Vietnamese stock market index surpasses 1,580 milestone, driven by banking sector growth.
In a significant development, the VN-Index closed higher on Thursday, breaking through the 1,580-point threshold, following a strong performance by Tien Phong Commercial Joint Stock Bank (TPB), also known as VPB. VPB led the market, hitting its ceiling price and rising an impressive 6.83%.
The surge in VPB's stock price was driven by a combination of factors. Strong performance and sector outlook played a crucial role, with bank stocks, including VPB, posting impressive gains this year. This growth has been supported by rapid industry-wide credit growth (9.9% in the first half of 2025) and stable net interest margins, underpinning banks’ robust profit prospects.
Heavy investor interest also contributed to VPB's rise. Foreign investors have been net buyers of VPB shares recently, pumping liquidity into the stock and supporting price increases.
The banking sector's influence on major indices like the VN-Index and VN30 is significant, with movements in key bank stocks having an outsized influence on these indexes. The short-term uptrend of the VN-Index aligns with VPB’s ceiling price, encouraging investors to buy with expectations of further gains alongside the index's pursuit of levels around 1,600 points.
Other bank stocks also saw gains on Thursday, with BID increasing by 2.41%, and Maritime Commercial Joint Stock Bank (MSB) rising by 5.86%.
However, not all sectors were in the green. Vingroup-affiliated stocks VIC and VHM led the decliners in the VN-Index, collectively erasing more than 5.3 points.
The market's strong upward trend continues, according to SHS analysts, despite two volatile sessions. Liquidity on the southern bourse rose by 13.3%, reaching VNĐ44.1 trillion (approximately US$1.7 billion).
On the northern bourse, the HNX-Index climbed 2.2 points, with total trading value reaching VNĐ2.7 trillion and over 132 million shares exchanged. The market breadth favored gainers, with 223 stocks advancing versus 106 declining.
Sectors that have undergone prolonged accumulation, such as oil and gas, telecommunications, technology, and industrial parks, are part of the ongoing investment strategy. Stocks that trade at attractive valuations and are expected to revisit or surpass their 2022 highs, like the VN-Index, are drawing attention.
Foreign investors recorded modest net sales on the Hồ Chí Minh Stock Exchange (HoSE). The VN30-Index, which tracks the performance of the 30 largest stocks on the HoSE, added 11.54 points. The short-term uptrend of the VN-Index remains intact, with the nearest support level around 1,537 points.
In conclusion, the VN-Index's surge on Thursday was largely driven by the strong performance of TPBank, reflecting positive market sentiment towards banks and active buying interest. The index is expected to target the next psychological threshold of around 1,600 points.
- The strong performance of Tien Phong Commercial Joint Stock Bank (TPB) was influenced by factors such as sector outlook, rapid industry-wide credit growth, and stable net interest margins, which have resulted in impressive gains for bank stocks this year.
- Foreign investors have been actively buying VPB shares, which has contributed to its surge and increased liquidity in the stock market.
- The banking sector's influence on indices like the VN-Index and VN30 is significant, with movements in key bank stocks having a significant impact on these indexes.
- Stocks in sectors such as oil and gas, telecommunications, technology, and industrial parks are part of the ongoing investment strategy, with stocks that trade at attractive valuations and have the potential to revisit or surpass their 2022 highs, like the VN-Index, attracting attention.
