Vietnam Insight

Quick Summary — The VN-Index closed the 29/10/2026 session at 1,755.61 points (-0.62%), the market moved on individual stock news as the Q3 earnings season unfolds, with market-wide liquidity of VND 15,695 bn. Travel & Leisure led sector gains (+0.88%), while sharp divergence persisted, pulling the index lower without changing its sideways structure. Foreign investors net sold VND 459 billion, concentrated in TCB, FPT and SSI. In contrast, VPB, HPG and SHB saw solid net buying. The VN-Index is expected to trade within a support zone of 1,700 and resistance of 1,840 points over the coming sessions.

Technical: The market is "dancing" to individual stock news as the Q3 earnings season unfolds. However, sharp divergence persists, pulling the index lower without changing its sideways structure. Reference support and resistance stand at 1,700 – 1,840.

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.