Vietnam Daily Market Recap February 28 2025 – Banking note, TCM Update

Stocks decline but hold above 1,300; Real Estate outperforms

The VN-Index opened lower on Friday and traded in negative territory for most of the session, closing down 0.2% at 1,305.4. Total trading value dipped 0.4% DoD to VND18.7tn (USD730.4mn). The HNX-Index also declined 0.1% to 239.2.

Most sectors declined, including Insurance (-1.3%), Media (-1.0%), Technology (-0.7%) and Industrial Goods and Services (-0.6%). Sectors that increased included Chemicals (+1.1%), Oil & Gas (+1.1%) and Construction & Materials (+0.5%).

Real Estate (+0.4%) advanced, led by NVL (+5.0%), NLG (+4.4%), and DXG (+2.2%), as positive legal progress on real estate projects in Dong Nai boosted investor sentiment. Authorities are adjusting the 1/5,000 master plan of the C4 sub-division, with final approval expected by mid-2025, according to NVL’s management. Aqua City (NVL) is poised to be the main beneficiary, while the legal greenlight also sends a positive signal to Izumi City (NLG), which is adjacent to Aqua City, and Gem Sky World (DXG), which is also located in Dong Nai province.

Industrial park developers MH3 (+14.8%) and NTC (5.3%) also surged, following news that Minh Hung III Phase 2 (483.4ha), developed by MH3, received investment approval. NTC currently holds a 37.8% stake in MH3.

Foreign investors were net sellers today, with net selling value surging 54.2% DoD to VND985.7bn (USD38.6mn), the highest since February 10. Selling momentum focused on HPG (VND115.9bn, USD4.5mn), TPB (VND102.0bn, USD4.0mn), VHM (VND99.4bn, USD3.9mn) and MSN (VND76.5bn, USD3.0mn). On the contrary, they bought VPB (VND47.3bn, USD1.9mn), NLG (VND44.8bn, USD1.8mn) and CTG (VND36.3bn, USD1.4mn).

For the week, the VN-Index advanced 1%, breaking through the 1,300 level on Monday. Total trading value surged 16.0% to VND94.7tn (USD3.7bn), fueled by positive market sentiment. Foreign investors net sold each day this week, with total net selling value increasing 3.2x to VND2.9tn (USD112.8mn).

Today’s top laggards included VCB (-0.7%), HPG (-1.6%) and LPB (-1.6%), while top gainers included GVR (+2.1%), NVL (+5.0%) and EIB (+2.4%).

Read the full report: HERE