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🇻🇳 Vietnam /Economy & Trade

Vietnam’s VN-Index Faces Test of Rally After Holiday Break

From Tuổi Trẻ · () Vietnamese

Translated from Vietnamese and summarized by DistantNews. Read the original for the full story.

At a glance

Analysis Named sources Context piece
  • The VN-Index rose 64 points, or 3.62%, to 1,832.12 before the holiday, with analysts watching resistance around 1,840-1,850.
  • Foreign investors switched to net buying, but market liquidity did not rise in proportion to the index and the VIC group accounted for 53 of the 64 points gained.
  • Analysts expect possible support from about $1.5 billion in passive FTSE fund inflows between September 2026 and September 2027, while advising investors to avoid chasing prices near resistance.

The VN-Index enters the post-holiday period with a strong recent advance, but the market’s next move may depend on whether money spreads beyond a small group of large-cap stocks. Analysts see 1,840 to 1,850 points as the nearest test, with support around 1,810 to 1,820.

Vietcap Securities said the index retained a positive signal after a steady rise in the week before the holiday. Rong Viet Securities recorded a 64-point, or 3.62%, gain to 1,832.12. Trading remained active, while foreign investors turned to net buying, suggesting stronger demand was absorbing profit-taking pressure.

The technical picture also improved. Rong Viet said the index recovered its 20-week moving average at 1,821 and moved further above its 10-week and 50-week averages. That could open a path toward resistance between 1,860 and 1,890 points. Kafi Securities, however, said upward momentum had begun to slow because the advance depended heavily on leading stocks. It identified 1,830 to 1,850 as a zone the index could continue testing and 1,800 to 1,810 as nearby support.

The momentum of the increase is slowing as the advance depends heavily on leading stocks.

· Kafi SecuritiesThe brokerage warned that the market rally remained concentrated.

BIDV Securities said liquidity had not grown in line with the index. Stocks in the VIC group contributed 53 of the market’s 64-point gain during the previous week, highlighting the concentration in a few large-cap names. Foreign investors bought a net $37 million, reversing a $104 million net sale the week before. Rong Viet put net foreign purchases across the market at 1.049 trillion dong, focused on TCB, FPT, VIC, VPB and HPG.

Analyst Le Nhat Quang of Tien Phong Securities said estimates from reputable institutions pointed to about $1.5 billion in passive FTSE fund inflows into Vietnam. The allocation is expected to take place in four phases from September 2026 through September 2027, with roughly 10%, or $150 million, expected in September 2026. Analysts advised investors to hold leading stocks, avoid chasing prices near resistance and add positions gradually during market corrections.

About $1.5 billion in passive capital is expected to enter the Vietnamese market through FTSE passive funds.

· Le Nhat QuangThe Tien Phong Securities analyst discussed potential inflows linked to market reclassification.
About this summary

Originally published by Tuổi Trẻ in Vietnamese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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