Vietnam Insight

Quick Summary — The VN-Index closed the 15/10/2026 session at 1,698.35 points (-0.38%), with selling pressure concentrated in real estate and oil & gas, and market-wide liquidity of VND 16,801 bn. Financial Services led sector gains (+1.94%), while the index kept edging lower amid divergence, with no sign yet of renewed accumulation. Foreign investors net sold VND 688 billion, concentrated in VIC, STB and TCB. In contrast, MBB, VPB and PVT 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 market fell mainly on VHM. In contrast, financial names continued to perform well. The headline index kept edging lower amid divergence, with no sign yet of renewed accumulation or a rebound. VHM has now broken decisively below the 62 trading zone, which had twice been tested successfully since June, suggesting that unless other groups rally strongly enough, the index is very likely to keep sliding toward 1,660. 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 at 1,600 - 1,660 as the VIC group keeps declining 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.