Vietnam Daily Market Recap July 29 – NLG, MCH, VRE, DCM Earnings Flash

Stocks fall, led by Financial Services

The VN-Index opened higher on Tuesday but traded in negative territory throughout the session, closing down 4.1% to 1,493.4. Market liquidity increased, with total trading value surging 37.9% compared to Monday to VND71.7tn (USD2.7bn), a new all-time high. The HNX Index followed a similar pattern, dropping 3.6% to close at 255.3.
The VN-Index dropped as investors took profits, with sentiment remaining cautious ahead of the potential implementation of new retaliatory tariffs starting August 1. The US Secretary confirmed the August 1 deadline for tariffs would not be moved. Another reason for the sell-off is several securities firms are approaching their lending warning. Total outstanding securities loans—including margin lending and advances—at 38 securities firms reached nearly VND286.5tn (USD10.94bn) in 2Q25.
All sectors declined, led by Financial Services (-5.9%), Telecommunications (-5.5%), Banks (-4.8%) and Industrial Goods & Services (-4.0%).
Top laggards included VCB (-2.8%), VHM (-3.6%) and BID (-5.0%). Top performers today included VGC (+1.8%) and BSR (+0.5%)
Foreign investors net sold today with a total value of VND775.4bn (USD29.6mn). Selling pressure was concentrated in FPT (VND615.4bn, USD23.5mn), VIX (VND257.5bn, USD9.8mn) and VPB (VND250.9bn, USD9.6mn). On the other hand, top net buying was seen in VCG (VND283.5bn, USD10.8mn), VNM (VND242.7bn, USD9.3mn) and SHS (VND102.8bn, USD3.9mn).

Read the full report: HERE