Vietnam Daily Market Recap Jan 9, 2026

Stocks hit new high as state-owned banks surge  

The VN-Index opened higher on Friday and traded in positive territory throughout the session to close up 0.7% at 1,867.9, a fresh all-time high. Market liquidity treaded water, with total trading value edging down 2.3% DoD to VND39.4tn (USD1.5bn). On the contrary, the HNX Index opened higher but traded in negative territory throughout the session, posting a 0.8% loss to close at 247.1.

For the first trading week of 2026, the VN-Index advanced 4.7%, as potential divestment and the introduction of Resolution No. 79-NQ/TW on the development of the state-owned economy boosted investor sentiment on the future of large state-owned tickers.

VCB (+6.8%), BID (+7.0%), and CTG (+6.7%) surged today, as Resolution 79 targets placing at least three state banks among Asia’s top 100 largest by assets. The Government aims to develop four leading state banks as pioneers in technology and management while maintaining dominance in market share and market regulation. This strategic mandate has bolstered investor confidence in their long-term growth and regional stature.

Top-performing sectors included Oil and Gas (+3.3%), Chemicals (+3.1%) and Utilities (+3.0%). In contrast, Automobile & Parts (-1.4%), Retail (-1.3%) and Financial Services (-1.0%) declined.

VCB (+6.8%), BID (+7.0%), and CTG (+6.7%) were leading performers today, while top laggards included VPB (-3.4%), VIC (-0.3%), and HDB (-3.1%).

Foreign investors net bought today with a total value of VND803bn (USD30.5mn), focusing on VCB (VND538bn, USD20.5mn), VHM (VND268bn, USD10.2mn), and MBB (VND240bn, USD9.1mn). Conversely, net selling took place in VIX (VND197bn, USD7.5mn), GMD (VND178bn, USD6.7mn), and GEX (VND121bn, USD4.6mn).

Read the full report: HERE