Vietnam's benchmark VN-Index surpasses 1,600 points

An unprecedentedly high inflow of cash into Vietnam's stock market drove the VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), to reach the 1,600-point threshold on Monday morning.

After a robust trading week, the HoSE recorded continued rallies on Monday morning. The index continued to reach a new high - 1,600.41 points, up 15.46 from last Friday.

Cash flow tends to flow strongly into stocks with growth potential.

Green almost covered the entire major bourse with 220 stocks gaining, more than double the number of declining stocks. However, differentiation occurred in each industry group.

As for the "king" group, many stocks increased in price such as MBB, EIB, VIB, SHB, VCB, BID or VAB, even at times hitting the ceiling; while TPB, STB, OCB, CTG, and NAB plunged.

The situation was similar with the real estate or securities groups, but the number of gaining stocks overwhelming. In particular, a series of real estate stocks such as PDR, QCG, LGL, HPX, and SGR surged.

Notably, the public investment group recorded a strong increase led by CII (Ho Chi Minh City Infrastructure Investment JSC) and HHV (Deo Ca Transport Infrastructure Investment JSC).

In particular, CII was one of the stocks with the strongest rise in the previous trading week and the Monday session was the third consecutive session hitting the ceiling.

In addition, the MSN (Masan Group) group was a bright spot in the market. MSN hit the ceiling price of VND82,000 ($3.13) a share, with 22.6 million units changing hands and over 1.4 million units not being able to find sellers even at the ceiling price. Other stocks such as MSR (Masan High-Tech Materials), MCH (Masan Consumer), and MML (Masan MEATLife) increased by 1.5-3%.

At the same time, the transaction value continued to increase, reaching nearly VND24,424 billion ($931.26 million) in the morning session alone. More money is pouring into the stock market than ever, with more and more trading sessions of VND40,000 billion ($1.53 billion) each appearing.

Rong Viet Securities Company assesses that liquidity is the key factor supporting the market, with capital flows tending to continue circulating strongly into stocks with growth potential.

"Therefore, investors should maintain a high proportion of listed stock assets, especially those of enterprises with the ability to expand their operations and good inflation resistance," the broker commented.

Another broker SSI expects the VN-Index to reach the 1,750-1,800 range in 2026. The driving force will come from the steady recovery of profit growth given the recovery momentum of the real estate market and public investment, the favorable interest rate environment, and concerns about tariff risks gradually easing, it noted.

The broker expects that the local stock market status will be upgraded to "emerging" by FTSE Russell in October 2025. This event could help attract capital flows of about $1 billion from ETFs.

Observations from other markets show that the market often has positive developments in the period before having its status upgraded, thanks to expectations of increased foreign capital flows and a marked improvement in investor sentiment.

"This will be one of the important supporting factors for the Vietnamese market in the second half of 2025," SSI added.