Vietnam bourse shows positive growth during H1
The VN-Index rose by 110 points in the first half of the year, equivalent to an 8.6% increase, despite a sharp correction triggered by tariff-related volatility.
THE HANOI TIMES — The Vn-Index, the benchmark index of the Ho Chi Minh City Stock Exchange, closed the last trading session of June at 1,376 points, up 3.3% compared to last month and 8.6% since the beginning of the year.
June's closing value is the highest the index has seen since April 2022.
A local investor at a securities company in Hanoi. Photo: Tran Quynh/The Hanoi Times
Over the past six months, the stock market experienced a sharp correction in early April following US President Donald Trump's announcement of reciprocal tariffs. The VN-Index lost 17% during this decline, falling below the 1,100-point mark. Many securities firms were forced to lower their growth forecasts for the year.
The market subsequently rebounded strongly thanks to government actions aimed at mitigating the impact of the tariffs. Although no final negotiation outcome has been reached, many securities companies believe that investor sentiment will remain upbeat.
Mirae Asset Vietnam’s research team predicts that the index will soon surpass the 1,400-point mark, while Vietcap expects it to reach 1,420 points by year-end.
During the last trading session in June, the market displayed several positive signals. The VN-Index extended its upward streak to a second consecutive session, with advancing stocks doubling decliners (216 versus 92). Among large-cap stocks, 16 closed higher, and 10 ended lower.
Bank stocks posted a broadly positive performance, though most gains were under 1%. VIB led the group with a 1.1% rise to VND18,300 (US$0.72).
Green also dominated the securities sector. ORS, the stock of Tien Phong Securities, rose 2% after the company announced a full restructuring and a break from previous losses. Other key stocks, such as SSI, VCI, and HCM, climbed between 0.2% and 1.4%.
In contrast, oil and gas stocks were more mixed. Mid-cap stocks like PVD, PVT, and BSR all gained, while two leading stocks, PLX and GAS, closed below their reference prices. A similar divergence appeared in the real estate sector: several mid- and small-cap stocks posted gains, while two major names, VHM and VRE, fell by 0.4% and 0.6%, respectively.
One of the most encouraging signals of the day was strong net buying by foreign investors, the highest in the past two weeks. Foreign inflows reached nearly VND2.16 trillion ($85 million), while outflows totaled VND1.6 trillion ($63 million). Key stocks attracting foreign capital included VND, DBC, NLG, and MSN.
Liquidity on the Ho Chi Minh City Stock Exchange reached VND18.83 trillion ($740 million), roughly the same as the previous week. No individual stock surpassed VND1 trillion ($39 million) in matched order value. FPT led the market with VND813 billion ($32 million), followed by SSI, MSN, and TCB.
