Vietnam Daily Market Recap July 8 – REE Update

Stocks jump, led by Basic Resources

The VN-Index opened higher on Tuesday and traded in positive territory throughout the session, closing up 1.0% at 1,415.5, a fresh three-year high. Market liquidity was unchanged DoD at VND28.3tn (USD1.1bn). The HNX Index followed a similar pattern, posting a gain of 0.8% to close at 237.7.

Most sectors gained today, with Basic Resources (+2.9%), Travel & Leisure (+1.9%) and Financial Services (+1.4%) leading gainers. In contrast, sectors such Telecommunications (-0.5%), Insurance (-0.3%) and Media (-0.3%) declined.

Top performers today included VHM (+3.0%), HPG (+4.7%) and VCB (+0.7%). Top laggards included BVH (-1.1%), TPB (-1.1%) and GEE (-0.8%).

US President Trump has announced plans for steep, country-specific tariffs on 14 nations, with rates reaching as high as 40% for goods from Myanmar and Laos. However, these tariffs are being presented as negotiable bargaining tools that could change depending on the bilateral relationship with each country.

Vietnam’s economy saw a significant credit expansion in the first six months, with growth hitting 9.9%, the highest rate recorded since 2022. The robust growth was largely supported by a stable interest rate environment and a strategic focus on directing capital toward key production and business sectors.

Foreign investors net bought today with VND1.5tn (USD58.1mn). Buying momentum focused on HPG (VND669bn, USD25.7mn), FPT (VND346bn, USD13.3mn) and SSI (VND273bn, USD10.5mn). On the other hand, top net sold stocks were VCB (VND105bn, USD4.1mn), MWG (VND94.6bn, USD3.6mn) and KDH (VND85.7bn, USD3.3mn)

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