Vietnam Daily Market Recap Oct 29 – PNJ, DCM, TCM, VHC & IDC Earnings

Stocks advance, led by banks

The VN-Index followed yesterday’s momentum to open higher on Wednesday and remained in positive territory throughout the session, closing up 0.3% at 1,685.8. However, market liquidity decreased, with total trading value declining 13.1% DoD to VND25.7tn (USD979mn). The HNX Index followed a similar pattern, posting a gain of 0.5% to close at 266.8.

Most sectors rose today, led by Oil & Gas (+3.9%), Chemicals (+1.7%) and Banks (+1.5%), while only Real Estate (-2.1%), Technology (-0.3%) and Retail (-0.2%) declined.

Strong performance by banks (+1.5%) led the index today, highlighted by OCB (+4.2%), which recorded a strong YoY increase across net interest income and non-interest income in 3Q25, leading to pre-tax profit of VND1.5tn (USD57mn), a threefold year-on-year increase.

Top performers today included VCB (+1.2%), BID (+1.9%) and HDB (+3.7%). Top laggards included VIC (-3.7%), VHM (-3.0%) and VRE (-2.3%).

Foreign investors became net sellers today, with a total value of VND1.5tn (USD57.3mn). Selling momentum was concentrated on ACB (VND779bn, USD29.6mn), MBB (VND150bn, USD5.7mn) and VIX (VND137bn, USD5.2mn). On the other hand, net buying was seen in HDB (VND167bn, USD6.3mn), FPT (VND117bn, USD4.5mn) and GEX (VND86.0bn, USD3.3mn).

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