[REVISION HISTORY]

Vietnam market volatility, foreign outflows, and recovery

29 recorded revisions of this situation.

What changed

2026-10-29 02:37 UTC → 2026-10-31 17:32 UTC · added ~~removed~~

The VN-Index has experienced significant volatility, characterized by periods of sharp decline followed by attempts at recovery. In early September 2026, the index faced resistance near 1,850 points before reversing to close at 1,827 on September 7. By mid-September, the market entered a downward adjustment, dropping below the 1,800-point threshold to approximately 1,795 points due to widespread selling in finance, real estate, and technology sectors. Despite the market receiving an upgrade to emerging market secondary status by FTSE Russell on September 18, the index continued to slide, closing at 1,768.62 points by the end of September. This decline was driven by large-cap stocks in the real estate and petroleum sectors, such as VHM, VIC, and GAS, alongside sustained net selling by foreign investors. Following a period of heavy pressure that saw the index fall below the 1,700-point psychological threshold in mid-October, the market showed signs of a technical recovery. By mid-October, the index reclaimed the 1,700-point mark, though experts cautioned that high domestic interest rates and foreign net selling might make this a “temporary rebound rather than a confirmed trend reversal.” In late October, the market experienced further fluctuations. On October 27, the VN-Index underwent a technical adjustment, closing slightly down at 1,761.87 points amid low liquidity and continued pressure from foreign investors selling large-cap banking and technology stocks. ~~However, by October 28,~~ While the index closed at 1,766.65 points on October 28 as liquidity ~~improved, with~~ improved and the banking ~~sector—specifically HDB, VCB, and TPB—leading~~ sector led a modest ~~recovery.~~ recovery, the market faced renewed selling pressure by the end of the month. The VN-Index fell 32.53 points, or 1.83 percent, to close at 1,741.62, while the HNX-Index dropped 1.48 percent to 252.74. This period was marked by declining liquidity on the HoSE and continued net selling by foreign investors.

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