Increased pressure on many midcap stocks in the real estate and construction sectors caused the VN-Index to retreat to 1,665 points and entered the afternoon session with a deeper decline, threatening investors' psychology when retreating to yield 1,650 points. Fortunately, supply pressure was somewhat narrowed, while some bluechips reversed and increased slightly, helping the VN-Index bounce up significantly to reduce the decline.
At the close on September 30, the VN-Index decreased slightly by nearly 5 points to 1,661.7 points. The value of matched orders on HoSE reached about VND 29,155 billion. Thus, with this score, in September, the VN-Index decreased by 20.51 points, equivalent to a decrease of 1.22% from the threshold above 1,682 points at the end of August.
In the third quarter of 2025, the VN-Index still recorded an increase of more than 285 points, equivalent to an increase of 20.75% from the threshold of more than 1,376 points at the end of the second quarter.
Meanwhile, foreign investors continued to net sell VND1,268 billion in the whole market. The group of small and medium-sized stocks in the construction, real estate, public investment, and raw materials industries were still the groups that were under the strongest pressure in today's session, although the low supply pressure was also limited towards the end of the session.
Vingroup stocks, in addition to VRE, maintained the ceiling price at VND 32,100, while VIC and VHM only increased slightly by more than 1% at the end of the session. The assets of billionaire Pham Nhat Vuong have skyrocketed. VIC price reached 183,000 VND/ part in the morning session of September 30, pushing Vingroup's market capitalization to 700,000 billion VND, marking a record in the history of Vietnamese stocks.
According to the latest update from Forbes, the assets of billionaire Pham Nhat Vuong - Chairman of Vingroup continued to skyrocket to 16.8 billion USD, ranking 142th in the list of the richest people in the world. Since the beginning of the year, the assets of the richest people in Vietnam have increased more than 4 times, along with a 560-point leap on the Forbes rankings.
Returning to the stock market, it can be seen that the expectation of upgrading has created a highly worried mentality from both institutional and individual investors. According to records, the VN-Index moved sideways in September, with liquidity decreasing significantly, from VND 55.6 trillion in August to only VND 39.7 trillion in September.
However, experts are very confident that FTSE Russell will announce positive results for Vietnam next Wednesday (October 8). However, many viewpoints say that investors should not only focus on FTSE Russell's annual stock market classification report but should look further. With the current reform process, upgrading the Vietnamese stock market to an emerging market will certainly happen, the problem is only sooner or later.
If the upgrade takes place this year, it will be a strong boost for the market, but if it slows down, it will not change the upward trend of the market.
