HANOI – October 21, 2025 – The Vietnamese stock market experienced a powerful rally today, with the VN-Index surging 27 points to close at 1,663.43, driven by a massive inflow of foreign capital and strong performance from blue-chip stocks. Total trading value on the Ho Chi Minh Stock Exchange (HoSE) was a robust nearly 48 trillion Vietnamese dong (VND).
The market’s momentum was significantly amplified by an unexpected buying spree from foreign investors, who were net purchasers of nearly 2.4 trillion VND (approximately $98 million). This major foreign capital injection, particularly into key stocks like FPT, SSI, TCX, HPG, and GEX, signaled strong institutional confidence following recent market corrections.
Blue-Chips and Vingroup Stocks Lead the Charge
The dramatic uptick was concentrated in the benchmark VN30 Index, which jumped an impressive 45 pointswith 26 out of 30 component stocks recording gains.
- FPT and HDB (HDBank) were highlights, both hitting their daily ceiling price. FPT surged to 93,000 VND per share on volume of over 19.5 million units, while HDB rose to 32,350 VND per share with nearly 24.5 million shares traded.
- Stocks associated with billionaire Pham Nhat Vuong—Vietnam’s richest man and founder of Vingroup—provided major support. VIC (Vingroup) was the biggest contributor, increasing 4.36% and adding over 7 points to the VN-Index. VHM (Vinhomes) followed, rising 2.69% and contributing nearly 2 points to the overall index gain. VRE and VPL also saw gains.
Sectoral Disparity: Real Estate Under Pressure
Despite the broad-based rally in the VN30, the market showed signs of rotation and continued sectoral stress:
Negative Drag: MSN (Masan Group) was the largest negative influence on the index, falling 4.67% to 78,000 VND per unit. Other minor declines were seen in stocks like GAS, TCB, and VCB.
Real Estate Correction: The broader real estate sector remains under significant pressure, with many stocks continuing to see sharp adjustments, including multiple tickers hitting their daily floor price, such as DXS, SCR, CRV, and NVL.
Today’s session underscores the market’s reliance on large-cap, high-liquidity stocks and foreign capital flow. The simultaneous surge in blue-chips and large net foreign buying suggests the market may be attempting to establish a new floor after its recent volatility, with foreign investors taking advantage of corrected valuations in market leaders.
