I. FUTURES CONTRACTS OF THE STOCK MARKET INDEX
I.1. Market Trends
VN30 futures contracts surged during the trading session on October 13, 2025. Specifically, 41I1FA000 (I1FA000) rose by 1.91%, closing at 2,013.6 points; 41I1FB000 (I1FB000) increased by 2.18%, reaching 2,011 points; the VN30F2512 (F2512) contract climbed 2.29%, ending at 2,010 points; and 41I1G3000 (I1G3000) gained 2.37%, closing at 1,982 points. The underlying index, VN30-Index, settled at 2,012.28 points.
Meanwhile, VN100 futures contracts showed mixed movements on the same day. Notably, 41I2FA000 (I2FA000) advanced by 0.37%, closing at 1,916 points; 41I2FB000 (I2FB000) rose by 1.65%, reaching 1,940 points; 41I2FC000 (I2FC000) increased by 1.58%, ending at 1,921.1 points; and 41I2G3000 (I2G3000) declined by 0.52%, settling at 1,910.3 points. The underlying index, VN100-Index, closed at 1,935.65 points.
During the October 13, 2025 session, the 41I1FA000 contract initially dipped at the ATO opening but quickly rebounded as buyers stepped in, hovering near the reference level for most of the morning session. In the afternoon, bullish momentum took hold, driving the contract higher and closing in positive territory with a gain of 37.7 points.
Intraday Chart of 41I1FA000
Source: https://stockchart.vietstock.vn/
By the close, the basis of the 41I1FA000 contract reversed from the previous session, reaching 1.32 points. This shift indicates a resurgence in investor optimism.
Movement of 41I1FA000 and VN30-Index
Source: VietstockFinance
Note: Basis is calculated using the formula: Basis = Futures Contract Price – VN30-Index
Trading volume and value in the derivatives market rose by 4.01% and 5.3%, respectively, compared to the previous session. Specifically, the trading volume of I1FA000 increased by 3.03%, with 276,587 contracts matched. Meanwhile, I2FA000 volume dropped by 68.4%, with only 176 contracts traded.
Foreign investors resumed net selling, with a total net sell volume of 920 contracts on October 13, 2025.
Daily Trading Volume Trends in the Derivatives Market. Unit: Contracts
Source: VietstockFinance
I.2. Futures Contract Valuation
Based on the fair pricing method as of October 14, 2025, the reasonable price range for actively traded futures contracts is as follows:
Valuation Summary Table for Derivatives Contracts of 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 maturity adjustments tailored to each futures contract.
I.3. Technical Analysis of VN30-Index
On October 13, 2025, the VN30-Index continued its strong upward trend, forming a Three White Soldiers candlestick pattern accompanied by trading volume surpassing the 20-session average. This signals heightened investor optimism.
Currently, the ADX indicator has risen above the gray zone (20 < adx < 25), indicating increasing trend strength.
Technical Analysis Chart of VN30-Index
Source: VietstockUpdater
II. FUTURES CONTRACTS OF THE BOND MARKET
Based on the fair pricing method as of October 14, 2025, the reasonable price range for actively traded bond futures contracts is as follows:
Valuation Summary Table for Government Bond Futures Contracts
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 maturity adjustments tailored to each futures contract.
According to the above valuation, the GB05F2512, 41B5G3000, and 41B5G6000 contracts are currently attractively priced. Investors should focus on and consider buying these futures contracts in the near term, as they present compelling value in the market.
Economic Analysis & Market Strategy Division, Vietstock Consulting Department
– 18:28 13/10/2025
Derivatives Market on October 15, 2025: Mixed Signals Emerge
On October 14, 2025, the VN30 and VN100 futures contracts exhibited contrasting movements. While the VN30-Index experienced a modest uptick, it formed a small-bodied candlestick pattern, accompanied by trading volume surpassing the 20-session average, indicating investor hesitation.
Market Pulse 16/10: VN-Index Expands Range in Afternoon Session, MSN Secures Massive Deal
In a continuation of the morning session, the market experienced heightened volatility during the afternoon, with significant fluctuations across various sectors. The divergence was particularly evident in major industry groups, showcasing a vibrant spectrum of performance. Notably, MSN stood out with a substantial block trade executed by foreign investors, further intensifying the market’s dynamic movements.
Derivatives Market Week 13-17/10/2025: Bulls Take the Crown
On October 10, 2025, both VN30 and VN100 futures contracts surged during the trading session. The VN30-Index experienced a robust rally, marked by a White Marubozu candlestick pattern, while trading volume exceeded the 20-session average, indicating sustained investor enthusiasm.
Technical Analysis Afternoon Session 17/10: Bearish Engulfing Line Emerges
The VN-Index experienced a notable correction, accompanied by the emergence of a Bearish Engulfing Line candlestick pattern, signaling heightened short-term risk. Conversely, the HNX-Index formed its third consecutive bullish candlestick, indicating a contrasting trend.
Technical Analysis Afternoon Session 16/10: Intense Tug-of-War
The VN-Index experienced a tug-of-war session, while the Stochastic Oscillator continued its downward trajectory, reaffirming a sell signal. Meanwhile, the HNX-Index formed a pattern resembling a Long Upper Shadow, indicating persistent selling pressure.
