Vietnam Daily Market Recap Oct 21

Stocks surge, led by tech

The VN-Index opened higher on Tuesday and traded in positive territory through the session, closing up 1.6% at 1,663.4. Market liquidity decreased, with total trading value down 10.7% DoD to VND45.1tn (USD1.7bn). The HNX Index followed a similar pattern, posting a gain of 0.6% to close at 264.6.

Most sectors rose today, led by Technology (+5.9%), Travel & Leisure (+4.2%) and Telecommunications (+3.3%), while Financial Services (-0.6%), Automobiles & Parts (-0.4%) and Health Care (-0.7%) declined.

FPT (+6.9%) and FRT (+6.9%) hit their ceiling prices today. FPT announced its 9M25 estimated results with revenue of nearly VND49.9tn (USD1.9bn) and pretax profit of VND9.54tn (USD372mn), up 10% and nearly 18% YoY, respectively. In 9M25, revenue from newly signed contracts in the overseas IT services segment reached VND29.4tn (USD1.1bn), rising 14.4% YoY. FPT continued to win 19 large projects valued at over USD10mn each, nearly double YoY. Despite ongoing global economic challenges, revenue from overseas IT services maintained solid growth, driven mainly by the Japanese market. In particular, FPT established a representative office in Ōta City (Gunma) in late 2024, underscoring the strong partnership between the two sides. Going forward, Gunma aims to expand cooperation with Vietnam in digital transformation, workforce training, and high technology.

Top performers today included VIC (+4.4%), VHM (+2.7%) and FPT (+6.9%). Top laggards included MSN (-4.8%), GAS (-1.7%) and NVL (-6.8%).

Foreign investors net bought today, with a total value of VND2.44tn (USD92.7mn), focusing on FPT (VND524.7bn, USD19.9mn), SSI (VND440.5bn, USD16.7mn) and TCX (VND186.3bn, USD7.1mn). This marked the strongest net buying year to date. On the other hand, selling pressure was concentrated on MSN (VND255.1bn, USD9.7mn), VHM (VND182.5bn, USD6.9mn) and VJC (VND116.6bn, USD4.4mn).

Read the full report: HERE