The Vietnamese stock market has experienced the first trading week of 2026 with positive developments in both points and liquidity. In which, bank stocks and large-cap stocks play a key role in maintaining a stable state for the market, especially in the context that investor sentiment is being strengthened by the existing upward trend and the improvement of liquidity.
Entering today's trading session (January 12), cash flow continued to be active and with the momentum from bank stocks, especially VCB, BID, CTG stocks, along with the acceleration of Viettel stocks, the VN-Index still maintained its upward momentum. Besides the banking group, strong demand absorption with securities stocks has helped these stocks race to accelerate.
Money flow spreading helps VN-Index maintain green color in the first trading session of the week. VN-Index closed the session on January 12, increasing by 9.43 points to 1,877 points. Liquidity exploded, trading value on HOSE jumped to more than 41,600 billion VND, the highest level since the end of October 2025.
High liquidity while market breadth leans towards increasing, showing that demand is growing and becoming more vibrant again. Foreign investors' transactions are a plus when they net bought about 1,036 billion VND.
Banking and securities became the main driving force today. Both led the market in terms of liquidity and outstanding performance. A series of stocks in these two industries also recorded full range increases such as VCB, BID, VPB, SSI, VIX, VCI, VND, HCM, FTS or BSI... These codes all recorded liquidity of over a hundred billion to over a trillion VND.
Among the 10 codes that contributed the most to the increase of VN-Index, up to 9 codes belonged to the banking and securities industry, led by VCB, BID and VPB respectively. Vietcombank shares alone had their 5th consecutive gaining session, including 2 purple-colored sessions.
In addition, the market also recorded the shift of cash flow to shares of state-owned enterprises.
According to experts' assessment, the repositioning of the state economic role according to Resolution 79-NQ/TW is opening up room for long-term growth for many listed companies, as cash flow at the beginning of 2026 quickly turns to leading, large-scale stocks.
Therefore, the upward momentum of state-owned enterprise stocks in the past week is only a stepping stone for a longer growth cycle. In the 2026 strategic report, MB Securities Company (MBS) also stated that the state-owned listed enterprise group will be the "new focus" of the market for the whole year.
According to MBS, currently, state-owned enterprises are contributing about 29% of GDP, maintaining a leading position in terms of total assets, revenue, market share, and even have a monopoly advantage in many economic sectors (aviation, oil and gas...), but operating efficiency is still modest, and capital management capacity has not been exploited. Therefore, if resources are unlocked, state-owned enterprises will accelerate in the near future.
