The stock market had many notable developments in the first trading week of July. Market liquidity increased and distributed evenly to stock groups. Outstanding in the groups of seaport industry codes, securities, seafood, agriculture, information technology, insurance, banking, etc.
Last week, the VN-Index increased by 15.53 points compared to the previous week to 1,386.97 points, towards the resistance zone around 1,400 points, the highest price peak in July 2021.
The cash flow of domestic individual investors has been a mainstay of the market in recent times when recently, according to data from the Vietnam Securities deposition Center (VSD), the number of accounts of domestic investors increased by nearly 200,000 accounts in June 2025. The highest in 10 months, since September 2024. New accounts opened in May mainly came from individual investors, while the organization only added 166 more accounts.
Accumulated from the beginning of 2025, the number of accounts of domestic investors has increased by nearly 1 million units. By the end of June, domestic individual investors had a total of more than 10.2 million accounts, equivalent to 10% of the population, completing the target ahead of schedule for 2025 and aiming for 11 million accounts by 2030.
Newly opened accounts increased sharply in the context of Vietnamese stocks continuing to increase from the bottom of tariffs in mid-April.
Along with that is the return of foreign investors after the net selling period. Accordingly, foreign investors unexpectedly increased their net buying last week with the value of the two weekend sessions reaching thousands of billions. Accumulated to 5 sessions, foreign investors net bought VND 5,394 billion, the highest since the beginning of the year and the 5th week in 2025 for foreign investors to net disburse.
According to many studies, foreign capital flows often come about 4-5 months before the upgrading period. If the roadmap goes as expected, Vietnamese stocks may be upgraded by FTSE at the end of this year. Thus, this period can be considered the golden time for foreign capital to take the lead in the upgrading wave.
The excitement of the stock market in July thanks to information supporting Vietnam and the US to reach a preliminary tax agreement, opened up new expectations for exports.
Mr. Pham Luu Hung - Chief Economist of SSI Securities Joint Stock Company - commented that among US trade partners, Vietnam is the third country to have completed negotiations on a framework agreement, which is a good signal.
Assessing the group of industries that benefit from tax policies, Mr. Hung said that SSI has forecasted profit growth of listed enterprises at double digits, about more than 13%, equivalent to VN-Index at more than 1,400 points.
