to VND 15.2 trillion ($600 million), echoes Indonesia’s 2023 rupiah rout, where capital flight tested emerging market resilience, yet it also primes selective bargains for investors betting on FTSE’s 2026 emerging market upgrade to unlock $25-30 billion in inflows.

The VN-Index tumbled 20 points to close at 1,699 on December 10, after oscillating in negative territory all session, with early recovery bids fizzling into amplified swings on razor-thin volumes—a classic hallmark of sentiment-driven pullbacks rather than fundamental cracks. 0 Trading value cratered over VND 4.6 trillion from the prior day, as domestic players hunkered down post a multi-week rally that had propelled the benchmark up 32.8% year-to-date. 8 All major sectors—real estate, banking, and financials—posted losses, underscoring broad-based caution ahead of year-end profit-taking.

Heavyweights from Vingroup led the rout, with VIC shedding 1.9% on VND 1,133 billion in volume—the session’s highest—followed by VHM (-2.3%) and VPL (-5%), their outsized market cap dragging the index like anchors in a storm. 0 Pressure mounted from blue chips including VPB, VJC, VCB, GMD, VNM, TCX, and MBB, while new listings faltered: VPX plunged 9.1% in its debut, and PET hit the floor. Pockets of resilience shone through, though, as BMP and QCG surged to daily limits, hinting at rotational plays in niche industrials.

Foreign investors amplified the slide, marking a fifth straight net-selling session with VND 489 billion offloaded—targeting VIC, STB, VHM, and GMD—yet they scooped up VND 240 billion in FPT, affirming faith in Vietnam’s tech darling amid a broader $4 billion exodus driven by currency hedging and rate jitters. 6 Analysts at VinaCapital urge “disciplined risk management,” tracking liquidity for rebounds, as thin-volume corrections often precede swift rotations—much like Thailand’s SET index snapback post-2024 dips.

This cooldown, after October’s record highs, isn’t a death knell but a setup for 2026’s FTSE inclusion bonanza, potentially mirroring India’s 2009 upgrade that drew $10 billion overnight. Contrarian call: With VN-Index at 12x forward P/E versus 17% earnings growth, load up on FPT and banks now—before inflows flip the script. Portfolio pros, bargain hunt or bail? Your 2026 alpha awaits—sound off.

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Source: Vietnam Insider

Vietnam’s benchmark surges to 1,731 points with its strongest liquidity in a month, signaling a potential sector rotation as banks overshadow the once-dominant Vingroup group.

Vietnam’s stock market continued its December momentum with the VN-Index rising for the sixth straight session, closing at 1,731 points after a 15-point gain. The rally — adding a total of 70 points in one week — marks one of the strongest upward streaks of the year and suggests a widening investor appetite despite sharp declines among Vingroup-linked stocks.

Analysts had expected a technical pullback after a multi-session rise, and the index did dip briefly into the red. But heavy inflows into banking stocks quickly reversed the downturn, reinforcing a structural shift: money is rotating out of Vingroup and into financials, Vietnam’s most systemically important sector.

Market breadth was overwhelmingly positive, with 225 gainers, double the number of losers. The VN30 large-cap basket showed a similar pattern, featuring 19 advancing stocks and fewer than half that number declining.

According to VNDirect, 8 out of the 10 biggest contributors to today’s index gain were banks.
– CTG briefly hit its ceiling price of 52,400 VND before closing +6%
– BID, VCB, VPB, MBB added between 2–5%, driving most of the afternoon surge

Brokerage stocks joined the rally, with VCI climbing nearly 2% and SSI, HCM, VND, ORS also posting solid advances. Real estate names — especially small- and mid-cap developers — rebounded as LDG, NBB, QCG, CII, NLG, KDH, and NVL all gained over 1%.

The only group holding back the index was Vingroup. With the exception of VHM, which was flat, VIC, VPL, and VRE all finished in the red. VIC, still the market’s most influential stock, fell 2% to 269,400 VND, limiting the day’s upside.

