Vietnam’s benchmark VN-Index loses nearly 200 points since Trump’s tariff announcement
The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), has declined for three consecutive sessions by a total of 182.63 points, following U.S. President Trump’s announcement on 46% reciprocal tariffs on imports from Vietnam.
An investor stands in front of stock boards. Photo courtesy of Thanh Nien (Young People) newspaper.
The major index plunged 77.88 points, or 6.43%, to 1,132.79 on Tuesday (April 8), losing all the gains made so far this year. Since the outset of 2025, the VN-Index has dropped by more than 10.64%.
Last Thursday, right after the Trump declaration, the VN-Index plummeted nearly 88 points, or 6.68%, to 1,229.84, marking the steepest drop in its history. The day later, the index continued to lose 19 points, or 1.56%, to 1,210.67.
Monday (April 7) saw no trading as it was a national holiday. On Tuesday, the HoSE had 506 falling stocks, with 254 hitting their floor prices. Over 1.16 billion shares changed hands for nearly VND25.3 trillion ($972.14 million), down more than 38.2% from Friday.
Some experts attributed the drop to widespread "forced selling" and margin calls in the market. In the morning session, many securities companies announced reducing margin ratios.
They added that information about the likelihood of the Vietnamese stock market status upgrade by FTSE Russell this September (according to Bloomberg) did not help the VN-Index avoid a steep decline in this session.
The VN30 index, which tracks the performance of the 30 largest stocks on the HoSE, lost over 83 points or 6.48%. All 30 tickers dropped, with 24 hitting their floor prices with no buyers.
All stock groups experienced decreases with the hardest hit being telecommunications (-12.47%), industrial goods and services (-9.44%), resources (-8.25%), oil and gas (-7.92%), and financial services (-7.23%).
Foreign investors remained net sellers to the tune of VND1.7 trillion ($65.32 million) on the HoSE, focusing on stocks such as MBB of MBBank, VHM of real estate developer Vinhomes, FPT of tech giant FPT Corp., and STB of Sacombank.
The HNX-Index on the Hanoi Stock Exchange plunged 7.34% to 201.04, while the UPCoM-Index on the Unlisted Public Companies Market dropped 7.28% to 84.5.
- Related News
- Read More
PV Oil completes 81% of full-year profit target in Q1
PV Oil, a subsidiary of state-owned Petrovietnam, reported a sharp surge in first-quarter earnings, achieving 81% of its full-year profit target within the first three months of 2026, driven largely by favorable inventory dynamics.
Companies - Sat, May 2, 2026 | 8:17 am GMT+7
Major players eye Vietnam’s wastewater treatment market
Vietnam’s wastewater treatment sector is entering a transition phase as a growing number of large corporations signal plans to enter or expand investments, driven by rising environmental infrastructure demand and expectations of clearer wastewater pricing mechanisms.
Companies - Sat, May 2, 2026 | 8:00 am GMT+7
Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot
A consortium of Hong Phong ID Co. Ltd. and Ecopark Hai Duong JSC has broken ground on a VND2.42 trillion ($91.97 million) eco-urban tourism project in Vietnam's northern border province of Lao Cai.
Real Estate - Fri, May 1, 2026 | 9:08 pm GMT+7
Royal Shore Beachclub announces grand opening in Hoi An
Royal Capital Group on Thursday announced the grand opening of its newest beachfront destination, set along the pristine coastline of Hoi An.
Travel - Fri, May 1, 2026 | 6:48 pm GMT+7
Novaland posts Q1 profit of $33 mln, shares hit three-year high
Novaland (HoSE: NVL) reported a strong turnaround in the first quarter of 2026, swinging to a net profit of VND860 billion ($32.63 million) from a loss a year earlier, as revenue doubled on increased property handovers.
Companies - Fri, May 1, 2026 | 3:09 pm GMT+7
Vinaconex, Vietjet have new CEOs
Vietnamese construction heavyweight Vinaconex on Wednesday appointed deputy CEO Pham Thai Duong as CEO and legal representative, replacing Nguyen Xuan Dong.
Companies - Fri, May 1, 2026 | 2:41 pm GMT+7
Japanese retailer Aeon Mall to build another shopping center in northern Vietnam
Japan’s Aeon Mall is set to invest nearly $150 million in a shopping mall project in the northern province of Bac Ninh, marking a further push into Vietnam’s fast-growing industrial localities.
Industries - Fri, May 1, 2026 | 10:59 am GMT+7
Hyosung Vina raises $7.6 mln in unsecured bond sale
Hyosung Vina Chemicals, the Vietnam arm of South Korean chaebol Hyosung, has completed a VND200 billion ($7.59 million) domestic bond issuance, according to disclosures on the Hanoi Stock Exchange.
Companies - Fri, May 1, 2026 | 10:16 am GMT+7
Vietnam central bank to add new metrics to oversee banking activity
The State Bank of Vietnam is proposing a set of new prudential metrics to strengthen oversight of banking operations, replacing the traditional loan-to-deposit ratio (LDR) with a broader framework aligned with Basel III standards.
Banking - Fri, May 1, 2026 | 8:00 am GMT+7
From national reunification to aspiration for an integrated development space
In 1975, Vietnam united the country through determination and a shared aspiration for independence. Today, in a very different context, the country faces a new challenge: unifying its market through institutional reform, writes Dr. Nguyen Sy Dung, former deputy head of the Office of the National Assembly - the country's legislature.
Economy - Thu, April 30, 2026 | 10:27 pm GMT+7
Vietjet seeks deeper engagement in Vietnam's aviation infrastructure development
Vietjet, Vietnam’s first private airline, has proposed earlier and broader participation in Vietnam’s airport planning and infrastructure development, as the budget carrier looks to expand its role beyond flight operations into ground services and logistics.
Companies - Thu, April 30, 2026 | 9:42 pm GMT+7
Vietnamese giants kick off 4 mega projects in HCMC
The Ho Chi Minh City People’s Committee on Wednesday held a groundbreaking ceremony for four large-scale projects invested by Vietnamese conglomerates including Vingroup, Sun Group and Truong Hai Group (Thaco).
Economy - Thu, April 30, 2026 | 8:01 pm GMT+7
Vingroup starts work on $2.2 bln int'l university township in southern Vietnam
Vietnam’s conglomerate Vingroup (HoSE: VIC) on Wednesday broke ground on a VND59 trillion ($2.24 billion) international university township in Ho Chi Minh City.
Real Estate - Thu, April 30, 2026 | 12:38 pm GMT+7
Chinese firm Livzon secures control of Vietnam’s pharma giant Imexpharm in $228 mln deal
Lian SGP Holding Pte. Ltd., a Singapore-based entity wholly owned by China’s Livzon Pharmaceutical Group Inc., has acquired a controlling stake in Vietnam’s pharma giant Imexpharm (HoSE: IMP) following a public tender offer.
Companies - Thu, April 30, 2026 | 12:22 pm GMT+7
Sun Group partners with Keppel to drive green transition across tourist places
Vietnam’s leading real estate developer Sun Group has signed a strategic partnership with Keppel EaaS Vietnam, part of Singapore’s Keppel Ltd., to accelerate energy optimization and decarbonization across its tourism destinations.
Real Estate - Thu, April 30, 2026 | 10:42 am GMT+7
'Shark Hung' unexpectedly resigns from real estate brokerage Cen Land ahead of AGM
Pham Thanh Hung, widely known as “Shark Hung”, has stepped down from the board of directors at Century Real Estate JSC (Cen Land) - a major Vietnamese real estate brokerage, citing "personal plans".
Companies - Thu, April 30, 2026 | 10:32 am GMT+7
