VN-Index rises but investors worry

The benchmark VN-Index continued to rise on February 23 but at a slower pace as investors worried about a possible correction.
  • Saigon to bid farewell to 100-year-old flower market
  • HCM City considers relocation of markets to ease traffic congestion
  • Vietnam's automobile market plunged in early 2017
  • Vietnam auto market grows 27.7%, 2nd fastest worldwide

On the HCM Stock Exchange, the VN-Index inched up 0.1 percent to close at 717.24 points, lifting the three-day rally to 1.3 percent.

On the Hanoi Stock Exchange, the HNX-Index edged down 0.3 percent to end at 86.6 points. The northern market index has gained over four per cent in the past month.

“Liquidity maintaining high levels for many sessions made many investors worry that the market has reached its peak,” stock analysts at Vietnam Securities Co (IVS) wrote in a market report.

Trading volume touched a one-month high at nearly 293 million shares, worth a combined 4.4 trillion VND (193 million USD) in the two markets.

Overall market conditions were negative with 251 stocks decreasing, 204 rising and 242 unchanged.

A trader sits in front of an electronic board at a Vietcombank Securities Co’s trading floor. (Photo: VNA)
A trader sits in front of an electronic board at a Vietcombank Securities Co’s trading floor. (Photo: VNA)

Blue chips were on the defensive as 17 of the top 30 shares by market value and liquidity on the main bourse in HCM City lost value while 11 advanced.

Hoang Anh Gia Lai Co (HAG) and Hoang Anh Gia Lai Agricultural Investment JSC (HNG) tumbled after a strong rising streak.

HAG decreased 1 percent, halting an eight session positive run while HNG fell 1.5 percent.

On the bright side, oil and gas and real estate stocks supported the market.

Benefiting from global oil price recovery, PV Gas (GAS), the biggest listed energy stock, grew 3.9 percent and PetroVietnam Drilling and Wells Service (PVD) added 1.3 percent. Other smaller stocks such as Petroleum Equipment Assembly & Metal Structure (PXS), PetroVietnam Drilling Mud (PVC) and PetroVietnam Technical Services (PVS) advanced between 1 percent and 3.5 percent.

Brent futures rose to 56.24 USD a barrel, while US West Texas Intermediate (WTI) crude edged up 0.6 percent to 53.71 USD a barrel.

Property stocks continued their growth but slower. The exception was Hoang Quan Consulting Trading Service Real Estate (HQC), which hit the daily limit of 7 per cent for a second day, while others such as Novaland Investment Group (NVL) inched up 0.3 percent, FLC Group (FLC) and Ninh Van Bay Real Estate (NVT) both up over 2 percent

However, according to IVS analysts, cheap property stocks still attracted good investments but faced correction pressure after previous big gains.

Foreign investors were net sellers in HCM City’s market after two net selling sessions, offloading a net value of 21 billion VND. They were net buyers on Hanoi’s bourse for a modest value of 3 billion VND.

VNA

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.