But despite the drag, market liquidity surged to 29,500 billion VND — the highest in a month and nearly 6,000 billion VND more than the previous session. Over half of all trading value came from VN30 stocks, and four tickers — SHB, MBB, MWG, CTG — exceeded 1,000 billion VND in matched orders.

One of the strongest signals came from abroad:
Foreign investors recorded their largest net buying in weeks, purchasing nearly 6,600 billion VND while selling less than 3,000 billion VND. Vinpearl (VPL) dominated foreign inflows with 33.5 million shares purchased, while banks — MBB, VPB, SHB, CTG — also attracted heavy accumulation.

The six-session rally suggests rising conviction in Vietnam’s medium-term outlook as banks take over leadership from Vingroup. The next test for the market: whether liquidity can remain elevated and whether foreign inflows continue to broaden — two conditions that could turn a short-term run into a sustained December rally.

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Source: Vietnam Insider

Heavy buying in Vingroup’s blue-chip ecosystem adds 14 points to Vietnam’s benchmark index, masking broader market weakness and signaling a return of selective large-cap momentum.

Vietnam’s stock market delivered an eye-catching rally today as a surge in Vingroup-related stocks lifted the VN-Index toward a major technical breakout, even as most listed companies traded in the red. The sharp divergence highlights a growing trend seen across emerging Asian markets: liquidity is concentrating in a handful of mega-caps while broader investor sentiment remains cautious amid global rate uncertainty and thinning holiday-season volumes.

The VN-Index ended the session near 1,668 points, up 13 points, thanks almost entirely to the Vingroup ecosystem. Analysts had expected the market to remain range-bound until a clear leadership group emerged to push the index through the 1,670-point resistance level. Today, that leadership came decisively from four Vingroup stocks — VIC, VHM, VRE, and VPL — which together contributed more than 14 index points, meaning the market would have closed lower without them.

Vincom Retail (VRE) hit its ceiling price at 34,450 VND, attracting nearly 900 billion VND in matched orders, while parent company Vingroup (VIC) continued setting new all-time highs, rising 4.3% to nearly 240,000 VND. The VN30 basket also strengthened, climbing past 1,900 points as investors rotated into select blue chips.

Yet beneath the headline rally, market breadth remained weak. Nearly 190 stocks closed lower compared with 123 gainers — a classic “green index, red market” pattern. Banking shares were mixed, with VPB, KLB, OCB, and BID edging higher while more than ten peers, including STB and VCB, fell under selling pressure. Securities and real estate stocks also showed sharp divergence, with large-caps such as SSI and Novaland gaining, while smaller speculative names like SCR, LDG, and HQC slid 1–3%.

Liquidity fell to 17,400 billion VND, the lowest since mid-June and almost 3,000 billion VND below last week’s levels, indicating that trading activity is narrowing into a few dominant names. Foreign investors remained net sellers, unloading 2,900 billion VND — their heaviest selling in two weeks — with VRE, VND, NVL, and VIX among the most heavily sold.

Vietnam’s equity market is now approaching a technical turning point. If concentrated buying in mega-caps continues, the VN-Index could finally pierce the 1,670 resistance, but the question remains whether a rally driven by only a handful of stocks can sustain momentum — or whether global macro pressures will keep broader investor sentiment subdued.

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Source: Vietnam Insider

Global Fear Spurs Caution in Hanoi: Can the 1,500-Point Floor Hold Against Foreign Selling Pressure?

The Vietnam Stock Market, a critical component of global emerging market portfolios, is approaching a high-stakes turning point this November, with the benchmark VN-Index trapped between bullish potential and severe global headwinds. Following a sharp correction from its recent peak of 1,795 points, the Index is now hovering in a narrow consolidation band, with local brokerage Vietcap outlining three dramatic scenarios. The most pessimistic, yet entirely plausible, path suggests a potential market capitulation, sending the Index spiraling back to the critical 1,500-point support level. For investors, this 200-point swing represents a possible multi-billion dollar shift in market capitalization and a major stress test for a market long favored by international funds.

