Vietnam Daily Market Recap May 28 – Banking Sector Note, MCH Initiation

Stocks edge higher, led by Vingroup tickers

The VN-Index opened higher on Wednesday and traded in positive territory throughout the session, closing up 0.2% at 1,341.9. Market liquidity contracted, with total trading value declining 10.4% DoD to VND22.4tn (USD862.2mn). The HNX Index followed a similar pattern, advancing 0.8% to close at 223.6.

Sector performance was mixed today, with gainers led by Oil & Gas (+2.6%), Real Estate (+1.4%) and Basic Resources (+0.7%). In contrast, Industrials Goods & Services (-1.4%), Travel & Leisure (-1.1%) and Insurance (-0.5%) declined.

VIC (+2.7%) jumped today, amid news that it has successfully issued VND2tn (USD76.9mn) in bonds. The bonds will be 24 months in maturity with a fixed interest rate of 12.5%. Since the beginning of 2025, VIC has conducted six private bond issuances, raising a total of VND15tn (USD961.5mn).

Top performers today included VIC (+2.7%), VHM (+1.9%) and VRE (+5.5%), while top laggards included GEE (-5.5%), HVN (-1.5%) and HDB (-1.6%).

Foreign investors net sold today with total net selling value of VND200.1bn (USD7.7mn), with selling momentum focused on VCI (VND101bn, USD3.9mn), VNM (VND82.3bn, USD3.2mn) and VCB (VND62.4bn, USD2.4mn). Meanwhile, foreign investors mainly bought VHM (VND123bn, USD4.7mn), DXG (VND79.5bn, USD3.1mn) and MWG (VND63.2bn, USD2.4mn).

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