The VN Index on the Ho Chi Minh Stock Exchange rose 79.01 points, or 4.71 per cent, to close at 1,756.55 points, marking its strongest one day percentage gain in roughly a year. The benchmark now stands about 150 points, or 8 per cent, below its all time high.
Market breadth was overwhelmingly positive, with 322 stocks advancing against 27 decliners. Liquidity jumped to VND 34.9 trillion (approximately USD 1.4 billion), equivalent to nearly 1.3 billion shares traded.
The VN30 Index climbed 90 points, or 4.89 per cent, to 1,931.01 points, with 29 of 30 constituents rising and seven hitting the daily ceiling of 7 per cent.
On the Hanoi Stock Exchange, the HNX Index gained 6.62 points, or 2.68 per cent, to 253.32 points.
Large cap stocks led the rally, with Vingroup and Vinhomes contributing nearly 27 points to the VN Index’s gain.
Securities firms drove the advance, as major brokerages including SSI, VNDirect, VIX, Techcom Securities and Viet Dragon Securities closed at their ceiling prices.
Banking stocks also rallied, with Techcombank and Sacombank hitting the daily limit, while most lenders rose between 3 and 5 per cent. LPBank was an exception, slipping about 1 per cent.
Real estate developers such as Novaland, Dat Xanh Group, Nam Long and Khang Dien also recorded strong gains, while smaller property stocks generally rose around 3 per cent.
Foreign investors, however, remained net sellers, offloading VND 652.5 billion (approximately USD 25.8 million) on the Ho Chi Minh Exchange and VND 11.75 billion (approximately USD 0.5 million) on the Hanoi exchange.
The rally was supported not only by FTSE Russell’s upgrade timeline but also by a resilient macroeconomic backdrop.
Dang Thanh Tung, associate director at Dragon Capital Vietnam, said the economy shows stronger stability than many peers. He noted that government efforts, together with PetroVietnam, have secured sufficient crude supply for the Nghi Son Refinery to operate at optimal levels through at least the end of May 2026.
Tung cautioned that if oil prices remain elevated for nine to 12 months, inflation could rise to around 4.5 to 5 per cent and GDP growth could slow by 0.5 to 1 percentage point. However, he added that fiscal measures such as faster public investment, tax relief and targeted subsidies could help mitigate the impact.
