Vietnam Daily Market Recap February 25 2025 – VCB Analyst notes, LPB, VRE & Economic Updates

Stocks inch lower but hold above 1,300 amid tariff threats

Global markets fell on Tuesday as US President Trump confirmed 25% tariffs on Canadian and Mexican imports will proceed, despite ongoing negotiations on border security and drug trafficking (See our Macro Note). With USD918bn in trade at risk, fading hopes for a resolution hit market sentiment, especially in auto and industrial stocks. 

The VN-Index opened higher but gradually lost momentum, closing down 0.1% at 1,303.16. Total trading value dropped 7% DoD to VND19.4tn (USD762.2mn). The HNX-Index also fell 0.1% at 238.3. 

Most sectors traded in the red today. Sectors that decreased included Banks (-0.2%), Industrial Goods & Services (-0.8%), Telecommunications (-1.0%), Technology (-0.8%), and Basic Resources (-2.4%). Sectors that increased included Real Estate (+0.5%), Financial Services (+0.5%), Oil & Gas (+0.8%), and Media (+2.6%).

Vingroup stocks, including VEF (+4.6%), VHM (+1.2%), and VIC (+0.2%), saw gains today, following news that the Southern Thang Long Boulevard Urban Function Area project, also known as Vinhomes Me Tri 2, has been added to Hanoi’s 2025 land recovery plan, signaling progress in its legal clearance after years of stagnation since its detailed plan was approved in December 2016. VEF was announced as the main developer, driving positive sentiment in the market. Additionally, VIC (VEF’s parent company) and its flagship real estate arm, VHM, are also benefiting as investors assess the project’s potential progress. 

Foreign investors net sold today, with a net selling value of VND173.8bn (USD6.8mn). Selling momentum focused on FPT (VND192.0bn, USD7.5mn), HDB (VND95.9bn, USD3.7mn) and VCB (VND92.1bn, USD3.6mn). Conversely, they bought MWG (VND218.6bn, USD8.5mn) and VCI (VND74.9bn, USD2.9mn).

Today’s top laggards included VCB (-0.9%), FPT (-1.0%), and VNM (-1.4%). Top gainers included MBB (+1.7%), BCM (+2.8%), and VHM (+1.2%).

Read the full report: HERE