The continued flow of money is a solid psychological driving force, even when foreign investors suddenly returned to net selling after a series of consecutive net purchases before. The FOMO level was even more clearly demonstrated when today's session recorded the highest trading value.
VN-Index increased by 14.54 points to 1,490.01 points. Total trading volume reached nearly 1.45 billion units, worth VND 35,687.5 billion.
The agreement transaction contributed more than 96.7 million units, worth VND 4,471 billion, with more than 55.1 million VCB shares worth VND 3,280 billion.
Real estate and construction stocks are still the stocks that attract the most cash flow, with the highlight being Vingroup home stocks, when they increased sharply, with VHM standing at the ceiling price of +6.9% to VND 94,100, matching 8.8 million units. The remaining two stocks are VIC +3.9% to VND 122,000, matching 6.6 million units and VRE +3.3% to VND 29,750. These are also the three stocks leading the increase in the VN30 group.
In that context, foreign investors suddenly "turned around" to net sell nearly 120 billion VND in today's session, ending the previous 11 consecutive buying streak. On HoSE, foreign investors net sold 156 billion VND. In the afternoon of selling, foreign investors net sold the most VCB shares at about 224 billion VND.
Other stocks such as HCM, CCQ E1VFVN30 were also net sold from 67 billion to 76 billion VND per code. Following that, CII and VCG were also net sold for VND 57-58 billion. In contrast, NVL and HPG are both net "gom" by foreign investors in the whole market with 113 billion VND.
In the strategy report for the second half of 2025 and the first 6 months of 2026 just released, Dragon Capital Securities Company (VDSC) believes that the macro picture of Vietnam in the next 6-12 months will be led by two key factors: reform and adaptation. In particular, adapting to uncertain environments is seen as a foundation to help stabilize growth expectations.
Notably, VDSC's analysis team forecasts that the VN-Index may reach 1,513-1,756 points in the next 6-8 months. The direct impact of tariffs on Vietnam's economic growth in 2025 will not be too great. Positive supporting factors such as loose fiscal and monetary policies help maintain low interest rates, and expectations of upgrading the market in the September 2025 FTSE review.
"When upgraded to a reality, the Vietnamese market will attract large capital flows from global reference funds with a scale of about 1 billion USD, contributing to improving liquidity and valuation" - VDSC expert commented.
SSI Securities Company's 2025 H-H-H-H-H strategic report also forecasts a positive view of the market in the long term but only sets a target of 1,500 points for the VN-Index by the end of 2025.
The drivers are the prospect of sustainable profit growth. The total net profit of more than 79 stocks in the scope of SSI Research is estimated to increase by 14% over the same period this year and will continue to maintain a growth momentum of 15% in 2026. The main contributing sectors include banking, real estate, raw materials and consumer goods.
The US's 60-day delay in taxation has helped Vietnamese enterprises boost exports of many types of goods in the second quarter of 2025, and have time to prepare to reduce the impact of this market in the following quarters.
"The yield of 8.4% on the stock market is quite attractive compared to the average deposit interest rate of around 4.6% and the potential to attract a part of residential deposits has tended to increase rapidly in recent quarters even though the deposit interest rate level is still low" - SSI expert commented.
