Vietnam Daily Market Recap January 15, 2025 – VIC & NKG Updates

Stocks rise, led by public investment stocks

The VN-Index popped higher at the open on Wednesday and traded in the green the entire session, closing up 0.6%, or 7.11 points, to reach 1,236.18. The HNX Index also closed higher by 0.6%, or 1.28 points, to 219.55. The total trading value on HoSE was higher than the Tuesday session by 21%, surpassing VND10.3tn (USD405mn). Gainers outnumbered losing tickers by more than 2:1 and nearly every sector gained.

During today’s session, Financial Services (+1.1%), Chemicals (+1.0%) and Real Estate (+0.7%) outperformed the market, while Telecommunications (−0.7%) and Industrial Goods & Services (−0.2%) declined.

Public investment stocks attracted significant capital inflow, driving strong gains. Notable performers included FCN (+7.0%) and HT1 (+6.8%), both of which hit their ceiling prices, along with HHV (+4.2%), LCG (+5.5%), VCG (+5.1%), C4G (+5.2%), and BCC (+7.1%).

In 2025, Vietnam will continue to accelerate the implementation of key infrastructure projects, including the North-South Expressway Phase 2 (VND147tn, USD5.8bn), Long Thanh International Airport – LTIA (VND336tn, USD13.2bn), Ho Chi Minh City Ring Road 3 (VND75tn, USD3bn), and Hanoi Ring Road 4 (VND88tn, USD3.5bn).

This upward momentum coincided with the amended Public-Private Partnership (PPP) Investment Law, which took effect on January 15, 2025. The legislative changes will not only eliminate existing barriers but also expedite the execution of major projects, thereby creating substantial opportunities for enterprises in the construction and public investment sectors.

Foreign investors net sold today (VND406.1bn, USD16mn). Selling momentum focused on FPT (VND144bn, USD5.6mn), STB (VND133bn, USD5.2mn), and HPG (VND52bn, USD2.1mn). In contrast, buying focused on HDB (VND42bn, USD1.7mn) and KBC (VND38bn, USD1.5mn).

Top gainers today included MSN (+3.3%), HPG (+1.4%), HVN (+4.0%), VPB (+1.4%), and GVR (+1.6%). Top laggards included VCB (-0.3%), CTG (-0.5%), LGC (-6.9%), BCM (-1.1%), and STB (-0.9%).

Read the full report: HERE