Vietnam Insight

Quick Summary — The VN-Index closed the 14/10/2026 session at 1,704.87 points (-0.85%), with selling pressure concentrated in the Vingroup names and market-wide liquidity of VND 15,296 bn. Media led sector gains (+3.66%), while the index slipped back to test the 1,700 psychological level. Foreign investors net sold VND 773 billion, concentrated in VIC, VHM and FRT. In contrast, MBB, STB and HPG saw solid net buying. The VN-Index is expected to trade within a support zone of 1,660 and resistance of 1,800 points over the coming sessions.

Technical: The decline was driven mainly by VIC and VHM, which together accounted for close to 12 of the index’s 14.55-point loss. In contrast, the financial group is holding firm. We expect a rebound at the 1,700 psychological level, although a slide toward 1,660 — the lower bound of the past 10 months’ trading range — cannot be ruled out. Support and resistance stand at 1,660 – 1,800 respectively.

Short-term scenarios for the next 2 weeks:

• Bullish (15%): The market heads toward 1,880 points
• Base case (48%): The market is expected to trade within the 1,700 – 1,780 zone as divergence continues
• Bearish (37%): The market falls to the lower bound of the support zone around 1,600 – 1,660 as the Vingroup names keep sliding and other groups stay weak

Strategy: Prioritize defensive, low-beta names with strong cash flow, high dividends, and low debt leverage amid rising interest rates. Given the market can drop unexpectedly when liquidity is thin, this is a better time to buy on dips than to chase prices. Investors should also focus more on individual sectors and stocks than on the headline index given the market's strong divergence. Prioritize sectors with strong cash flow alongside expectations of outstanding Q3 earnings.