The stock market performed relatively positively in the last trading week of the Lunar year At Ty. The main index VN-Index adjusted in the first 2 sessions of the week and then recovered and regained the 1,800 point mark. At the end of the week, VN-Index increased by a total of 69 points to 1,824.09 points, equivalent to an increase of 3.8%.
Regarding the transaction value of foreign investors, the group of investors suddenly returned to active disbursement. For example, in the trading session on Wednesday, February 11 with over 2,000 billion VND, marking the strongest net buying session since the end of October 2025 calculated according to order matching transactions. Accumulated after 5 sessions, foreign investors net bought 3,468 billion VND across the market with strong buying power concentrated in the banking group and some large-cap stocks.
Leading the net buying direction is MBB with a value of up to 2,029 billion VND, far ahead of the remaining codes. Followed by VIC (505 billion VND) and MWG (298 billion VND). The banking group continues to be prioritized for disbursement with STB (295 billion VND) and EIB (194 billion VND). In the opposite direction, net selling pressure is concentrated in some bluechips. FPT was sold the most with 1,236 billion VND, followed by VCB (659 billion VND) and ACB (509 billion VND).
Although it is not yet possible to confirm that the net buying position has returned, the shift of foreign capital to a balanced state in the past two months is a noteworthy sign - a positive point, opening up more expectations for 2026.
In fact, the period 2020–2025 has witnessed profound changes in the Vietnamese stock market. Accordingly, capitalization scale increased sharply, liquidity exploded, the number of individual investor accounts set a record, and the increasing participation of institutional cash flow. In particular, FTSE Russell has officially included Vietnam in the list of secondary emerging markets.
Being upgraded by international rating organizations such as FTSE Russell or expected to be considered by MSCI is assessed to open up opportunities to attract long-term, more stable foreign capital flows for the Vietnamese market in the medium and long term.
According to the assessment of analysts from DSC Securities Company, an important foundation for the possibility of entering a new growth cycle of the stock market in 2026 comes from the weakening trend of the USD. A weak USD creates a favorable environment for foreign capital to return to frontier and emerging markets, including Vietnam.
In the context of inflation in the US continuing to be controlled along with the labor market differentiation, many international organizations predict that the US Federal Reserve (Fed) may cut interest rates 2-3 times in 2026. The USD is expected to continue to weaken, especially in the first half of the year, due to the increasing level of monetary policy intervention of President Donald Trump's administration and geopolitical factors that make capital flows more cautious with traditional safe-haven assets.
This trend promotes the re-allocation of global capital to markets with attractive valuations, stable macroeconomic foundations and long-term growth prospects. Vietnam has emerged as a noteworthy destination, positively assessed by many investment banks in the 2026 investment strategy report as a potential investment destination, thanks to its clear advantages from the trend of shifting the global supply chain, sustainable FDI attraction, along with an increasingly stable macroeconomic foundation and still large medium and long-term growth potential.