The current volatility reflects a global trend where uncertainty outweighs domestic fundamental strength. While corporate earnings are demonstrably robust—with listed companies recording a powerful 41.1% year-on-year increase in third-quarter net profit—the market lacks fresh, immediate catalysts. This “information vacuum” following the earnings season leaves the VN-Index highly vulnerable to external shockwaves. Specifically, recent warnings from major US investment banks like Goldman Sachs and Morgan Stanley about a potential 10%–15% correction in overvalued American equities have cast a long shadow over Asian trading floors, fueling extreme caution among short-term traders in Hanoi.

Vietcap assigns a 60% probability to its base-case scenario: continued consolidation within the tight range of 1,620 to 1,690 points. In this environment, low trading volumes are expected to persist, leading to stock-specific rather than broad-market movements. The bullish outcome, given a modest 15% probability, hinges on a significant influx of fresh liquidity, which could propel the Index past the 1,700-point resistance and back toward its previous high near 1,800.

However, the key risk lies in the 25% probability negative scenario. This downturn would be triggered by sustained, heavy selling pressure, particularly from foreign investors looking to de-risk their emerging market exposure, combined with margin call liquidations. If the VN-Index breaks decisively below the 1,610–1,620 range, the psychological and technical support at 1,500 points—a level that has historically served as a strong foundation—will become the last line of defense. A failure to hold 1,500 could signal a deeper, structural correction that requires months to recover.

While the market fixes its gaze on the 1,500-point support, overlooking the spectacular 41% corporate earnings growth is a classic short-term investor mistake. The true opportunity is not whether the Index holds or breaks a number, but in selectively acquiring high-quality Vietnamese blue-chip stocks at depressed prices should the global macro fear push the market down. This correction, driven by foreign pessimism rather than domestic business fundamentals, may ultimately offer the most attractive entry point in years for patient, long-term investors seeking exposure to one of Asia’s most dynamic growth stories.

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Source: Vietnam Insider

Three-day losing streak wipes nearly 70 points off benchmark amid broad sell-off in banking, real estate, and brokerage shares.

Vietnam’s stock market began the week deep in the red as the VN-Index plunged nearly 23 points Monday, marking its third consecutive session of steep losses and dragging the benchmark down almost 70 points in total. Despite an early rebound attempt that briefly pushed the index up over 10 points, selling pressure quickly intensified in the final half hour of trading, sending the index tumbling to 1,617 points — its lowest level in more than a month.

The Ho Chi Minh City Stock Exchange was flooded with red, with 240 stocks declining and barely a third that number advancing. Large-cap shares suffered a similar fate: 23 of 30 blue-chip stocks closed lower, signaling a broad-based retreat across key sectors.

Brokerage firms were hit hardest as investors offloaded shares aggressively. The entire securities group finished below reference levels, with typical declines of 3–5%. VIX led the slump, hitting its floor price of VND 26,050 (USD 1.03) with a massive sell surplus of 13.5 million shares. Bank stocks also came under pressure, with SSB the lone gainer. STB dropped 5.8% to VND 52,300, while HDB, TCB, and VPB each fell more than 3.8%.

The real estate sector saw widespread liquidation, with several developers including DXG, DXS, NLG, CII, and HDC hitting their daily downside limits. Yet a few outliers bucked the trend — notably QCG, which surged to its ceiling price of VND 14,150 with strong buying volume exceeding 600,000 shares. Losses extended across other major industries, from fertilizers and oil & gas to aviation, steel, and seaports.

Despite the sell-off, market liquidity remained strong, with total trading value on the Ho Chi Minh exchange rising to VND 29 trillion (USD 1.15 billion), up nearly VND 2 trillion from Friday. FPT led in trading turnover at over VND 2.2 trillion, followed by VIX, SSI, SHB, and HPG. Foreign investors — who had dumped over VND 1 trillion in previous sessions — eased their selling, recording a net outflow of just VND 137 billion, while net buying in FPT reached roughly 2.4 million shares.

