After reaching a new peak, Vietnam’s stock market has retraced and is now seeking equilibrium. Speaking at the 2026 Business Forum themed “New Growth Spaces: Opportunities and Strategies,” organized by BizLive on October 22, Mr. Nguyen Viet Duc, Digital Business Director at VPBankS, attributed the recent short-term market correction to profit-taking by investors following substantial gains since early 2025.
Since the beginning of 2025, Vietnam’s stock market has surged over 30%, ranking among the world’s top two performers. Mr. Duc identified two scenarios warranting concern: (1) excessive overheating driving valuations to unsustainable levels; and (2) disruptive “collapse” events. “Absent these scenarios, corrections represent opportunities,” he emphasized.
Currently, no indicators suggest the emergence of these risks. According to VPBankS experts, the forward P/E ratio remains at 12x, 20-30% below other emerging markets, maintaining Vietnam’s attractiveness for investors. Recent market declines have already prompted renewed foreign inflows.
For 2026, robust economic growth expectations point to a projected 15% market expansion. However, investors should temper excessive optimism. “Historically, 30%+ annual gains are typically short-lived, with markets reverting to mean growth rates,” Mr. Duc noted.
Over the medium term, Vietnam’s market fundamentals remain solid, supported by 8-10% GDP growth and 3% inflation, sustaining 13-15% annual equity returns. “While profit-taking could trigger a 5% pullback, such dips create entry points for long-term investors,” he added.
Post-upgrade, VPBankS estimates $1.6-2.0 billion in passive fund inflows, with an additional $5-6 billion from active strategies deploying capital at opportune valuations.
Bank Stocks Braced for Potential Sell-Off as Whales Eye $10 Billion Exit in October
ETF fund groups will initiate portfolio rebalancing starting from October 27th, culminating on the final restructuring date of October 31st.
Top Global Funds with Trillions in Assets Eye Vietnamese Stock Market Post-Upgrade
Following the announcement of Vietnam’s market upgrade, there has been a significant surge in interest from both passive and active fund investors who previously had not focused on the country. Many are now actively seeking to explore opportunities within the Vietnamese market.
Viettel’s Affiliated Stocks Shine in Friday’s Session as VN-Index Drops Nearly 4 Points
Profit-taking pressure intensified, coupled with aggressive net selling by foreign investors, causing the VN-Index to drop nearly 4 points in the final session of the week. Bucking the market trend, Viettel-related stocks such as CTR, VTP, VGI, and VTK surged dramatically.
Unprecedented Milestone: Stock Group Achieves Record-Breaking $810 Million Pre-Tax Profit in Q3
The third quarter of 2025 marks a historic milestone as the stock market’s profits surged by 171%, fueled by vibrant liquidity and record-high margin debt levels.
Profits Surge Over 7,100%: Company Sets New Stock Market Record
After six months of implementing a comprehensive restructuring plan, OCBS Securities Corporation (OCBS) has unveiled its Q3 2025 business results, delivering a remarkable surprise. Key financial and operational metrics have surged dramatically, marking a pivotal milestone in OCBS’s transformation into a leading Investment Banking and Asset Management powerhouse.
