Vietnam Daily Market Recap June 10 – TCB Update

Stocks jump, led by Retail

The VN-Index opened higher on Tuesday and traded in positive territory throughout the session, closing up 0.4% at 1,316.2. Market liquidity increased, with total trading value rising 3.8% compared to Monday to VND17.01tn (USD 653.38mn). The HNX Index followed a similar pattern, posting a gain of 0.4% to close at 226.4.
Most sectors gained today, led by Telecommunications (+2.9%), Retail (+2.4%) and Chemicals (+1.7%). In contrast, sectors such as Oil & Gas (-2.1%) and Technology (-0.4%) declined.
Top performers today included VHM (+2.7%), GEE (+6.9%), VRE (+3.7%) and TCB (+1.0%). Top laggards included PLX (-0.8%), GAS (-0.6%) and CTG (-0.4%).
Retail stocks, including FRT, DGW, MWG and MSN, rose sharply, with DGW (+6.9%), FRT (+5.6%), MWG (+1.7%) and MSN (+1.1%). Retail stocks are expected to benefit from the Government’s recent crackdown on counterfeit and low-quality goods and tax-related reforms. Authorities have stepped up enforcement with stronger actions, including stricter tax collection and intensified inspections, to protect consumer rights and create a transparent and fair legal environment for compliant businesses. Under the revised Law No. 56/2024/QH15, starting April 1, 2025, e-commerce platforms must declare and pay taxes on behalf of individual sellers operating on their systems. This will increase the tax burden on shops selling untaxed or hand-carried goods, narrowing the price gap between them and fully tax-compliant businesses.
Foreign investors net bought today with VND261.1bn (USD10.0mn). Buying momentum focused on EIB (VND132.7bn, USD5.1mn), VIX (VND102bn, USD3.9mn) and GEX (VND87.2bn, USD3.3mn). On the other hand, top net sold stocks were FPT (VND80.4bn, USD3.1mn), CTG (VND61.3bn, USD2.4mn) and VIC (VND59.9bn, USD2.3mn).

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