Vietnam Daily Market Recap May 21 – VHC, ACB & TPB Update

Stocks advance, led by real estate, travel & leisure

The VN-Index opened higher on Wednesday and traded in positive territory throughout the session, closing up 0.6% at 1,323.1. Market liquidity increased, with total trading value increasing 10.1% DoD to VND25.2tn (USD970.8mn). In contrast, the HNX-Index dipped 0.1% to close at 217.5.

Sector performance was mixed today, with gainers led by Travel & Leisure (+4.2%), Real Estate (+2.4%), and Basic Resources (+1.3%). In contrast, Media (-1.5%), Telecommunications (-1.4%) and Chemicals (-1.2%) declined.

Top performers today included VHM (+7.0%), VIC (+2.2%), HVN (+6.9%) and STB (+5.8%), while top laggards included VPL (-1.5%), GVR (-1.4%) and FPT (-0.8%).

STB (+5.8%) surged today, led by news related to the finalization of the bank’s restructuring program, marked by the planned sale of a 32.5% stake held by the Vietnam Asset Management Company (VAMC). This move is part of the bank’s broader strategy to address bad debt inherited from its 2015 merger with Southern Bank, with over 81% of outstanding assets already recovered. The end of this restructuring program should open a new chapter for STB, enabling the bank to distribute dividends to investors or capital increases, strengthening the bank’s financial position.

Foreign investors net bought today with a total net buying value of VND477bn (USD18.4mn). Buying momentum focused on STB (VND354bn, USD13.6mn), FUEVFVND (VND324bn, USD12.5mn) and VHM (VND152bn, USD5.9mn). On the contrary, foreign investors mainly sold FPT (VND129bn, USD5.0mn), VIC (VND93.9bn, USD3.6mn) and VRE (VND74.5bn, USD2.9mn).

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