Vietnam Insight

Quick Summary — The VN-Index closed the 13/10/2026 session at 1,719.42 points (-0.09%), the index edged lower and divergence remained wide, with market-wide liquidity of VND 14,366 bn. Real Estate led sector gains (+1.08%), while the index continues to trade below its 50-day moving average. Foreign investors net sold VND 434 billion, concentrated in FPT, GMD and MSB. In contrast, HDB, PNJ and VHM saw solid net buying. The VN-Index is expected to trade within a support zone of 1,720 and resistance of 1,800 points over the coming sessions.

Technical: The market edged lower and divergence remained wide. The Vingroup names reversed, recovering part of the previous session’s decline, while the banking group diverged with strong gains in HDB and VPB and losses elsewhere. The market continues to trade below its 50-day moving average, with support and resistance at 1,720 and 1,800 points respectively.

Short-term scenarios for the next 2 weeks:

• Bullish (15%): The market heads toward the 1,880 level
• Base case (60%): The market is expected to trade within the 1,720 - 1,780 zone as divergence continues
• Bearish (25%): The market slides to the lower bound of the support zone, around 1,600 - 1,660, as sentiment and liquidity weaken

Strategy: Prioritise defensive, low-beta names with strong cash flow, high dividends and low debt leverage amid rising interest rates. With liquidity thin, the market can fall unexpectedly, so this is a better time to accumulate on dips than to chase prices. Investors should also focus on individual sectors and stocks rather than the headline index given the wide divergence. Prioritise sectors with healthy cash flow alongside expectations of outstanding third-quarter earnings.