Vietnam Daily Market Recap March 21 2025 – HDG, CTD Update

Stock dip lower; tech, telecoms outperform

The VN-Index opened lower on Friday and remained subdued throughout the session, closing down 0.2% at 1,321.9. Market liquidity decreased 13.8% DoD to VND17.8tn (USD665.1mn). The HNX-Index closed flat at 245.8.

Most sectors traded in the green today, with Technology (+2.1%), Telecommunications (+1.6%) and Real Estate (+0.7%) advancing while Utilities (-0.7%) and Banks (-0.6%) pulling back.

TPB (-3.0%) and ORS (-6.9%) extended losing streaks after the Chairman of ORS submitted his resignation, following news that the securities commission had suspended trading of BCG’s bonds on Thursday. ORS, which served as the underwriting institution for those bonds, has plunged 17.0% since Tuesday. TPB, the largest shareholder of ORS, also decreased 8.4% this week.

Foreign investors were net sellers today, with a net selling value of VND951.4bn (USD37.3mn). Selling momentum focused on VND (VND154.9bn/USD6.1mn), SHB (VND128.8bn/USD5.1mn) and TPB (VND120.5bn/USD4.7mn). Conversely, they bought VCI (VND161.4bn/USD6.3mn), SIP (VND69.1bn/USD2.7mn) and NAB (VND59.9bn/USD2.3mn).

For the week, the VN-Index decreased -0.3%, with total trading value decreasing 11.6% WoW to VND100.5tn (USD3.9bn). Foreign investor selling surged this week, with total net selling value increasing 66.3% WoW to VND3.7tn (USD144.7mn).

Top laggards today included VCB (-1.2%), BID (-0.9%) and LPB (-2.1%), while top performers included VIC (+2.9%), FPT (+2.4%) and VHM (+1.9%).

Read the full report: HERE