Foreign inflows surge and financials hit limit-up levels, signaling renewed risk appetite in Vietnam’s equity market.
Vietnam’s stock market pushed closer to a psychological milestone on January 12 as the VN-Index climbed more than nine points to above 1,877, putting the 1,900 level firmly within reach. The advance reflects a broad-based rally led by securities firms and major banks—an alignment that global investors often read as a vote of confidence in market liquidity and economic momentum.
Brokerage shares dominated the session, with a wave of limit-up moves across the sector. Flagship names such as SSI, HCM, VCI, VND, SHS, and peers surged simultaneously—an indication that investors are positioning for higher trading volumes, margin activity, and capital market deals if the rally sustains.
Banks reinforced the upward push. Heavyweights BIDV, Vietcombank, and VPBank all hit their daily price limits. The move is notable given that BIDV and Vietcombank spent much of the past year trading sideways; their recent acceleration suggests expectations of improved credit growth, asset quality stabilization, and stronger earnings leverage in 2026.
Not all sectors participated. Shares tied to Vingroup—including VIC, VHM, and VRE—moved against the broader trend, exerting mild drag on the index. The divergence underscores a rotation dynamic rather than indiscriminate buying, with capital flowing decisively into financials.
Foreign investors added fuel to the rally, posting net purchases exceeding VND 1 trillion. Buying concentrated in liquid blue chips such as Vietcombank, VPBank, Hoa Phat Group, Mobile World, and SHB, while selective selling appeared in VRE, VHM, and STB. The swing to strong net inflows is particularly significant after periods of cautious foreign positioning.
For international investors tracking Vietnam, the session sends a clear signal: domestic risk appetite is rising, and foreign capital is re-engaging—at least tactically.
The question now is whether the VN-Index can convert this financials-led surge into a durable breakout above 1,900, or whether profit-taking will test the market’s conviction after such a rapid run-up.
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Source: Vietnam Insider