Vietnam Daily Market Recap July 31 – Earnings Flash

Stocks advance, led by Financial Services

The VN-Index opened higher in the morning session on Thursday but quickly reversed and traded in negative territory throughout the rest of the session to close down 0.3% at 1,507.6. Market liquidity increased slightly, with total trading value of VND43.2tn (USD1.7bn) (+2.9% DoD). The HNX Index opened and was in the green throughout the session, surging 1.9% to close at 266.4. 

Sectors were mixed today, led by Financial Services (+1.8%), Industrial Goods & Services (+1.5%) and Construction & Materials (+1.3%). In contrast, Telecommunications (-1.9%), Retail (-1.6%) and Basic Resources (-1.3%) declined.

On July 31, 2025, the State Bank of Vietnam announced an increase in the credit growth target for 2025, adding supplementary credit limits for credit institutions without requiring formal requests from them. As of July 28, total system-wide credit had expanded by 9.64% compared to the end of 2024. 

Top performers today included SHB (+6.8%), VPB (+2.2%) and BCM (+3.9%), while top laggards included VCB (-1.1%), VHM (-1.6%) and VIC (-3.7%)

Foreign investors net sold today with a total value of VND2236.9bn (USD85.3mn). Top net selling was seen in CTG (VND377.9bn, USD14.4mn), VPB (VND242.5bn, USD9.2mn) and FPT (VND230.2bn, USD8.8mn). On the other hand, buying pressure was concentrated in VIC (VND140.2bn, USD5.3mn), HAH (VND88.4bn, USD3.4mn) and NVL (VND66.8bn, USD2.5mn).

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