Stock Market Recovers on Optimistic Mood
Vietnam's stock market is currently experiencing a recovery phase, with the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) surging 14.82 points (1.02%) on July 16, 2025, to close at 1,475.47, nearing the significant 1,480 resistance level. This rebound reinforces investor confidence as the market eyes the symbolic 1,500-point mark.
Market liquidity remained high, with trading volumes around VND33 trillion (approximately US$1.3 billion), indicating sustained cash flow and optimistic investor sentiment despite recent volatility. Several blue-chip stocks led this uptrend, including major corporations such as Vingroup (VIC), Hoa Phat Group (HPG), Vietinbank (CTG), Techcombank (TCB), Vinhomes (VHM), BIDV (BID), and SSI Securities Corporation (SSI).
Shares of SSI Securities Corporation soared nearly 7% on Wednesday, supporting the market's recovery. VIC (Vingroup) was the single most influential stock on the market, contributing 5.16 points, or 5.2%, to the VN-Index's gain. Only six of the VN30 stocks ended lower.
The banking and brokerage sectors played key roles in the rally, with VIX Securities Corporation (VIX) hitting the ceiling price, further bolstering the index's strength. Top buys included HPG, SSI, Dat Xanh Group (DXG) and VPBank (VPB), all recording net purchases exceeding VND100 billion.
Factors influencing this recovery include economic recovery, market reforms and upgrades, policy support, and sector leadership. Vietnam is actively pursuing an upgrade of its stock market status from frontier to emerging by September 2025, which includes enhancing technical infrastructure, improving transparency, easing foreign ownership limits, and simplifying foreign investors’ access to local accounts. These reforms are expected to attract substantial international capital inflows.
Investor sentiment remains upbeat, and cash flow into the market has yet to show signs of retreat, even amid short-term volatility. Today's performance reinforces the short-term uptrend of the VN-Index. The Hanoi Stock Exchange's HNX-Index also experienced a rally, adding 2.02 points, or 0.84 per cent, to finish at 242.35 points. Foreign investors extended their net buying streak for the 11th consecutive session, with a net inflow of VND294.78 billion.
Market watchers believe this momentum could carry the index toward higher resistance zones in the next few sessions. With disciplined policy reforms, technical upgrades, and improving economic fundamentals, Vietnam’s market is demonstrating a promising path toward reaching new highs and emerging market status in the near term.
- The banking and brokerage sectors, such as SSI Securities Corporation and VIX Securities Corporation, are playing significant roles in the current recovery of Vietnam's stock market, with their shares soaring and contributing to the strengthening of the index.
- Investors are showing optimistic sentiment towards the Vietnamese stock market, as evident by the high market liquidity, sustained cash flow, and continued net buying by foreign investors.
- To further bolster the market's growth and attract international capital, Vietnam is aggressively pursuing market reforms and upgrades, aiming to upgrade its stock market status from frontier to emerging by September 2025, with measures including enhancing technical infrastructure, improving transparency, easing foreign ownership limits, and simplifying foreign investors’ access to local accounts.
