Vietnam Insight

The VN-Index closed the 05/10/2026 session at 1,753.20 points (+0.89%), a mixed session with market-wide liquidity of VND 15,105 bn. Personal & Household Goods led sector gains (+0.18%), while VN-Index rallied sharply but has not yet reclaimed the MA50 level (1,775-1,780). Foreign investors net sold VND 282 billion, concentrated in TCB, VHM and PNJ. In contrast, HPG, DGW and GMD saw solid net buying. The VN-Index is expected to trade within a support zone of 1,720 and resistance of 1,780 points over the coming sessions.

Technical: The market rallied more than 15 points, closing the session at 1,753 (+0.89%). The index stayed above its reference level throughout the session and fully recovered the prior session's decline. However, the rebound depended heavily on VIC and did not reflect broad-based gains across sector groups. Matched-order liquidity was low — the market recovered well in terms of points, but buying strength was not truly strong. Today's reaction is an early step in reinforcing the support role of the 1,720 - 1,730 zone. The next zone to watch is the MA50 level that was broken earlier, now at 1,775-1,780. If capital inflows remain on the sidelines, the market could continue to chop around while retesting support. In the positive medium-term scenario, strong net foreign buying would meaningfully support domestic investor sentiment, confirm the uptrend, and help the VN-Index move toward the 2,000 – 2,100 zone in the second half of 2026. In the base medium-term scenario, by contrast, if net foreign buying is not strong enough and other macro factors remain unsupportive — continued domestic rate increases, renewed Iran–U.S. geopolitical tension — the VN-Index could lack the inflows needed to break out of its current trend.

Short-term scenarios for the next 2 weeks:

• Bullish (10%): The market heads toward 1,900 points without needing to consolidate first
• Base case (55%): The market consolidates tightly around the MA50 zone of 1,800 points
• Bearish (35%): The market falls to the lower bound of the support zone around 1,725

Strategy: Investors may consider accumulating at lower levels among large-cap names that upgrade-related capital flows are focusing on, which offer attractive valuations alongside solid fundamentals. That said, investors should remain cautious and avoid chasing prices higher, as the dominant trend remains sideways within a range.