Vietnam Insight

Quick Summary — The VN-Index closed the 22/10/2026 session at 1,760.63 points (+1.26%), the market extended its advance led by VIC and VHM, with market-wide liquidity of VND 16,568 bn. Real Estate led sector gains (+3.23%), while the index is heading toward the 1,780 zone that corresponds to the MA 50. Foreign investors net bought VND 342 billion, concentrated in VIC, TCB and VHM. In contrast, FPT, KDC and STB saw notable net selling. The VN-Index is expected to trade within a support zone of 1,680 and resistance of 1,840 points over the coming sessions.

Technical: The market extended its advance, led by VIC and VHM, with the index now heading toward the 1,780 zone that corresponds to the MA 50; we expect the market may slow here as short-term profit-taking emerges. Most sectors advanced. Support and resistance stand at 1,680 and 1,840 respectively.

Short-term scenarios for the next 2 weeks:

• Bullish (20%): The market breaks above 1,800 points as market breadth improves markedly
• Base case (65%): Trading is expected within the 1,735 - 1,780 range as divergence persists
• Bearish (15%): The market falls back to the 1,660 zone with no large-cap group holding the index up

Strategy: Investors should treat the headline index as a reference only, given how heavily the market is dominated by the Vingroup stocks. Caution remains warranted in the short term, but opportunities persist in sectors still attracting flows, such as Exporters, Real Estate, Industrial Park Real Estate and Retail. Risk-averse investors should favour low-beta names with high dividend payouts and low debt.