Vietnam Daily Market Recap March 17 2025

Stocks jump, led by travel & leisure, real estate

The VN-Index opened higher on Monday and traded in positive territory throughout the session, closing up 0.8% at 1,333.9, a three-year high. The index has jumped 8.7% in the last month. Market liquidity declined, with total trading value dropping 19.2% compared to Friday to VND17.1tn (USD670.2mn). The HNX Index followed a similar pattern, posting a strong gain of 1.7% to close at 246.8.

Most sectors gained today, led by Travel & Leisure (+1.8%), Real Estate (+1.5%), Construction & Materials (+1.5%), and Banks (+1.1%). In contrast, sectors such as Telecommunications (-1.5%), Technology (-0.9%) and Industrial Goods & Services (-0.6%) declined.

According to the Hanoi Authority for Planning and Investment, TAL (+10%) is the sole investor to have submitted an application and met the requirements to develop the Me Linh New Urban Area project. The project covers an area of ~40.6 hectares with a total investment of more than VND3.21tn (USD128.8mn).

HVN (+3.8%) will resume its Hanoi–Moscow route on May 8 after a three-year suspension. Initially, the airline will operate two flights per week on Tuesdays and Thursdays. From July 2026, the frequency will increase to three flights per week using Boeing 787 wide-body aircraft.

Top performers today included VCB (+2.0%), VPB (+3.0%), BCM (+3.6%) and HVN (+3.7%). VCB (+2.0%) led the gains, adding 1.8 points to the index. Top laggards included FPT (-1.4%), GVR (-0.8%) and MSN (-0.8%).

Foreign investors net bought today with VND159.2bn (USD6.2mn), with buying momentum focused on VCB (VND168.5bn, USD6.6mn), VCI (VND72.1bn, USD2.8mn), and VHM (VND64.9bn, USD2.5mn), while foreigners mainly sold FPT (VND281.9bn, USD11.0mn), BCM (VND48.6bn, USD1.9mn), and HPG (VND47.1bn, USD1.8mn).

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