Vietnam Daily Market Recap May 8 – DXG, DXS & Market Strategy

Stocks soar, led by VIC, O&G

The VN-Index opened higher on Thursday and remained in the green for the entire session, closing up 1.6% at 1,269.8. Market liquidity increased 5.8% DoD to VND18.2tn (USD701.2mn). The HNX Index also posted a gain of 0.8% to close at 215.2.

Most sectors gained today, led by Oil & Gas (+3.1%), Real Estate (+2.6%), Technology (+3.7%) and Chemicals (+3.4%). In contrast, only Personal & Household goods (-0.1%) declined.

VIC (+7.0%) stands to benefit significantly from the Tu Lien Bridge project, a major infrastructure initiative valued at over VND20tn (USD770.5mn) and jointly developed with China’s Pacific Construction Group. Scheduled to commence on May 19, 2025, following approval by the Hanoi People’s Committee, the project is expected to enhance regional traffic infrastructure and boost urban development.

Top performers today included VIC (+7%), GVR (+7%) and FPT (+4.2%), while top laggards included HVN (-0.7%), BWE (-3.2%) and FRT (-1.6%).

Foreign investors net bought today with VND257.9bn (USD9.9mn), with buying momentum focused on VIC (VND145.3bn, USD5.6mn), MBB (VND119.7bn, USD4.6mn), and HPG (VND102.5bn, USD4.0mn). On the contrary, they mainly sold VHM (VND282.2bn, USD10.9mn), VCB (VND59.9bn, USD2.3mn), and SSI (VND51.4bn, USD2.0mn).

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