Vietnam Insight

Quick Summary — The VN-Index closed the 27/10/2026 session at 1,761.87 points (-0.10%), consolidating within a narrow range with VIC the main pillar of support; market-wide liquidity reached VND 15,382 bn. Basic Resources led the sector gainers (+1.45%), while the index traded within a narrow range right at the MA 50 zone. Foreign investors net sold VND 441 billion, concentrated in ACB, FPT and GMD. In contrast, TCB, MSN and VIB saw solid net buying. The VN-Index is expected to trade between support at 1,700 and resistance at 1,840 points in the coming sessions.

Technical: The market traded within a narrow range right at the MA 50 zone, pointing to a balance between supply and demand. Sectors diverged sharply and liquidity declined. This equilibrium will only be broken by news significant enough to pull the market one way. Support and resistance stand at 1,700 and 1,840 respectively.

Short-term scenarios for the next 2 weeks:

• Bullish (20%): The market clears 1,800 points as market breadth improves materially
• Base case (65%): Trading is expected within the 1,735 – 1,780 band as sector divergence persists
• Bearish (15%): The market slides toward 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.