Vietnam’s stock market witnessed a strong performance during the week of May 12-16, with consecutive gains from the 1,270 level to nearly 1,320 at the start of the week. Large-cap stocks, led by banks, were the main drivers of the overall market’s upward momentum. The highlight of the week was the listing of VPL – Vinpearl on the HoSE exchange, which subsequently saw three consecutive sessions of surging to the ceiling price. However, selling pressure at higher levels caused the VN-Index to retreat in the last two sessions. By the week’s end, the VN-Index had climbed 34.09 points (+2.69%) from the previous week to close at 1,301.39.
In terms of foreign investment, there was a surprising shift as foreign investors turned net buyers in multiple sessions, particularly on May 14, with a total net value of nearly VND 2,200 billion. Overall, foreign investors purchased a net amount of VND 2,871 billion on the market during the five sessions, marking the third week of net buying in the Vietnamese stock market this year.
Analyzing the performance on individual exchanges, foreign investors net bought VND 2,911 billion on the HoSE, net sold VND 9 billion on the HNX, and net sold VND 30 billion on the UPCoM.
Looking at individual stock performance, foreign investors showed a positive trading trend in many bank and retail stocks. MBB took the lead in net buying with a value of VND 1,090.2 billion, far surpassing other stocks. MWG and FPT followed closely, with net buying values of VND 884.5 billion and VND 875.6 billion, respectively. Foreign capital also flowed strongly into PNJ (VND 506.9 billion), VPB (VND 425.8 billion), and CTG (VND 375.5 billion). Additionally, stocks such as SHB, NLG, HSG, BID, DXG, and GVR also witnessed notable net buying.
On the other hand, VHM experienced the highest net selling value of VND 1,084.6 billion for the week. VCB (VND 676.8 billion) and VRE (VND 382.5 billion) also witnessed notable net selling, indicating that the pressure on real estate stocks remained high. Additionally, stocks such as STB (VND 251.2 billion), GEX (VND 250.4 billion), MSN (VND 219.7 billion), and VNM (VND 167.4 billion) were among the top net sold stocks. SSI, HDB, DGC, VJC, and CTD also experienced capital outflows, although at lower values ranging from VND 43 billion to VND 105 billion.
Vice-Premier: Vietnam’s Real Estate Price Growth Among the Highest in the World… A Troubling Reality
The soaring property prices in Vietnam paint a concerning picture. Various studies indicate that the country’s real estate price growth is among the highest globally, while home affordability for locals is declining. This discrepancy warrants attention and highlights a pressing issue.
The US Spends Almost $3 Billion on a Vietnamese Commodity: Vietnam’s Exports to the World Rank 2nd Globally, with Orders from Over 150 Countries.
The export of this product to the US market has garnered an impressive $3 billion in the first quarter, with the US being a longstanding and trusted trade partner for Vietnam in this particular industry.
The New Era of Trade: Vietnam-US Negotiations for a Reciprocal Trade Agreement
The two parties have reached a strong consensus on principles, approaches, content orientation, and negotiation plans. This lays a solid foundation for future negotiation sessions to yield positive outcomes.
The First Direct Ministerial-Level Talks Between Vietnam and the United States.
United States Trade Representative (USTR) Jamieson Greer applauded Vietnam’s proactive efforts and goodwill in actively preparing for bilateral negotiations. He expressed agreement with Vietnam’s approach and proposals.
“The Fast Track to a High-Income Vietnam by 2045: Embracing Science, Technology, Innovation, and Digital Transformation.”
“Vietnam has every reason to be proud of its significant contributions in the fields of science, technology, and innovation, which have played a pivotal role in the country’s defense, development, and growth. From innovative solutions on the battlefield and grand construction projects to ensuring food security, vaccine production, and groundbreaking international scientific research, Vietnam has made remarkable strides in the Global Innovation Index and continues to forge ahead with determination and a spirit of ingenuity.”