Analysts warn the short-term trend remains bearish, though technical indicators suggest a potential rebound once the VN-Index stabilizes above the 1,620-point threshold. Market strategists recommend investors avoid chasing short-term rallies fueled by large-cap momentum and instead consider selective, low-exposure entries (20–40% of portfolio allocation) in defensive sectors such as chemicals, oil & gas, or infrastructure-linked stocks poised to benefit from Vietnam’s public investment push.

The VN-Index’s sharp decline underscores how fragile investor sentiment remains amid regional volatility — but for contrarian investors, Vietnam’s correction could be the next quiet setup for a recovery trade.

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Source: Vietnam Insider

HANOI, Oct 31 (Vietnam Insider) — Vietnam’s stock market ended October on a downbeat note, as selling pressure in property and financial stocks wiped nearly 2% off the benchmark VN-Index, pushing it below the key 1,640-point threshold.

The VN-Index plunged 29.92 points, or 1.79%, to close at 1,639.65, while the HNX-Index slipped 0.42% to 265.85. Market breadth turned sharply negative, with 414 decliners versus 330 gainers. Blue-chip stocks were no refuge: 21 of the 30 largest firms in the VN30 basket closed lower.

Trading activity picked up, signaling stronger selling momentum. More than 777 million shares changed hands on the Ho Chi Minh Stock Exchange, worth about USD 970 million, while the Hanoi exchange saw USD 71 million in turnover.

The late-session rebound attempt failed to hold, as heavyweight property and banking names—Vingroup (VIC), Vinhomes (VHM), Vietcombank (VCB), and VietJet (VJC)—collectively erased over 18 points from the VN-Index. Only a handful of gainers such as PetroVietnam Gas (GAS), GVR, Asia Commercial Bank (ACB) and FPT Corporation managed to add a modest 2.7 points.

The real estate sector was the hardest hit, tumbling 4.2%, with Vingroup down 6.4%, Vinhomes down 4.6%, and VRE falling 3.8%. Financials and industrials followed, shedding 1.4% and 1.1%, respectively. In stark contrast, media and telecommunications stocks stood out as the only bright spot—rising 4.4%—thanks to gains in Viettel Global (VGI), VNZ, and FOC.

Foreign investors continued their month-long sell-off, offloading another USD 18 million on the Ho Chi Minh exchange, led by heavy net sales in VIC, VHM, VietinBank (CTG), and MBBank (MBB). On the Hanoi bourse, they sold a further USD 2.3 million, mainly in energy and construction plays like PVS and CEO Group.

In total, foreign investors have pulled out more than USD 910 million from Vietnamese equities in October, primarily from large-cap names such as MBB, SSI, Masan Group (MSN), and CTG.

Earlier in the day, the index briefly hovered around 1,650 points as energy shares staged a rare rally. Oil and gas producers including PV Drilling (PVD), BSR, Petrolimex (PLX), and PetroVietnam Technical Services (PVS) climbed 1–3%, bucking the broader market decline. However, the rebound was short-lived as selling pressure resumed across real estate and financial stocks by late morning.

The sharp pullback underscores a fragile sentiment among investors, who remain cautious amid rising volatility, continued foreign outflows, and mounting concerns about the health of Vietnam’s property sector.

Analysts say that unless liquidity improves and foreign investors return to buying, the VN-Index could struggle to reclaim the 1,650–1,670 range in the near term.

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Despite market pressure led by property giants VHM and VRE, analysts remain bullish on leading banks and energy service stocks, signaling potential rebound zones between 1,635 and 1,675 points.

HANOI — October 28, 2025 (Vietnam Insider) — Vietnam’s benchmark VN-Index slipped sharply below its 50-day moving average (MA50) of 1,675 points on Monday, dragged down by heavy sell-offs in blue-chip real estate stocks Vinhomes (VHM) and Vincom Retail (VRE).

