Vietnam Daily Market Recap April 1 2025 – QNS VIB AGM

Stocks jump, led by Vingroup ecosystem

After advancing 0.9% in March and 4.0% in Q1, the VN-Index started April and Q2 with a strong gain on Tuesday, closing up 0.8% at 1,317.3. However, market liquidity decreased compared to yesterday to VND12.6tn (USD491.5mn). The HNX Index followed a similar pattern, posting a gain of 0.6% to close at 236.4.
Basic Resources (+3.1%) led gains, followed by Media (+2.6%), Oil & Gas (+1.8%), and Real Estate (+1.8%). In contrast, Telecommunications (-1.9%) and Retail (-1.2%) sank.
Top performers today included VHM (+3.3%), VIC (+3.0%) and TCB (+1.6%). Top laggards included GVR (-1.7%), FRT (-6.7%) and MSN (-0.9%).
VHM (+3.3%) and VIC (+3.0%) continued to rise as Vinpearl approaches its IPO. The company, with a charter capital of VND18tn (USD703.5mn), submitted its application on March 3 and is awaiting a decision from HoSE. According to regulations, the final outcome will be announced in early April. If Vinpearl is approved for listing, Vietnam’s stock market will gain another noteworthy option.
Foreign investors net sold today with VND461.9bn (USD18.1mn), with selling momentum focused on SSI (VND167.2bn, USD6.5mn), MSN (VND106.2bn, USD4.1mn), and FRT (VND104bn, USD4.1mn), while foreigners mainly bought VRE (VND163.2bn, USD6.4mn), VHM (VND118.4bn, USD4.6mn), and GEX (VND77.1bn, USD3.0mn).

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