Thanks to positive signals from the international financial market, especially the world oil price reversing sharply, the Vietnamese stock market welcomed bottom-fishing cash flow back quite strongly. In the morning session, at one point VN-Index increased by more than 63 points, reaching 1,715 points.
However, the rapid market recovery has also caused a part of investors to take advantage of portfolio restructuring and, notably, strong profit-taking in the oil and gas stock group. This has caused the VN-Index to close the session on March 10 with only an increase of 24 points at the threshold of 1,676.73 points. Liquidity in today's session was high with the total market trading value reaching 45.6 trillion VND. Towards the end of the session, the trading pace became even more active.
Industry groups have a slight differentiation towards the end of the session. However, the positive point is that many pillar stocks in industries strongly hit the ceiling price, thereby creating a large drag on the index. In the financial group, MBB, STB, EVF, VCK hitting the ceiling price are stocks that create great momentum.
In the raw material group, HPG, DGC stood out in purple. Besides, DPM, DCM also had a good increase of 4 - 5%. In the essential consumer group, VNM is a bright star. Many other leading stocks such as FPT, MWG did not hit the ceiling price but still achieved an impressive increase.
The general market is positive, but the oil and gas group has a reversal trend. Most codes in this group fell sharply. Among them, PVT, PLX, GAS... even fell to the floor price.
Foreign investors net bought slightly in today's session. Net buying value was over 1,000 billion VND. MWG, HPG, FPT were focused on net buying. Conversely, STB, VPB, VIC were strongly net sold.
According to observers, the trading session on March 10 was an important recovery, relieving some psychological pressure for investors after a series of shocking declines. The market cooling down at the end of the morning session is an understandable development, showing that caution is still very high and margin call pressure has not completely ended. The return of foreign investors and the health of leading industry groups will be key factors to determine whether this is the short-term bottom of the market or not.
In the current context, the important thing is not only to predict the bottom of the market, but also how investors prepare their portfolios to take advantage of opportunities when the recovery trend returns. Choosing some quality stocks in the low price range can open up significant profit opportunities when the market returns to an upward trend.
The current shock is more cyclical than a long-term macroeconomic risk. Vietnam's economic foundation remains positive with stable growth, improved export production, steady disbursement of FDI capital and relatively broad policy management space.
The market is also supported by the prospect of FTSE Russell's upgrade to the emerging market group in the near future, a factor that may attract more medium and long-term capital flows. In the short term, the market may continue to fluctuate strongly according to geopolitical developments.
However, in the medium and long term, the prospects of Vietnamese stocks are still positive as market valuations have retreated to the historical support zone - similar to the period when the US imposed global tariffs in April 2025, thereby opening up opportunities for long-term visionary investors.
In that context, investors can consider reinvesting in large-cap stocks belonging to the VN30 basket when the market gradually stabilizes. However, experts recommend maintaining about 15–20% of cash in the portfolio and limiting the use of financial leverage to ensure flexible room if the market fluctuates.
