The Vietnamese stock market continues to maintain its upward momentum due to the consensus of many groups of stocks, especially pillar stocks. The stock market sentiment has improved since the beginning of today's trading session, June 24, helping cash flow flow flow flow flow strongly and spread.
At the end of the trading session on June 24, the VN-Index increased by 8.59 points to 1,366.77 points, the highest since the beginning of the year. The matched value on HoSE reached about VND 22,191 billion, up 22% over the previous session. The total trading volume reached more than 971.2 million units, worth VND 25,606 billion.
In that context, foreign investors have returned to net buying nearly 130 billion VND in the whole market. In the context of concerns about the new US tariff scenario, foreign investors are still showing more cautious moves towards the Vietnamese market
The pair VIC and VHM are still the main drivers when contributing a total of more than 5.5 positive points to the VN-Index. Of which, VHM +4.5% to 77,300 VND, matching 7.83 million units and VIC +3.2% to VND 95,800, matching 3.97 million units.
The market is waiting for information about the final negotiations on the tariff issue. In that context, the profit picture of the second quarter of 2025 will also be an information that the market is interested in.
Mr. Dao Hong Duong, Director of Industry and Stock Analysis, VPBank Securities Joint Stock Company (VPBankS) commented that the stock market reflected the worst scenario in April was the US imposing a 46% tax, so the upcoming tax rate after negotiations is not bad news. Mr. Duong said that there are still many opportunities in mid-cap stocks and will continue to attract investment cash flow. The market will be very vibrant in the near future.
Mr. Nguyen The Minh, Director of Analysis, Yuanta Vietnam Securities Company, said that there will be a reversal in the second quarter of 2025 when growth in the financial group may improve compared to the first quarter of 2025, while the non-financial group may decrease when affected by the export group.
In particular, it can be noted that the positive change has begun from the real estate and construction groups. This expert assessed that the profit growth rate in the second quarter of 2025 could still be higher than the first quarter of 2025 thanks to the great contribution from the financial group including the banking, securities and real estate groups.
A new updated report by MBS Securities Company forecasts that the total market profit in the second quarter of 2025 will increase by about 14% over the same period, despite the pressure from geopolitical fluctuations and existing tariff trade wars.
Among them, there are some notable industries such as the construction industry that recorded the highest profit growth rate in the whole market, reaching 69% over the same period, thanks to the push from public investment, the construction progress of expressway and infrastructure projects was accelerated.
For banks, the profit of the whole industry is forecast to grow by 15% over the same period, supported by positive credit growth. In the second quarter of 2025, credit in the whole system recorded a strong acceleration, as of June 16, credit increased by 6.99% compared to the beginning of the year, far exceeding 3.75% of the same period in 2024.
The seaport and shipping industries will benefit from the new tariff period, MBS expects the industry's profit to increase by 66%. In addition, other retail and consumer groups are also forecast to grow positively.
On the contrary, MBS's analysis team forecasts that the business results of residential real estate enterprises in the second quarter of 2025 are not expected to have many changes, down 27% over the same period due to the expected low volume of products handed over. However, the market has shown many positive signals such as strong increases in FDI capital in the real estate sector, completed legal framework and many large projects approved. The information of merging provinces and cities also creates expectations for infrastructure development and promotes real estate.
In the second half of 2025, the prospects for real estate businesses will be more positive thanks to a series of frontline projects expected to be handed over during this period, helping the whole year's profit grow by 24%.
