Vietnam Daily Market Recap Sep 19

Stocks fall, led by travel & leisure

The VN-Index opened higher on Friday, but traded in negative territory throughout the session and closed down 0.4% at 1,658.6. Market liquidity declined, with total trading value down 7.4% DoD to VND28.9tn (USDbn). The HNX Index followed a similar pattern, posting a loss of 0.3% to close at 276.2.

Most sectors declined today, led by Travel & Leisure (-3.4%), Oil & Gas (-1.8%) and Financial Services (-1.3%), while Real Estate (+1.4%), Industrial Goods & Services (+0.3%) and Basic Resources (+0.3%) gained.

VIC surged nearly 5.7% to a record VND153,200/share, marking a nearly 280% gain YTD, pushing Vingroup’s market cap above VND590tn (USD 22bn). This cements its top position in Vietnam’s stock market and places it on the verge of becoming the first Vietnamese company to reach a VND600tn market cap. The rally follows Vingroup being named among the World’s Best Companies 2025 by TIME Magazine, boosting Chairman Pham Nhat Vuong’s net worth to USD15bn, ranking him the 175th richest person globally.

Top laggards today included VCB (-1.4%), VHM (-1.7%) and BID (-2.5%), while top performers included VIC (+5.7%), LPB (+2.4%) and GEE (+7.0%).

Foreign investors net sold today with a total value of VND3tn (USD113.8mn). Selling pressure was concentrated in VHM (VND467.4bn, USD17.7mn), SSI (VND295.7bn, USD11.2mn) and STB (VND282.9bn, USD10.7mn). On the other hand, top net buying was seen in FPT (VND317.8bn, USD12.0mn), HPG (VND138.5bn, USD5.3mn) and GEE (VND60.1bn, USD2.3mn).

Read the full report: HERE