I. FUTURES CONTRACTS OF THE STOCK MARKET INDEX
I.1. Market Trends
On January 6, 2026, all VN30 futures contracts saw significant gains. Specifically, 41I1G1000 (I1G1000) rose by 1.87% to 2,062 points; 41I1G2000 (I1G2000) increased by 1.88% to 2,058 points; 41I1G3000 (I1G3000) climbed 1.84% to 2,054.5 points; and 41I1G6000 (I1G6000) surged 1.96% to 2,050 points. The underlying index, VN30-Index, closed at 2,055.96 points.
Similarly, VN100 futures contracts also experienced widespread gains. The 41I2G1000 (I2G1000) contract rose by 1.62% to 1,937 points; 41I2G2000 (I2G2000) gained 0.88% to 1,921 points; 41I2G3000 (I2G3000) advanced 1.35% to 1,930 points; and 41I2G6000 (I2G6000) increased by 1.31% to 1,914.8 points. The VN100-Index closed at 1,935.93 points.
During the January 6, 2026 session, the 41I1G1000 contract initially rallied after the ATO session but faced increasing selling pressure, causing it to retreat close to the reference level for most of the morning. In the afternoon session, buyers regained control, propelling the contract to a strong finish. Consequently, I1G1000 closed in the green at 2,062 points, up 37.9 points.
Intraday Chart of 41I1G1000
Source: https://stockchart.vietstock.vn
By the close, the basis of the I1G1000 contract reversed from the previous session, reaching 6.04 points. This shift indicates a resurgence in investor optimism.
Fluctuations of 41I1G1000 and VN30-Index
Source: VietstockFinance
Note: Basis is calculated as follows: Basis = Futures Contract Price – VN30-Index
Meanwhile, the basis of the I2G1000 contract also reversed, reaching 1.07 points, reflecting renewed investor confidence.
Fluctuations of 41I2G1000 and VN100-Index
Source: VietstockFinance
Note: Basis is calculated as follows: Basis = Futures Contract Price – VN100-Index
Trading volume and value in the derivatives market increased by 26.81% and 28.04%, respectively, compared to the January 5, 2026 session. Specifically, the trading volume of I1G1000 rose by 26.74% to 290,912 contracts. In contrast, I2G1000 trading volume dropped by 37.8% to 79 contracts.
Foreign investors continued their net buying streak, with a total net purchase of 693 contracts on January 6, 2026.
Daily Trading Volume Fluctuations in the Derivatives Market. Unit: Contracts
Source: VietstockFinance
I.2. Valuation of Futures Contracts
Using a fair pricing method as of January 7, 2026, the reasonable price range for actively traded futures contracts is as follows:
Summary Table of Derivatives Valuation for VN30-Index and VN100-Index
Source: VietstockFinance
Note: Opportunity costs in the pricing model are adjusted to align with the Vietnamese market. Specifically, the risk-free rate (government treasury bills) is replaced by the average deposit rate of major banks, with term adjustments for each futures contract.
I.3. Technical Analysis of VN30-Index
On January 6, 2026, the VN30-Index rose alongside trading volume exceeding the 20-session average, signaling bullish investor sentiment. The index has set a new 52-week high, while the MACD indicator continues to form higher highs and higher lows, reinforcing the short-term uptrend.
Technical Analysis Chart of VN30-Index
Source: VietstockUpdater
II. FUTURES CONTRACTS OF THE BOND MARKET
Using a fair pricing method as of January 7, 2026, the reasonable price range for actively traded bond futures contracts is as follows:
Summary Table of Government Bond Futures Valuation
Source: VietstockFinance
Note: Opportunity costs in the pricing model are adjusted to align with the Vietnamese market. Specifically, the risk-free rate (government treasury bills) is replaced by the average deposit rate of major banks, with term adjustments for each futures contract.
According to the valuation, contracts 41B5G3000, 41B5G6000, 41B5G9000, and 41BAG9000 are currently attractively priced. Investors should focus on these contracts and consider buying, as they present excellent value in the market.
Economic Analysis & Market Strategy Department, Vietstock Consulting
– 18:28 06/01/2026
Technical Analysis for the Afternoon Session of January 7th: Soaring to New Heights
The VN-Index has continued its robust growth trajectory, decisively breaking through the previous peak established in October 2025 (equivalent to the 1,740-1,795 point range). Meanwhile, the HNX-Index has halted its decline and rebounded, signaling a recovery in momentum.
Derivatives Market Update: Prolonged Tug-of-War on January 6, 2026
On January 5, 2026, both VN30 and VN100 futures contracts experienced a decline during the trading session. The VN30-Index reversed its trend, snapping a three-day winning streak, while forming a near-Doji candlestick pattern. This reversal was accompanied by trading volume surpassing the 20-session average, indicating heightened investor uncertainty.
Derivatives Market on January 7, 2026: Bulls Take the Crown
On January 6, 2026, both the VN30 and VN100 futures contracts surged in a robust trading session. The VN30-Index climbed higher, accompanied by trading volumes surpassing the 20-session average, reflecting a bullish sentiment among investors.
Vietnam’s Warrant Market on January 7, 2026: VHM Warrants Take Center Stage
As the trading session closed on January 6, 2026, the market witnessed 155 stocks advancing, 77 declining, and 26 remaining unchanged. Foreign investors continued their net selling streak, offloading a total of VND 921.44 million worth of shares.
Derivatives Market Week 05-09/01/2026: Mixed Signals Persist
On December 31, 2025, both the VN30 and VN100 futures contracts surged in a synchronized rally. The VN30-Index marked its third consecutive day of gains, accompanied by the emergence of a Three White Soldiers candlestick pattern, signaling persistent investor optimism.
