HANOI — Vietnam’s stock market kicked off the new week on a positive note, with a wave of gains spreading across the board. At the close of trading on July 7, the VN-Index officially surpassed the 1,400-point mark, a historic level last reached in 2021.
Investor sentiment remained upbeat, buoyed by favorable tariff developments announced late last week. The VN-Index gained more than 15 points, or 1.09%, to end the session at 1,402 points. The VN30-Index rose by 19.89 points, while the HNX-Index and UPCoM-Index added 3.39 points and 0.44 points respectively.
Strong capital inflows targeted key sectors such as banking and securities, helping sustain the market’s upward momentum. Trading activity was largely centered on bank, brokerage, and steel stocks. Leading the charge were bank stocks—often referred to as the “king stocks”—with names like SHB, VPB, LPB, HDB, and ACB driving the market higher.
One standout was SHB, the Saigon – Hanoi Commercial Joint Stock Bank, which recorded an extraordinary trading volume of 250 million shares. SHB also hit its daily ceiling price, becoming the focal point of market liquidity.
Across the market, total matched order value exceeded VND 25 trillion. The trading screen was awash in green, with 224 stocks advancing, including 9 that hit their ceiling prices, while 60 stocks closed flat and 87 declined.
Foreign investors were net buyers, with a net purchase value of over VND 1.2 trillion. SHB attracted the largest foreign net inflow at more than VND 550 billion, followed by FPT, SSI, HPG, CTG, and HDB. On the flip side, foreign investors sold off stocks such as GEX, VCB, MWG, and FTS.
In a recent directive, Prime Minister Pham Minh Chinh urged rapid implementation of measures to upgrade Vietnam’s stock market from frontier to emerging status. The call came as part of Official Telegram 104, which focuses on enhancing the effectiveness of monetary and fiscal policy management and reviewing the country’s economic performance in the first half of the year. The Prime Minister instructed relevant ministries and agencies to work closely to swiftly remove existing barriers, including those related to trading processes, settlement procedures, foreign investor rights, and market transparency.
He also tasked the Ministry of Finance with urgently submitting a draft resolution on piloting a digital asset market—a sector that, despite being recognized in the Law on Digital Industry, still lacks a clear legal framework—by July 15.
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Source: Vietnam Insider