VN-Index rebounds strongly: Are investment opportunities still available?
The VN-Index has seen a strong recovery, but capital flow remains dispersed, and there are still plenty of investment opportunities in sectors that have yet to bounce back, such as seafood, textiles, and securities.
Since the U.S. tariff-related news in early April, the market has rebounded sharply, with the VN-Index climbing from 1,160 to over 1,300 points.
Given this rally, many experts are advising investors to proceed with caution in the near term, as a significant correction could occur before any further upward movement.

VN-Index gained 18 points on May 26, 2025 to close at 1,332, with liquidity exceeding VND23 trillion ($887.6 million). Photo by The Investor/My Ha.
On Monday, the market opened cautiously. In the derivatives market, the VN30F2506 briefly hit the floor at 1,308.1 points before rebounding. Similarly, the VN-Index in the spot market dropped as much as 25 points at one point, falling below the 1,300 mark.
However, by the end of the session, the VN-Index gained 18 points to close at 1,332, with liquidity exceeding VND23 trillion ($887.6 million). Gains were broad-based, with 253 stocks rising and only 72 declining. The HNX-Index rose 3 points to 219.41, while the UPCoM-Index added 1.12 points to reach 97.34.
In the derivatives market, futures contracts VN30F2506, VN30F2509, and VN30F2512 all closed in the green, posting gains of 9.2 to 11.8 points.
These sharp fluctuations have left many investors feeling uncertain. Speaking with The Investor, Nguyen The Minh, director of research and development for individual clients at Yuanta Securities Vietnam, noted that the market has been flashing risk warning signals in recent weeks.
He advised investors not to make hasty moves or panic-sell, as seen in the Monday session. While the current uptrend remains intact, the risks haven’t disappeared. He recommends using this recovery as an opportunity to lock in some profits rather than aggressively buying or selling.
Which sectors offer investment opportunities
On the Monday episode of Café cùng chứng (Coffee with stocks), Pham Luu Hung, chief economist at SSI Securities Corporation, said the VN-Index has rebounded significantly and is nearing pre-tariff announcement levels.
He pointed out that large-cap stocks in the Vingroup group such as VIC, VHM and VPL were major contributors to this recovery. Without their performance, the VN-Index might have dipped further.
Nevertheless, the SSI analyst believes that Vietnamese stock valuations remain below their five-year averages. As a result, current market conditions still offer reasonable investment opportunities.
“While caution is advised after such gains, it's clear that the VN-Index remains at relatively low levels, and there's still room for investment,” added Hung.
In terms of sector outlook, Hung said the real estate sector was the top performer last week, although its momentum is fading. In contrast, banking stocks continue to attract capital and are suitable for medium- to long-term investors. Fertilizer stocks also warrant attention due to their attractive valuations.
The current most significant event is the ongoing working session of Vietnam’s National Assembly, the country's legislative body (held in two phases May 5-29 and June 11-30). Hung said he expects many legal documents approved or discussed to have implications for various sectors.
Other key influences include developments in the U.S. market, such as Nvidia’s earnings, the April U.S. PCE index, and the upcoming Federal Reserve policy meeting. Additionally, the MSCI May portfolio rebalancing on Friday, May 30, and the release of Vietnam's domestic macroeconomic data for May could also impact investor sentiment.
Hung also warned about potential tariff risks. He referenced President Donald Trump’s remark about possibly announcing new tariffs within two to three weeks, without negotiating with all affected countries, as there is not enough time.
Such an announcement could come this week, he said, urging investors to brace for unexpected developments. Accordingly, Hung suggests maintaining a stock allocation of 70-80% and reducing short-term holdings to below 50% if the VN-Index falls below the critical support range of 1,260-1,270.
Nguyen The Minh added that capital flow is currently fragmented across sectors. While real estate stocks have surged, many others have underperformed due to tariff concerns - such as seafood, textiles, and industrial park real estate. Securities stocks and many stocks of the banking sector have also yet to see significant recovery.
“There are still plenty of opportunities - it all depends on which scenario the market follows,” said Minh.
“There is still a risk that the VN-Index could break below the 1,300-1,330 range. To manage this, it’s best to maintain a moderate stock allocation - around 60%.
“I expect the index to fluctuate within this range, so it’s not the time to increase exposure. If the VN-Index breaks below this range, reduce holdings. If it breaks above, then consider adding. The focus should be on sectors that haven’t yet seen a significant rebound,” Minh concluded.
- Read More
Vietnam's registered FDI tops $21 bln in H1, highest in 16 years
Registered foreign direct investment (FDI) in Vietnam hit over $21.51 billion in the first half of the year, up 32.6% and a record high since 2009, while disbursed capital reached $11.72 billion, up 8.1%.
Economy - Fri, July 4, 2025 | 8:50 pm GMT+7
Gemadept’s southern Vietnam port receives mega container ships
Within just over two years of trial operations (from March 2023 to May 2025), Gemalink Port of Vietnamese logistics giant Gemadept in Ba Ria-Vung Tau has safely received 70 container vessels of over 200,000 DWT (up to 232,494.5 DWT) under partially loaded conditions.
