Vietnam Daily Market Recap August 7 – Market Strategy

Stocks advance to new high, led by basic resources

The VN-Index opened higher on Thursday, traded near its reference price throughout most of the session, but surged into the close, ending up 0.5% at 1,581.8, a fresh all-time high. Market liquidity improved, with total trading value increasing 13.5% DoD to VND44.2tn (USD1.7bn). The HNX Index traded in the green throughout the session, increasing 0.8% to close at 270.9.

Most sectors gained, led by Basic Resources (+3.7%), Chemicals (+2.1%) and Personal & Household Goods (+1.3%). In contrast, Real Estate (-0.9%), Media (-0.8%)  and Travel & Leisure (-0.6%) declined.

Basic Resources (+3.7%) surged today, led by DPM (+6.8%) and DCM (+3.6%), reflecting a strong second quarter for the chemical and fertilizer industry. Many companies reported impressive profit growth, with some, like DCM, already surpassing their annual profit goals for 2025 in just the first half of the year. This growth is attributed to rising global demand, improved selling prices, and a new 5% VAT policy that helps reduce costs for businesses like PVFCCo (DPM). The sector’s outlook remains positive, supported by government policies promoting sustainable agriculture and expanding export markets.

Top performers today included VPB (+6.8%), HPG (+5.2%) and BID (+2.4%), while top laggards included VIC (-3.0%), VHM (-2.6%) and VCB (-1.0%).

Foreign investors net sold today with a total value of VND78.7bn (USD3.0mn). Selling pressure was seen in FPT (VND369bn, USD14.2mn), GEX (VND158bn, USD6.1mn) and VCB (VND127bn, USD4.9mn). On the other hand, top net bought stocks were VPB (VND443tn, USD17.1mn), HPG (VND386bn, USD14.9mn) and TPB (VND130bn, USD5.0mn).

Read the full report: HERE