Vietnam Daily Market Recap March 31

VN-Index closes March on a positive note, up 0.7%

The VN-Index closed Tuesday at 1,674.5, up 12.0 points or 0.7%, ending March on a positive note. Market breadth was positive, with 171 advances, including eight at ceiling price, against 143 declines, including one at floor price, and 56 unchanged. HoSE matched value rose 5.2% DoD to VND20.4tn (USD776mn), remaining below the 20-session average. The HNX-Index rose 0.2% to 251.0. The VN30 rose 1.0% to 1,829.6, with 20 advances and eight declines, and no constituent hitting ceiling price or floor price, reflecting measured but positive participation across large-cap names.

For March, the VN-Index lost 205.8 points or 10.9%, its steepest monthly decline in recent memory. For 1Q26, the index shed 112.6 points or 6.3%, reflecting sustained selling pressure driven by external headwinds.

Nine sectors advanced while eight declined. Real Estate led gains at 2.4%, followed by Industrial Goods & Services at 1.3%, Banking at 0.9%, Financial Services at 0.9%, Retail Services at 0.9%, Technology at 0.7%, Food & Beverage at 0.1%, Resources at 0.2% and Construction & Materials at 0.2%. On the downside, Oil & Gas fell 4.2%, Chemicals fell 2.6%, Insurance fell 1.2%, Utilities fell 1.6%, Telecoms fell 0.8%, Leisure & Entertainment fell 0.8%, Healthcare fell 0.2% and Auto & Parts fell 0.1%. The advance in Banking and Real Estate, the two largest sectors by weight, was the primary driver of the index’s modest gain despite broad declines in commodity-linked names.

Foreign investors recorded net selling of VND541.8bn (USD21mn) on HoSE. As in several prior sessions, FUEVFVND dominated outflows at VND530.7bn (USD20mn), accounting for the bulk of the headline figure. Stripping out the ETF, net foreign selling in underlying equities was minimal at VND11.1bn (USD423mn). On the sell side in equities, BSR posted VND123.6bn (USD5mn), HDB VND85.8bn (USD3mn), VCB VND81.5bn (USD3mn) and ACB VND65.9bn (USD3mn). On the buy side, SHS attracted the largest inflow at VND242.2bn (USD9mn), followed by IDC at VND89.9bn (USD3mn), VIC at VND73.4bn (USD3mn) and FPT at VND63.8bn (USD2mn).

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