Vietnam Daily Market Recap July 28 – BAF, QNS Earnings Flash, ACB Note

Stocks surges to new all-time high, led by Financial Services

The VN-Index opened higher on Monday and traded in positive territory throughout the session, closing up 1.7% to a record high of 1,557.4, surpassing the previous high of 1,531 set on Friday. Market liquidity increased, with total trading value surging 25.8% compared to Friday to VND44.3tn (USD1.7bn). With the VN-Index hitting a new all-time high, the market is showing potential for a massive bullish wave ahead. The HNX Index followed a similar pattern, climbing 3.6% to close at 263.8.
Most sectors gained, led by Financial Services (+5.8%), Industrial Goods & Services (+2.0%), Banks (+2.0%) and Real Estate (+1.9%). In contrast, only Oil & Gas (-0.1%) declined.
The market was buoyed by positive news that the US and China are expected to extend their tariff truce for another three months. The information emerged as senior negotiators from both countries are scheduled to meet in Stockholm, Sweden on July 28 to address ongoing economic disputes.
Securities stocks, such as SSI (+5.3%), VND (+6.9%) and VIX (+6.9%), climbed thanks to positive market sentiment, with the VN-Index hitting a new all-time high and liquidity surging. Investors also expect that Vietnam’s market could be upgraded to secondary emerging market status, with FTSE Russell set to announce the decision as early as September 2025.
Top performers today included VPB (+4.4%), VHM (+2.0%) and VCB (+1.3%). Top laggards included VRE (-0.5%) and PLX (-0.6%).
Foreign investors net sold today with a total value of VND983.4bn (USD37.7mn). Selling pressure was concentrated in HPG (VND417.7bn, USD16.0mn), FPT (VND149.8bn, USD5.7mn) and GVR (VND106.0bn, USD4.1mn). On the other hand, top net buying was seen in SHB (VND334.3bn, USD12.8mn), VNM (VND75.1bn, USD2.9mn) and LPB (VND58.3bn, USD2.2mn).

Read the full report: HERE