VN-Index Surges Near 1,700 Points as Billionaire Pham Nhat Vuong Joins the World’s Top 98 Wealthiest Individuals

Closing the final trading session of November 2025, the VN-Index rose by 6.67 points, or 0.40%, to 1,690.99 points—its highest level in nearly a month. The upward momentum was primarily seen in the last 30 minutes of the session, after the index had dipped to around 1,680 points due to strong selling pressure.

Despite the index’s gain, the overall market sentiment was mixed, with a clear “green on the outside, red on the inside” dynamic. On the HoSE, 185 stocks declined, outpacing the 106 that advanced and 74 that remained unchanged.

Liquidity waned as investors grew cautious near the 1,700-point resistance level, where the VN-Index has historically faced significant profit-taking pressure.

The index’s resilience was largely driven by large-cap stocks, particularly VIC. Vingroup’s shares surged 5%, contributing 10.74 points—nearly double the VN-Index’s overall gain—and emerged as the market’s standout performer. VPL and VNM also provided support, adding 2.22 and 0.94 points, respectively.

Conversely, several blue-chip stocks weighed on the market. VCB, FPT, GEE, BID, and HPG collectively dragged the index down by over 5.5 points. The market’s heatmap showed a sea of red across financial, industrial, and basic materials sectors, with only a few bright spots in real estate and consumer stocks.

Liquidity on the HoSE totaled just over 617 million shares, valued at approximately VND 20,749 billion—a slight decrease from the previous session. Trading was concentrated in large-cap stocks, while mid-cap and penny stocks remained subdued. This suggests investors are prioritizing safety and awaiting clearer signals before the strong resistance level.

Foreign investors returned to net buying, with inflows of over VND 334 billion following the previous session’s sell-off. Key net buys included VNM (VND 241 billion), VIC (VND 128.7 billion), and VIX (over VND 106 billion), along with VPB, PVD, CII, VPL, CTG, and HAG. Conversely, FPT and VCB saw the heaviest net selling, at VND 133 billion and VND 127 billion, respectively, while MSN, VJC, and ACB also recorded net outflows exceeding VND 50 billion each.

Sector-wise, real estate stocks stood out with a 2.33% gain, making it the only sector to maintain a clear green hue as several stocks rebounded from deep declines. Technology, finance, and industrial stocks fell, while energy and consumer stocks edged up slightly but lacked market-moving power.

Profit-taking pressure intensified as the VN-Index approached the 1,700-point threshold. Analysts suggest the market needs more time to consolidate before breaking through this strong resistance level.

The spotlight of the November 28 session was on VIC, Vingroup’s flagship stock. It marked its 10th consecutive trading day of gains, climbing to an all-time high of VND 260,400—the highest level in its history. Since the start of 2025, VIC has surged nearly 6.5 times, making it the top performer among large-cap stocks.

VIC’s meteoric rise propelled Vingroup’s market capitalization past the VND 1,000 trillion milestone, making it the first private enterprise in Vietnam to achieve this feat. Vingroup’s market cap is now double that of Vietcombank, the second-largest company, and equivalent to the combined capitalization of Vietcombank, BIDV, and VietinBank.

Meanwhile, Vingroup Chairman Pham Nhat Vuong’s wealth surged in tandem with the stock price. Real-time data from Forbes shows his net worth reached USD 23.3 billion, increasing by nearly USD 1 billion in a single day, placing him among the world’s 98 wealthiest individuals.