Vietnam Daily Market Recap March 20 2025

Stocks dip, led by FPT

The VN-Index jumped at the open on Thursday but quickly lost momentum, closing down 0.1% at 1,323.93. Market liquidity decreased compared to Wednesday, with total trading at VND17.8tn (USD698,6mn). The HNX-Index closed up 0.2% to 245.3.

With the exception of Telecommunications (+1.3%) and Retail (+0.4%), most sectors traded flat or dropped today, including Chemicals (-0.7%), Real Estate (-0.6%), Oil & Gas (-0.6%) and Travel & Leisure (-0.6%).

MBB (+1.7%), TCB (+0.5%) and VPB (+0.8%) performed relatively well amid a weak trading day, likely driven by the Government recently issuing Decree 69/2025/ND-CP, which revised regulations on foreign ownership in credit institutions and allows a maximum foreign ownership limit of 49% in certain cases.

Foreign investors net sold today with VND1.5tn (USD58.7mn), led by FPT (VND279.1, USD10.9mn), TPB (VND173.7bn, USD6.8mn) and HPG (VND171.5bn, USD6.7mn). In contrast, SHB (VND56.4bn, USD2.2mn), VCI (VND56.0bn, USD2.2mn) and GEX (VND45.4bn, USD1.8mn) were net bought.

Top performers today included MBB (+1.7%), VCB (+0.5%) and TCB (+0.5%). Top laggards included TPB (-5.3%), VIC (-0.8%) and BCM (-1.5%).

Read the full report: HERE