Vietnam Daily Market Recap July 17 – Economic Sector Note

Stocks jump, led by real estate

The VN-Index opened higher on Thursday, traded in positive territory during the session, and closed up 1.0% at 1,490.0, a fresh three-year high. Market liquidity increased, with total trading value increasing 8.2% DoD to VND35.6tn (USD1.4bn). The HNX Index followed a similar pattern, posting a gain of 1.5% to close at 246.1.

Most sectors increased today, with Real Estate (+4.0%), Telecommunications (+2.2%), Construction & Materials (+1.0%) and Technology (+0.8%) leading gainers. In contrast, Travel & Leisure (-1.0%) and Insurance (-0.3%) declined.

Top performers today included VHM (+6.9%), VIC (+3.9%) and VCB (+0.6%). Top laggards included OCB (-3.9%), VPL (-1.1%) and VJC (-1.8%).

A conference held today and organized by Vietnambiz in collaboration with FiinGroup brought together market experts and investors to discuss Vietnam’s stock market upgrade. Participants emphasized that beyond the upgrade itself, it is crucial to improve investor awareness, promote quality IPOs, expand ESG and green investment products, and address regulatory barriers like foreign ownership limits to attract and retain long-term foreign capital.

NVL (+6.8%) hit its ceiling price today after the company announced an extraordinary general meeting on August 7 in Lâm Đồng to discuss a private share issuance plan aimed at swapping debt with creditors and restructuring its capital. The number of shares to be issued will depend on the conversion price set by the Board of Directors, to be announced on July 31, 2025.

Foreign investors net sold today after 11 continuous net-buy sessions with VND120.0bn (USD4.59mn). Selling momentum focused on VCB (VND214bn, USD8.2mn), HCM (VND76.6bn, USD2.9mn) and E1VFVN30 (VND66.6bn, USD2.6mn). On the other hand, top net bought stocks were HPG (VND112.8bn, USD4.3mn), NVL (VND111.6bn, USD4.3mn) and MSN (VND66.5bn, USD2.5mn).

Read the full report: HERE