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Vietnam’s stock market maintained its upward momentum for a second straight session on Friday, with banking shares spearheading the advance and foreign investors returning as net buyers after a three-day selling streak.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange climbed 14.06 points, or 0.77 percent, to finish at 1,829.04 points. Market sentiment remained broadly positive, with 213 stocks advancing against 118 declining issues. Trading volume reached nearly 29.1 trillion Vietnamese dong, equivalent to $1.1 billion.
Banking Sector Dominates Market Performance
Banking shares emerged as the primary catalyst behind Friday’s rally, with 11 out of 14 bank stocks in the VN30 basket posting gains. BIDV led the charge with a 3.18 percent surge, while Techcombank advanced 2.87 percent and MBBank climbed 1.87 percent. VietinBank, Vietcombank, and VPBank also recorded solid increases ranging from 1 percent to 1.27 percent.
The banking sector’s collective performance proved decisive for the broader market, with four major lenders – BIDV, Techcombank, Vietcombank, and MBBank – contributing approximately 6.7 points to the VN-Index’s total gain of 14.06 points. This represented nearly half of the benchmark’s advance for the session.
Five banking stocks ranked among the day’s most actively traded securities, including Saigon-Hanoi Bank, which recently announced impressive 2025 financial results. The lender reported pre-tax profit of 15.03 trillion dong, representing a 30 percent year-on-year increase that exceeded shareholder-approved targets by 104 percent. The bank’s service income surged 154 percent to 3.2 trillion dong, while total assets approached the 1 quadrillion dong milestone at 892.6 trillion dong.
Broad-Based Gains Across Sectors
Beyond banking, property developers delivered strong performances with Novaland hitting its daily price ceiling. CEO Group, IDICO Corporation, Kinh Bac City, and Becamex all advanced more than 3.2 percent, reflecting renewed investor interest in the real estate sector.
Oil and gas companies staged a notable rebound, led by PV Oil’s 9.4 percent surge. PetroVietnam Technical Services Corporation rose 4.37 percent, while PV Drilling gained 3.33 percent. Binh Son Refining and Petrochemical and Petrolimex also posted solid advances of 2.52 percent and 2.08 percent respectively.
Foreign Capital Returns
Foreign investors reversed their recent selling pattern, purchasing nearly 689.4 billion dong worth of shares on the main exchange after three consecutive days of net selling. This shift in foreign sentiment provided additional support for the market’s upward trajectory and suggested renewed confidence in Vietnamese equities.
The VN30-Index, which tracks the exchange’s 30 largest companies, gained 10.83 points or 0.54 percent to close at 2,029.81 points, with 19 constituents advancing. Meanwhile, the Hanoi Stock Exchange’s HNX-Index outperformed with a 1.35 percent gain to 256.13 points.