Market watchers expect the index to fluctuate between 1,635–1,675 points today as investors test the new short-term support level.

While the correction reflects investor caution amid mixed third-quarter earnings, analysts see it as a technical pullback within an otherwise resilient market, with selective opportunities in banking and oil & gas stocks.

Fundamental Analysis: Key Stocks in Focus

BIDV (BID) — BUY recommendation maintained; target price: VND 44,800
Analysts continue to favor Bank for Investment and Development of Vietnam (BIDV) for its consistent growth outlook:
2025 profit after tax projected to grow 5% YoY, followed by a 16% CAGR (2026–2029).
Supported by stable credit expansion, improving NIMs, and solid asset quality.
Current P/B of 1.65x remains below its 5-year average of 2.13x, indicating undervalued levels.
The planned private placement of 138 million shares has been shifted to mid-2026, with the issue price revised upward from VND 40,000 to VND 45,000 per share — reflecting stronger market confidence.

PTSC (PVS) — BUY rating; target price raised 8% to VND 45,000
Oil and gas engineering firm PetroVietnam Technical Services (PVS) remains one of the sector’s top picks:
2025 core profit expected to jump 39% YoY, driven by the M&C segment (mechanical & construction), with revenue up 70% and gross margin improving to 1.8%.
2026 forecast: profit up 19% YoY as Block B gas project enters peak construction phase.
EPS CAGR of 17% (2026–2028), supported by a $5.3 billion project backlog and steady FSO/FPSO joint-venture earnings of VND 831 billion per year.
Attractive P/E forecast of 12.5x for 2026, well below the 5-year average of 18x.

Sector Updates

BMI (Bao Minh Insurance)
9M 2025 revenue: VND 5.1 trillion (-1% YoY), profit before tax (PBT): VND 302 billion (+38% YoY).
Q3 PBT rose 28% QoQ and 299% YoY, aided by improved claims ratios and higher investment income.
Overall profit slightly below forecasts but signals a turnaround in profitability after weak early-year performance.

MBB (MB Bank)
9M 2025 total operating income: VND 48.2 trillion (+24% YoY), PBT: VND 23.1 trillion (+12% YoY).
Credit growth outpaced the sector at 18.5% vs. system average 13.4%.
CASA ratio at 37%, second only to Techcombank.
NIM held steady at 4.12%, while NPL ratio rose slightly to 1.87% — within manageable range.
Earnings came in marginally below expectations, but underlying fundamentals remain strong.

MSN (Masan Group)
9M 2025 profit after tax surged 101% YoY, Q3 profit up 72% YoY.
Growth driven by WinCommerce (WCM) and Masan High-Tech Materials (MHT), offsetting weaker results from Masan Consumer Holdings (MCH).
WCM: revenue up 23% YoY, profit up 9x to VND 175 billion; net margin at 1.7%.
MML: revenue up 23% YoY, profit up 5x, with operating margin reaching 6%.
MHT: revenue up 33% YoY, returning to profitability.

Market Outlook

The recent dip in the VN-Index may signal a short-term consolidation rather than a trend reversal. Institutional investors are likely to monitor whether the MA50 line at 1,675 holds as a pivot point for the next rebound.

“Despite short-term volatility, Vietnam’s fundamentals remain strong — low inflation, stable monetary policy, and robust domestic consumption are all tailwinds,” noted Sophie Dao, Senior Partner at GBS – Global Business Services LLC, an investment consulting firm in Ho Chi Minh City. She added, “The pullback is offering selective opportunities in quality blue chips, especially banks and energy service firms that benefit from infrastructure and industrial expansion.”

While profit-taking and sector rotation continue to pressure the VN-Index, analysts agree that BID and PVS stand out as value plays in the medium term. With improving corporate earnings and capital inflows returning to emerging markets, Vietnam’s equity market remains one of the region’s most compelling growth stories.

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Source: Vietnam Insider