VN-Index back in the green as real estate stocks rally
Many major real estate stocks rallied Tuesday, helping Vietnam’s benchmark VN-Index rebound into the green.
The HCMC Stock Exchange saw 306 gainers and 144 losers on October 18, 2022. Photo courtesy of The Investor/Gia Huy.
NVL of Novaland Group, VHM of Vinhomes and PDR of Phat Dat Real Estate Development JSC were in the red after at-the-open (ATO), but attracted cash flows later to close in the green.
The positive development spread from large-cap to small- and medium-cap real estate stocks, with LDG of Long Dien Group, DIG of Construction Investment and Development JSC, and CII of HCMC Infrastructure JSC hitting their ceiling prices, without sellers.
SCR of Sai Gon Thuong Tin Real Estate JSC and DXG of Dat Xanh Group gained over 6%.
In addition to real estate stocks, banking, consumer goods and airline groups also did well, spurring the VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), to gain more than 12 points and close above 1,063 points, the highest level in two weeks. The southern bourse saw 306 gainers and 144 losers.
Cash flow into the stock market also improved when compared to the first session of the week, with a trading volume of over VND10.1 trillion ($413.25 million) on the HoSE. Real estate ranked third among groups with the most shares changing hands, after finance-banking and industry.
Despite the market gaining, the top three stocks in term of trading value - HPG of Hoa Phat Group, DGC of Duc Giang Chemicals Group and SSI of Saigon Securities Inc - were all losers.
After seven consecutive sessions of net buying, foreign investors turned net sellers Tuesday. They sold nearly VND1.27 trillion ($51.96 million) worth of shares, mainly of HPG. Their purchasing value was VND30 billion ($1.23 million) less than their selling value.
- Read More
Vietnam raises cap on short-term funding for medium- and long-term lending to 40%
The State Bank of Vietnam (SBV) will raise the maximum ratio of short-term funds that banks can use for medium- and long-term lending to 40% from July 1, easing a prudential limit that had been tightened over recent years.
Banking - Tue, June 23, 2026 | 9:18 am GMT+7
How Phu Quoc attracts travelers seeking to escape summer heat
Amid the sweltering days of summer, when urban life becomes increasingly stifling under harsh sunshine, dust, and daily pressures, Phu Quoc has become a destination of choice for families looking for a change of scenery.
Travel - Tue, June 23, 2026 | 9:02 am GMT+7
Vietnam faces rising power demand as EVN warns of fuel supply risks, climate pressures
Vietnam’s power sector is facing mounting pressure from surging electricity demand, volatile global fuel markets, and climate-related risks, prompting officials and industry executives to call for greater energy efficiency as a key pillar of the country’s energy security strategy.
Society - Tue, June 23, 2026 | 8:00 am GMT+7
Swiss company to invest over $100 mln in southern Vietnam dairy plant
Swiss Asia Partner SA, an international financial advisory and investment group headquartered in Lausanne, Switzerland, will pour more than $100 million into a dairy processing plant in the Prodezi Industrial Park in Vietnam’s southern province of Tay Ninh.
Industries - Mon, June 22, 2026 | 8:42 pm GMT+7
Masan High-Tech Materials seeks to expand tungsten mining scope around Nui Phao
Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), plans to expand exploration and mining activities around its flagship Nui Phao tungsten complex, a move that could extend the life of one of the world’s largest tungsten mines outside China by up to three decades.
Companies - Mon, June 22, 2026 | 4:23 pm GMT+7
Petrovietnam signs key oil & gas deals to bolster energy security
State-owned energy group Petrovietnam on Friday signed production sharing contracts (PSCs) for offshore Blocks 10/11 and 10&11-1, as well as a gas sales and purchase agreement (GSPA) for Phase 2B of the Su Tu Trang gas field.
Companies - Mon, June 22, 2026 | 4:01 pm GMT+7
Carlsberg Vietnam cycles for greener future in celebration of 55 years of Vietnam-Denmark relations
More than 60 employees and leaders from Carlsberg Vietnam, led by managing director Andrew Khan, joined the cycling event “Danang - Copenhagen: Green Journey Along the Han River” in the Vietnamese city on Saturday, reaffirming the company's commitment to sustainability and its belief that creating a better tomorrow starts with action today.
Companies - Mon, June 22, 2026 | 3:21 pm GMT+7
Viettel Post plans $57 mln logistics hub in northern Vietnam
Viettel Post, the courier arm of military-run telecom giant Viettel has decided to invest more than VND1.5 trillion ($57 million) in a new logistics center in Vietnam’s northern province of Hung Yen, as the company expands its infrastructure network to capitalize on growing demand for warehousing, distribution, and industrial logistics services.
Industries - Mon, June 22, 2026 | 2:54 pm GMT+7
Singapore investor wins $34 mln golf course project in central Vietnam
Singapore-registered Vina Hue G Pte. Ltd has been selected as the investor for a $34 million golf course project in the central Vietnamese city of Hue, home to the Imperial Citadel of Hue - a UNESCO-recognized heritage site.
Real Estate - Mon, June 22, 2026 | 2:18 pm GMT+7
Hanoi breaks ground on five metro lines, three rental housing projects
Hanoi on Sunday broke ground on five urban railway lines with a combined length of more than 303.5 km, alongside three rental housing projects that will add more than 8,300 apartments to the market.
Economy - Mon, June 22, 2026 | 1:05 pm GMT+7
Developers compete for industrial park projects in south-central Vietnam
Large-scale industrial park projects in Vietnam's south-central region are attracting growing interest from infrastructure developers, underscoring rising demand for industrial land as manufacturers expand beyond the country's traditional industrial hubs.
Industrial real estate - Mon, June 22, 2026 | 8:00 am GMT+7
HCMC to use prime land assets worth $889 mln to pay Masterise for two major bridge projects
Ho Chi Minh City will use prime land assets worth more than VND23.4 trillion ($889.4 million) and public funds to compensate Masterise for two major bridge projects under build-transfer (BT) contracts, according to a new decision by the city People's Council.
Infrastructure - Sun, June 21, 2026 | 3:14 pm GMT+7
2026 a ‘disaster year’ for Vietnam real estate: CEO
2026 will be a “disaster year” for Vietnam’s real estate sector, prompting Quoc Cuong Gia Lai JSC (HoSE: QCG) to adopt a cautious strategy, said Nguyen Quoc Cuong, CEO of the developer.
Companies - Sun, June 21, 2026 | 10:39 am GMT+7
EVN questions cost effectiveness of solar-plus-storage projects as Vietnam prepares new power price framework
Vietnam’s state utility EVN has urged regulators to clarify the economic and operational benefits of solar power projects equipped with battery energy storage systems (BESS), warning that the technology could raise electricity costs while delivering uncertain benefits to the national grid.
Energy - Sun, June 21, 2026 | 8:00 am GMT+7
Vietnam's largest bank by assets BIDV appoints new chairman, CEO
Vietnam's state-controlled lender BIDV (HoSE: BID) has appointed CEO Le Ngoc Lam as chairman and named Hoang Viet Hung as its new CEO in a broader management reshuffle.
Banking - Sat, June 20, 2026 | 10:36 pm GMT+7
BAF plans 4 new subsidiaries as it pursues high-rise pig farming expansion in Hanoi
BAF Vietnam Agriculture JSC (HoSE: BAF) has approved the establishment of four wholly owned subsidiaries with a combined charter capital of VND810 billion ($30.79 million), as the company advances plans for large-scale high-rise livestock farming and meat-processing projects in Hanoi.
Companies - Sat, June 20, 2026 | 2:52 pm GMT+7
