Vietnam Daily Market Recap April 24

Stocks advance, led by VIC

The VN-Index opened and remained in positive territory throughout the session on Thursday, closing up 1.0% at 1,223.35. Total liquidity declined 17.2% DoD to VND15.4tn (USD592.5mn). In contrast, the HNX-Index closed down slightly by 0.2% to 211.1.

Most sectors were in the green today, led by Real Estate (+3.5%), Telecommunications (+2.5%), Technology (+1.3%) and Insurance (+1.9%). However, Banks (-0.03%), Media (-2.0%) and Travel & Leisure (-0.2%) declined today.

VIC (+7.0%) led the market higher. This morning (April 24), Vingroup Group (VIC) held its AGM for 2025, setting a target of VND300tn (USD11.6bn) in revenue and VND10tn (USD384.9mn) in net profit. Vingroup continues to explore opportunities for expansion in the technology sector, while VinFast aims to double its vehicle delivery volume compared to 2024, maintain its leadership in the electric vehicle market in Vietnam, and expand its service vehicle range. On the international front, VinFast plans to focus on growing in key markets like Indonesia, the Philippines, and India. The market’s upward movement today reflects investor confidence in the positive business outlook for Vingroup and VinFast in 2025.

Foreign investors net bought today with a total net buying value of VND458.9bn (USD17.7mn). Buying momentum was focused on HPG (VND152bn, USD5.9mn), MWG (VND138.1bn, USD5.3mn) and VHM (VND109.3bn, USD4.2mn). On the other hand, they net sold GEX (VND79.3bn, USD3.1mn), MCH (VND78bn, USD3.0mn) and SHB (VND73.9bn, USD2.8mn).

Top performers today included VIC (+7.0%), VHM (+4.6%) and HDB (+4.4%). Top laggards included TCB (-1.3%), ACB (-1.8%) and MBB (-0.6%).

Read the full report: HERE