Concluding trading weeks on 24.5, VN-Index increased by 1.4% to 1,314.5 points, marking the third consecutive increase week. However, the gain momentum is facing strong profit -taking pressure when the index approaches the top from the beginning of the year.
According to the BSC Securities report, VN-Index recorded an increase of 1%, while liquidity decreased by 2% compared to the previous week. The main motivation helps the market keep the increase from the Vingroup's stock group. In particular, VIC and VHM codes contribute 22 points to the general increase of 13 points of the index, replacing the leading role of the banking group last week in the context of this group with clear differentiation.
However, the market size has narrowed significantly with only 7/18 industry groups increasing points. Real estate and Industrial Goods & Services were the two groups with the strongest increases last week, reaching increases of 10.65% and 4.5%, respectively. In contrast, the Communications and Information Technology group decreased by more than 3%. Foreign investors also returned to net selling $22 million after net buying $ 107 million last week.
Mr. Dinh Quang Hinh - Head of Macro and Market Strategy, VNDIRECT Securities Joint Stock Company said: “After returning to the supporting area of 1,290–1,300 points in the beginning of the week, VN -Index recovered strongly in the two sessions of the week thanks to the positive signal from the Vietnam -US trade negotiation process. At the end of the second round of negotiations, the two sides have achieved some uniforms and uniform problems in the issues that need to be clearly promoted in the uniform issues in the issues. The third round of negotiation is scheduled to be held in early June. ”
In addition, The Trump Organization's official groundbreaking of the $1.5 billion project in Hung Yen has contributed to strengthening optimism in the market.
The increase is also supported by a series of positive information related to Vingroup's projects. Including the proposal to build a high-speed railway line of Vinspeed assigned by the Prime Minister for research, and the Tu Lien bridge project officially started construction - contributing to improving infrastructure connectivity between the center of Hanoi with the Vin Global Gate project in Co Loa.
However, Mr. Hinh said that the selling pressure has returned to the last two sessions of the week when VN-Index approached the strong resistance area of 1,320–1,340 points. This is also the peak area from the beginning of 2025, making the possibility of short -term breakthroughs become more difficult, especially in the context of the market is entering the "empty information" post -season of the first quarter financial report and the annual shareholder meeting.
With no breakthrough scenario, the VN-Index may continue to fluctuate within the range of 1,2901,340 points to absorb profit-taking supply before having a new catalyst from the upcoming trade negotiation round. Short-term investors are advised to switch to a cautious state, maintain a reasonable proportion of stocks and limit disbursement into hot-growing stocks.
Regarding medium-long-term, experts from VNDIRECT highly appreciated the prospects from the business environmental reform policies that are being promoted in the spirit of Resolution 68-NQ/TW and Resolution 198/2025/QH15. These policies expect to create sustainable motivation for the stock market in the coming time, through improving the investment environment and supporting the development of the private sector.
