Vietnam Daily Market Recap March 12, 2025 – PHR & DXG updates, ETF Report

Stocks creeps higher, buoyed by VCB, VHM

The VN-Index opened higher on Wednesday and traded in positive territory for most of the session amid selling pressure created by Wall Street’s continued weakness. The VN-Index closed up 0.1% to 1,334.4, continuing its momentum against global economic headwinds. Liquidity stayed roughly the same, with total trading value increasing 1.9% to VND21.9tn (USD857mn). The HNX-Index rose 0.5% to 241.9.

On the sector level, Real Estate (+1.3%), Industrial Goods & Services (+0.9%) and Health Care (+0.5%) led gainers today whereas Basic Resources (-1.8%), Technology (-1.2%) and Chemicals (-1.0%) fell.

VCB (+3.1%) and VHM (+3.2%) jumped and enjoyed outsized contributions to today’s performance due to their large market capitalizations. VCB reached a record high amid massive trading volume after announcing stock dividends, solidifying its position as the bank with the biggest registered capital. Meanwhile, VHM has surged ~25% since mid-February as investors anticipate the firm will officially launch Vinhomes Wonder City, a 133-hectare project located near Hanoi’s central business district, next month.

Foreign investors net sold today, with a net selling value of VND836.4bn (USD32.7mn). Selling momentum focused on FPT (VND297.9bn, USD11.6mn), GMD (VND119.4bn, USD4.6mn), and VCB (VND86.5bn, USD3.4mn). In contrast, they bought VHM (VND151.3bn, USD5.9mn), VIC (VND98.9bn, USD3.9mn), and VND (VND79.6bn, USD3.1mn).

Today’s top gainers included VCB (+3.1%), VHM (+3.2%) and VIC (+1.7%), while top laggards included BID (-1.2%), GVR (-1.8%) and FPT (-1.2%).

Read the full report: HERE