Contrary to the forecast from securities companies that the VN-Index is likely to fluctuate in the coming sessions due to increased supply around the historical peak, the stock market entering the trading session on December 8 still maintains green.
Notably, Vingroup shares (code VIC) opened the first session of the week with a ceiling increase to VND 152,700, marking 2 consecutive ceiling increases after the price was adjusted by half due to the closing price of 1: 1 bonus shares.
This stock continues to be the main fulcrum to help VN-Index easily surpass 1,750 points. In this morning's session, the VN-Index increased by more than 14 points even though the electronic board had the preferential number of decreased codes, nearly double the number of increased codes. However, the market is still in a "green skin" state when liquidity is still low, only reaching more than 8 trillion VND in the morning session.
VIC shares alone contributed nearly 10 points to the general index. This strong increase has brought Vingroup's capitalization closer to 1.2 million billion VND, helping the group become the first enterprise in Vietnam to reach this milestone. Vingroup's capitalization is currently double that of Vietcombank - the second largest bank, and is almost equivalent to the total capitalization of the four banks Vietcombank, BIDV, VietinBank and Techcombank combined.
Along with the increase of VIC shares, Vingroup Chairman Pham Nhat Vuong's assets also increased accordingly. According to Forbes' real-time data, his assets have reached 27.1 billion USD, an increase of 1.6 billion USD in just one day. This achievement took him to 84th place in the list of the richest people in the world and set a new record in Vietnam.
Today, December 8, Vingroup has finalized the list of shareholders receiving dividend stocks at a ratio of 1:1, expected to issue 3.9 billion shares to increase charter capital to VND 77,000 billion. This is the largest reward stock issuance in the history of the Vietnamese stock market. After the issuance, Vingroup's charter capital will surpass Hoa Phat, becoming the largest non-financial enterprise with charter capital on the exchange, only behind Vietcombank, MB and VPBank.
In general market assessment, experts said that the VN-Index broke out last week, supported by widespread buying power, instead of depending on the Vingroup group, showing that the market platform is stronger and more balanced. From a technical perspective, many stocks have completed the bottom-level inspection; in which, the securities and banking groups appeared as "second winds" and quickly attracted cash flow to lead the hoi. Notably, cash flow is strongly concentrated in the group of banks with controlling state capital - the large-cap group, helping to stabilize the market structure and creating a more sustainable growth trend.
In the short term, the VN-Index is expected to move towards the 1,750 - 1,800 point range (the old peak in October 2025). However, fluctuations may increase when the index approaches the strong resistance zone. The expected adjustment level is not too large because most stocks are still in the recovery phase, profit-taking pressure has not spread and index fluctuations still depend significantly on Vin stocks. A suitable strategy is to prioritize stock selection, disbursement at adjustment levels and limit chasing when the market is hot.