Companies - Fri, July 4, 2025 | 4:54 pm GMT+7
Agro-forestry-fisheries exports near $34 bln in H1
Vietnam’s agro-forestry-fisheries exports hit $33.84 billion in the first half of 2025, marking a 15.5% increase year-on-year.
Economy - Fri, July 4, 2025 | 3:36 pm GMT+7
Malaysia’s data center operators struggle due to power cost hike
Malaysia’s data center sector is projected to grow at a 22% CAGR from 2023 to 2029 due to cost competitiveness, skilled workforce, and a robust digital ecosystem, according to a report by global investment bank ARC Group.
Southeast Asia - Fri, July 4, 2025 | 3:23 pm GMT+7
Tetra Pak inaugurates expanded aseptic packaging plant in southern Vietnam
Swedish food processing and packaging giant Tetra Pak has inaugurated the second phase worth EUR97 million of its aseptic packaging plant located in the VSIP II-A Industrial Park in Ho Chi Minh City, bringing the total investment to EUR217 million.
Companies - Fri, July 4, 2025 | 3:16 pm GMT+7
Vietnam Prime Minister requests early removal of credit growth limits
Prime Minister Pham Minh Chinh on Thursday instructed Vietnam's central bank to urgently consider removing the administrative tool of setting credit growth quotas for individual banks, and shift toward a market-based control mechanism.
Banking - Fri, July 4, 2025 | 3:14 pm GMT+7
Vietnam GDP growth hits 7.3% in H1, highest in 17 years: Minister
Vietnam’s GDP is expected to increase by 7.3% in the first half of this year, the highest level since 2008, said Minister of Finance Nguyen Van Thang.
Economy - Fri, July 4, 2025 | 2:31 pm GMT+7
Vietnam’s realty market may soon shift from undersupply to oversupply: experts
The real estate market in Vietnam will soon face oversupply, a reversal of the supply shortage seen in recent years, according to economist Dr. Le Xuan Nghia.
Real Estate - Fri, July 4, 2025 | 11:29 am GMT+7
Vietnam’s benchmark VN-Index likely to reach 1,500 points on new US tariff: broker
The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), may reach 1,500 points in the coming time as the tariff agreement reached with the U.S. is expected to boost investor sentiment, according to Maybank Securities Vietnam (MSVN).
Finance - Fri, July 4, 2025 | 8:38 am GMT+7
Chinese materials major Kingfa on track to complete $80 mln plant in southern Vietnam
Kingfa, China’s leading advanced materials company, on Wednesday held a topping-out ceremony for its $80 million plant in Dong Nai province, a key industrial hub in southern Vietnam.
Industries - Fri, July 4, 2025 | 8:23 am GMT+7
Vietnam’s stock market expects upgrading in September
The State Securities Commission (SSC) is working intensively with ministries and stakeholders to settle remaining issues and improve foreign investor access, a critical step ahead of the expected review in September, Deputy Finance Minister Nguyen Duc Chi said at his ministry's (MoF) press meeting on Wednesday.
Finance - Thu, July 3, 2025 | 9:23 pm GMT+7
Vietnam's construction giant Coteccons plans $53 mln bond issue
Vietnamese construction giant Coteccons (HoSE: CTD) plans to issue bonds worth up to VND1.4 trillion ($53.45 million) to the public this year as part of its 2025 capital mobilization plan, according to a company release.
Companies - Thu, July 3, 2025 | 8:12 pm GMT+7
Over $534 mln needed for central Vietnam city’s seaport infrastructure
Hue city in central Vietnam needs about VND14.05 trillion ($534.24 million) in investment for its seaport system during the 2021-2030 span, with approximately VND12.79 trillion ($488.05 million) for wharves.
Infrastructure - Thu, July 3, 2025 | 4:24 pm GMT+7
Ca Na LNG-fueled power project in central Vietnam extends bidding deadline
The bidding deadline for the Ca Na LNG-to-power project in south-central Vietnam's Khanh Hoa province has been extended to 2 p.m. on July 19, 2025.
Energy - Thu, July 3, 2025 | 4:06 pm GMT+7
USD price in Vietnam hits new peak as US, Vietnam reach agreement on trade deal framework
Vietnamese banks on Thursday raised the USD price to the central bank-regulated ceiling of VND26,345, 3.1% higher than at the beginning of the year.
Banking - Thu, July 3, 2025 | 3:47 pm GMT+7
Vietnam inaugurates first paper-based food packaging line
The first paper-based food packaging line in Vietnam applying Tetra Recart® technology was officially inaugurated in Son La province on Wednesday by Vietnam’s leading supplier of processed food, Dong Giao Foodstuff Export JSC (Doveco), and Sweden's Tetra Pak Group.
Companies - Thu, July 3, 2025 | 2:29 pm GMT+7
- Consulting
-
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
-
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
-
AI can be a game changer for Vietnam tourism
-
In trade and investment, ASEAN and China are better together
-
Investment opportunities in LNG-to-power projects in Vietnam
-
Pepper prices 2024: will the dream of 'black gold' repeat?