VN-Index records strongest rise in a month
Vietnam's benchmark VN-Index rose 19.69 points, or 1.59%, to 1,258.95 on Tuesday, the strongest gain since August 16, thanks to the rallies of real estate, securities and banking stocks.
The VN-Index on September 17, 2024 marks the strongest increase in a month. Photo by The Investor/Trong Hieu.
The Ho Chi Minh Stock Exchange (HoSE), represented by the VN-Index, saw 312 tickers rising and only 88 declining, with trading value mostly unchanged from the previous session at VND13.53 trillion ($549 million).
The VN-30 basket, comprising 30 largest capped stocks, saw up to 29 tickers gained.
VHM of property giant Vinhomes took the lead with a 5.4% rise, followed by VRE of retail real estate firm Vincom Retail, up 2.6%. VCB of state-owned Vietcombank gained 2.5% and MSN of conglomerate Masan Group closed 2.2% higher.
Real estate, securities and banking were three magnets to the cash flow, with almost all stocks in the green.
In the real estate group, NVL of Novaland showed not very positive performance. This stock performed negatively in the morning, dropping 4.9% at a time. However, in the afternoon, demand returned, helping it close the session at VND11,200 ($0.45), unchanged from the previous session.
The above developments came after the HoSE decided to put NVL on the warning list as this company delayed publishing its audited semi-annual financial statement by more than 15 days compared to the prescribed deadline. Last week, the HoSE also put NVL on the list of stocks that are not eligible for margin trading.
Foreign investors were net buyers on the HoSE to the tune of VND524 billion ($21.27 million). They net purchased VHM and FPT of IT giant FPT Corporation.
The HNX-Index on the Hanoi Stock Exchange, home to mid and small caps, rose 0.63%, while the UPCoM-Index on the Unlisted Public Companies Market went up 0.59%.
- Related News
- Read More
Samsung pledges support to help Vietnamese firms join its supply chain
Samsung Electronics Vietnam is willing to support more Vietnamese companies in joining its supply chain, as local businesses and authorities seek to deepen integration with foreign-invested manufacturers.
Companies - Fri, July 10, 2026 | 5:02 pm GMT+7
Vietnam bank deposit rates hit 9%: Is the race to mobilize capital heating up again?
Vietnamese banks have largely kept publicly listed deposit rates unchanged, but many are quietly offering significantly higher returns to priority customers and large depositors as competition for funding intensifies amid robust credit growth.
Banking - Fri, July 10, 2026 | 4:42 pm GMT+7
Becamex sets up subsidiary to advance $176 mln industrial park project in central Vietnam
The VND4.63 trillion ($176.13 million) Ninh Xuan 1 Industrial Park, located in the south-central province of Khanh Hoa, has reached a new milestone as Becamex IDC, one of Vietnam’s largest industrial real estate developers, decided to establish a wholly owned subsidiary to push the project.
Companies - Fri, July 10, 2026 | 2:31 pm GMT+7
Trungnam Group triples investment for urban area project in central Vietnam
The Golden Hills City project, developed by Vietnam’s multi-sector Trungnam Group, has been approved by authorities in the central city of Danang to increase its total investment from VND4.4 trillion to nearly VND15.5 trillion ($589.6 million).
Real Estate - Fri, July 10, 2026 | 11:14 am GMT+7
Vietnam's leading developer Sun Group, Accor elevate strategic partnership
Sun Group and Accor have signed an agreement to elevate their decade-long strategic partnership, adding nearly 6,000 premium hotel rooms and serviced apartments across Phu Quoc island and Danang city to their cooperation portfolio.
Companies - Fri, July 10, 2026 | 10:39 am GMT+7
Samsung Display ultra-thin glass supplier breaks ground on second plant in northern Vietnam
South Korea's Dowooinsys Vina, a subsidiary of NP Group, has begun construction of its second manufacturing plant in Thai Nguyen province, expanding production capacity for ultra-thin glass (UTG) used in Samsung Display's foldable smartphone panels.
Investing - Fri, July 10, 2026 | 8:17 am GMT+7
From Phu Quoc to Sa Pa: Why Vietnam’s tourism accelerating in Southeast Asia
Leading U.S. business magazine Fortune has described Vietnam as an emerging tourism “hot spot” in Southeast Asia, driven by the strong rise of destinations such as Phu Quoc and Sa Pa.
Travel - Thu, July 9, 2026 | 11:09 pm GMT+7
VietinBank seeks to divest entire stake in Hai Phong Port via public auction
VietinBank (HoSE: CTG) plans to divest its entire stake in state-controlled Hai Phong Port (UPCoM: PHP) through a public auction on the Hanoi Stock Exchange (HNX), potentially raising nearly VND278 billion ($10.57 million).
Companies - Thu, July 9, 2026 | 5:10 pm GMT+7
Starlink begins taking orders in Vietnam, first-year service costs $1,190
Starlink, the satellite internet service operated by Elon Musk’s SpaceX, has released pricing and started accepting orders in Vietnam, with first-year costs estimated at about VND31.4 million ($1,190).
Companies - Thu, July 9, 2026 | 4:09 pm GMT+7
Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing
Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), has entered into a strategic partnership with South Korea’s GB Innovation (GBI) to process Korean tungsten concentrate into higher-value products in Vietnam, strengthening a non-Chinese tungsten supply chain.
Companies - Thu, July 9, 2026 | 3:51 pm GMT+7
Idemitsu Kosan expands energy ecosystem in Vietnam
After more than three decades of operations in Vietnam, Japan’s Idemitsu Kosan is further expanding its energy ecosystem with a biomass pellet plant project in the central province of Gia Lai.
Industries - Thu, July 9, 2026 | 1:43 pm GMT+7
Two banks to list on Ho Chi Minh City bourse, expand charter capital
Vietnam's private banks Vietbank and BVBank are finalizing the last steps to transfer their trading from the unlisted public company market UPCoM to the Ho Chi Minh Stock Exchange (HoSE), while simultaneously implementing plans to increase their charter capital.
Banking - Thu, July 9, 2026 | 11:51 am GMT+7
Strong Q2 earnings, lower interest rates to bolster Vietnam stocks
Strong second-quarter corporate earnings and declining interest rates are expected to support Vietnam's stock market in the coming months, brokerage firms said, as the market moves beyond a period of limited news flow and enters a more favorable phase driven by improving fundamentals.
Finance - Thu, July 9, 2026 | 8:00 am GMT+7
Wistron raises construction, equipment investment in northern Vietnam province to $178 mln
Taiwanese technology firm Wistron has increased its investment in factory construction and equipment in Ninh Binh province to $178.27 million, adding $24.5 million to expand its facilities at Kim Bang Industrial Park.
Industries - Wed, July 8, 2026 | 7:56 pm GMT+7
Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year
Vietnam's leading developer Sun Group aims to begin construction of two urban projects worth a combined VND16.4 trillion ($623.78 million) in the central province of Quang Ngai by the end of 2026, while also advancing plans for a new expressway linking the province with the Central Highlands.
Real Estate - Wed, July 8, 2026 | 4:54 pm GMT+7
Vietnam raises airport number target to 36 by 2030 as aviation demand surges
Vietnam plans to expand its airport network to 36 airports by 2030, up from the previous target of 30, under a revised national aviation infrastructure plan aimed at catering for rising passenger demand and boosting regional connectivity.
Infrastructure - Wed, July 8, 2026 | 4:45 pm GMT+7
