Vietnam Daily Market Recap July 23 – VPB, BMP & FPT Earnings, TCB AM Notes

Stocks advanced, led by travel & leisure

The VN-Index opened higher on Wednesday and traded in the positive territory throughout the session, closing up 0.2% at 1,512.3, a fresh three-year-high. Market liquidity rose, with total trading value increasing 13.2% DoD to VND38.2tn (USD1.5bn). The HNX Index followed a similar pattern, increasing 0.6% to close at 249.3.

Most sectors increased today, with Travel & Leisure (+4.2%), Chemicals (+2.2%) and Industrials Goods & Services (+1.6%) leading gainers. In contrast, only Real Estate (-1.5%), Basic Resources (-0.3%) and Technology (-0.1%) declined.

Top performers today included VPB (+3.8%), VJC (+7.0%) and HDB (+4.1%), while top laggards included VHM (-3.5%), VIC (-2.1%) and TCB (-1.0%).

VPB (+3.8%) surged today after releasing strong first-half 2025 results. The bank’s total consolidated assets surpassed VND1,100tn (USD42.3bn), making it the largest private bank in Vietnam by this measure. Pre-tax profit reached over VND11.2tn (USD430.8mn), a 30% increase compared to the same period last year, while consolidated credit growth was a robust 18.6%. The bank maintained a healthy financial position with its non-performing loan ratio controlled at 2.31% and a Capital Adequacy Ratio (CAR) of nearly 14%.

Foreign investors net bought today with VND246bn (USD9.5mn), with buying momentum focused on FRT (VND334bn, USD12.9mn), VPB (VND219bn, USD8.4mn) and HDB (VND112bn, USD4.3mn). On the other hand, selling momentum was concentrated on VIX (VND237bn, USD9.1mn), SHB (VND114bn, USD4.4mn) and VHM (VND101bn, USD3.9mn).

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