October 9, 2025Oct 9 Photo courtesy of Vietnam News Vietnam's stock indices surged on Wednesday following FTSE Russell's announcement of an upgrade to the domestic market status, significantly boosting investor sentiment. The VN-Index closed at a record high of 1,697.83, climbing more than 12.5 points on the Ho Chi Minh Stock Exchange. This marks the highest closing in the 25-year history of Vietnam's stock market. Trading began with optimism due to the upgrade, with the VN-Index initially rising by 15 points to briefly touch the 1,700 mark before profit-taking moderated the gains. On the southern market, over 180 stocks advanced while 120 declined, with market liquidity reaching VNĐ33.2 trillion (US$1.3 billion). The VN30-Index also saw an increase of 13.3 points, closing at 1,922.25. Leading stocks rebounded after a mid-session dip, with significant gains by Vietinbank (CTG) and Sacombank (STB), which rose 2.5% and 2.4%, respectively. The securities sector saw SSI Securities Corporation (SSI) rise by 1% with high liquidity, while the steel sector also showed recovery through Hoa Phat Group (HPG). Among Vin-family stocks, Vinhomes (VHM) and Vincom Retail (VRE) surged by over 3.7%, whereas Vingroup (VIC) fell by 1.1%. The Hà Nội Stock Exchange also reported gains, with the HNX-Index rising by 0.47 points to 273.34. Foreign investors reversed their 15-session net-selling trend with net buying of VNĐ233.9 billion on HoSE. Minister of Finance Nguyễn Văn Thắng described the upgrade as a milestone, highlighting the potential for increased foreign investment and noting Vietnam's evolving role in the global financial system. Thắng emphasized that the upgrade is a step toward developing a transparent and quality market. Going forward, the Ministry of Finance plans to enhance investor access and modernize market infrastructure, aiming for an internationally standardized stock market. Key Takeaways VN-Index hits record high after FTSE market upgrade. Over 180 stocks rose, with significant gains in banking and retail. Foreign investors resumed buying, ending a long net-selling streak. Click here for more Vietnam stories Adapted by ASEAN Now from Vietnam News 2025-10-09
Create an account or sign in to comment