Vietnam Insight

▶ The market started the trading week with a strong increase gap of 6.37 points after positive total credit growth information and impressive preliminary business results of banks in 6M2025. The market continued to increase with the spread across many industry groups and strong net buying power of foreign investors.

▶ At the end of the trading session, the VN-Index increased by 15.09 points (+1.09%), reaching 1,402.06 points; HNX-Index increased by 3.39 points (+1.46%), reaching 235.90 points. The liquidity of the whole market continued to maintain an impressive level of VND 31.2 trillion, equivalent to more than 1.477 million shares traded. Foreign investors net bought VND 1,227 billion during the session, mostly concentrated in SHB, FPT and SSI. On the contrary, GEX, VCB and MWG were the stocks under the most net selling pressure.

▶ Technical perspective: With the support of foreign investors, VN-Index increased by more than 15 points and closed the session above 1,400 points. The banking group has accelerated in recent sessions after an accumulation period. From a technical perspective, RSI is trading in the overbought zone, indicating the possibility of fluctuations in the near future. Especially in the context of VN-Index moving towards the historical peak of the 2022 period.

In the positive case: The market maintains MA50 against short-term profit-taking pressure from the market, along with positive news from tax negotiations from Vietnam. This will open up a positive signal to help investors confidently disburse in the coming time.

In the base case: Vietnam has no new progress on tax negotiations, the main trend will still be trading sideways and waiting for clearer signals from the market.

Strategy: Investors should temporarily stop buying new stocks that have increased and prioritize holding instead. When considering new buying positions, investors should participate with a low proportion and prioritize groups that closely follow the support of MA 20/50/200 and are in an uptrend. Real estate, banking, and energy groups which are in low price ranges and have been forming accumulation bases are considered as attractive sectors.