The recovery of the VN-Index last week delivered positive signals, supported by several favourable macroeconomic factors. However, market liquidity remains low, and the outlook still carries inherent risks.
Market breadth leaned positive, with 183 stocks advancing and 104 declining. Liquidity on the southern bourse dipped slightly to VNĐ11.9 trillion (approximately US$468.1 million), a decrease of 6.2 per cent compared to the previous session.
Throughout the week, the market continued its downward trajectory amid unfavourable macroeconomic conditions. The VN-Index lost a significant support level and appeared to be heading towards deeper support zones. This volatility raised concerns among investors about the market''s short-term prospects.
The swift efforts by the Vietnamese securities regulator to eliminate pre-funding requirements have garnered praise from FTSE Russell and Morgan Stanley.
The Vietnamese stock market is currently in a transitional phase, presenting both opportunities and challenges. Notably, attention should be given to the sectoral divergence and the cautious stance of foreign investors.
Three banks from the ''Big Four'' group — Vietcombank (VCB), BIDV (BID), and VietinBank (CTG) — have made it into the top five largest companies by market capitalisation on Việt Nam’s stock exchange.
The project is a follow-up to the ''Enhancing Capacity to Improve Equity and Transparency of the Vietnamese Stock Market'' project conducted by JICA from 2019 to 2023.
Ensuring continued stable development, maintaining the upgraded status and avoiding a downgrade were key topics discussed at the “Motivating the Stock Market Upgrade” seminar held on July 2.
Even though the market liquidity is on par with regional markets like Indonesia, Malaysia and Singapore, Việt Nam''s stock market remains in frontier status.
The market capitalisation on the Hồ Chí Minh Stock Exchange shrank by VNĐ244 trillion (nearly USS$10 billion) when the benchmark VN-Index lost nearly 60 points, or 4.7 per cent.
When Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX), came to Việt Nam for a conference, Việt Nam News reporter Ly Ly Cao took the opportunity to speak to her about solutions...