(Vietnam Insider) – Vietnam’s stock market witnessed a historic session on August 5, with total trading value surging to a record-breaking VND 83.83 trillion (approximately USD 3.3 billion), marking the highest level ever recorded across the Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX).
This milestone surpassed the previous record set in late July, when trading value reached VND 63.3 trillion. The surge in liquidity was accompanied by a strong performance from key indexes and blue-chip stocks.
Leading the charge in trading volume were steel giant Hòa Phát Group (HPG), with nearly 216 million shares traded, and SHB Bank, with over 176 million units exchanged. The VN-Index saw significant intraday volatility — at one point surging more than 54 points before pulling back. The index ultimately closed the day up nearly 19 points, settling at 1,547.15.
Notably, the VN30 index briefly exceeded the 1,700-point mark during the session. Among the VN30 group, MBBank (MBB) stood out as the only stock to close at its daily upper limit, rising to VND 29,700 per share.
The market rally led to a significant increase in the wealth of Vietnam’s top billionaires. Shares linked to Phạm Nhật Vượng — including Vingroup (VIC), Vincom Retail (VRE), and Vinhomes (VHM) — rose sharply, lifting his estimated net worth by nearly 10% to USD 12.2 billion, according to Forbes’ real-time billionaire tracker.
Other Vietnamese billionaires also saw their fortunes climb. Vietjet Air Chairwoman Nguyễn Thị Phương Thảo’s net worth rose to USD 3.3 billion. Steel magnate Trần Đình Long and banking tycoon Hồ Hùng Anh saw their wealth grow to USD 2.7 billion and USD 2.4 billion, respectively.
Despite the market’s bullish momentum, foreign investors remained net sellers. They offloaded more than VND 2.88 trillion worth of equities, with VIC being the most heavily sold stock of the day. Other major net sell targets included SHB, VPB, Vinamilk (VNM), FPT, and VIX.
Analysts note that the surge in liquidity and broad-based gains reflect growing investor confidence, though the divergence between domestic buying and foreign selling continues to shape short-term sentiment. As valuations climb, market participants are advised to remain cautious and selective amid heightened volatility.
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Source: Vietnam Insider