Vietnam's VN-Index Tests 1,900 Points After Long Holiday Break

Following an extended holiday period, Vietnam's stock market is poised for a critical test as the VN-Index hovers near the significant 1,900-point psychological barrier. The market reopened on May 4th, 2026, after the April 30th and May 1st holidays, with investors exhibiting a degree of caution. While the VN-Index saw some positive movement in the preceding trading days before the break, the return to trading has been marked by increased profit-taking, particularly in large-cap stocks within the real estate and banking sectors. This has resulted in a period of consolidation, with the index remaining largely flat compared to the previous week.

“

Thống kê 10 năm cho thấy VN-Index có xu hướng tăng trong 6/10 tuần sau kỳ nghỉ lễ 30-4 và 1-5, với mức tăng trung bình khoảng 2,4% ở các năm tích cực.

Historical data suggests a tendency for the VN-Index to trend upwards in the weeks following this particular holiday. However, market analysts are advising a measured approach. Mr. Huỳnh Anh Huy from Kafi Securities notes that while the market maintains an upward trend and approaches the 1,880-1,900 point resistance zone, the potential for profit-taking at these highs is significant. He anticipates that gains may not be uniform across all sectors, emphasizing the need for selective investment. The first quarter 2026 earnings reports, showing robust growth in sectors like technology and fertilizers, are providing a foundation for selective capital inflow.

“

Năm nay, thị trường vẫn duy trì xu hướng tăng và đang tiến sát vùng kháng cự 1.880-1.900 điểm.

Looking ahead, the VN-Index is expected to face volatility as it attempts to break through the 1,900-point mark. Mr. Nguyễn Trọng Đình Tâm of Thiên Việt Securities suggests that the market will likely continue to move within a broad sideways range. He advises investors to focus on identifying where capital is flowing, rather than solely on index predictions, as market differentiation becomes more pronounced. Stocks with solid fundamentals and clear growth narratives are expected to outperform. Investment strategies should prioritize holding low-cost positions in stocks maintaining short-term upward trends, while those with high cash reserves can consider phased deployments during market dips. Sectors like banking, steel, and retail are highlighted for potential growth.

“

Thị trường nhiều khả năng tiếp tục vận động trong trạng thái đi ngang với biên độ rộng.