Vietnam Daily Market Recap January 8, 2025 – ETF Report & SZC Analyst Note

Stocks rise, led by banks, real estate

The VN-Index traded lower in the morning on Wednesday but rallied in the afternoon to close up 0.3% at 1,251.02. Liquidity remained low, with the trading value on HoSE exceeding VND10tn (USD394.4mn). The HNX-Index rose 0.4% to 221.87.

Banks (+0.3%), Real Estate (+0.4%), and Industrial Goods & Services (+1.4%) rose, while Telecommunications (-1.3%) and Technology (-1.1%) lost ground today.
The latest positive news for MWG (+1.8%) is that, after one month of implementing the VPBank-linked deposit, withdrawal, and transfer service at Thegioididong and Dien May Xanh supermarkets, there have been 150,000 transactions, with a total value nearing VND1tn (USD39.4mn), functioning similarly to an ATM.

HDB (-3.9%) fell today but recently announced the successful issuance of VND3tn (USD118.8mn) in green bonds with maturities of two, three and five years, in compliance with the voluntary principles of the International Capital Market Association (ICMA) and the Loan Market Association (LMA). The green bonds issued by HDBank attracted strong interest from major professional investors, with the subscription volume reaching 100% in a short period.

As for logistics giant VTP (-5.9%), in the first four trading sessions of 2025 alone, Viettel Post’s market capitalization increased by over VND2.1tn (USD82.8mn) to surpass VND19tn (USD749mn). On January 6, VTP caught the market’s attention, hitting the maximum allowed price increase, with nearly 2.3 million shares traded, double the average trading volume in recent sessions, and reaching its highest level in nearly two months. On January 7, the stock continued its positive momentum with a +1.8% increase, setting a new high. However, the Wednesday session (-5.9%) marked the end of the consecutive uptrend, despite the positive outlook as Viettel Post is undergoing a transformation and entering a new growth phase. In 2025, when the Lang Son logistics park becomes operational, additional revenue through the Lang Son and Lao Cai border gates is expected.

Foreign investors net sold VND446bn (USD17.6mn). Selling momentum focused mainly on FPT (VND230bn, USD9.1mn), STB (VND70bn, USD2.8mn), and VTP (VND56bn, USD2.2mn). Foreign investors bought TCB (VND103bn, USD4.1mn), HDB (VND49bn, USD1.9mn), and MSN (VND42bn, USD1.7mn). Additionally, VHM and VGC were also bought, with values of VND28bn (USD1.1mn) and VND26bn (USD1mn), respectively.

Top market performers included TCB (+1.3%), CTG (+0.9%), MWG (+1.8%), GVR (+1.2%), and MSN (+1.4%). Top market laggards were HDB (-3.9%), FPT (-1.2%), VTP (-5.9%), STB (-0.5%), and BID (-0.1%).

Read the full report: HERE