Vietnam Stock Market Rebounds, VN-Index Up 11 Points on Increased Liquidity

At the close of trading on July 28, Vietnam's main stock index, the VN-Index, rose 11.61 points (0.7%) to 1,680.62 points, remaining below the 1,700-point resistance level. The market breadth on the Ho Chi Minh Stock Exchange (HoSE) leaned towards recovery after a period of sharp decline and forced selling. There were 189 gainers, 122 decliners, and 53 stocks that remained unchanged. Market liquidity increased, with the matched trading volume up 16.9% compared to the previous session. This indicates a fairly good recovery in short-term demand. Many stocks and sectors that faced prolonged selling pressure subsequently showed good recovery. Foreign investors continued to be net sellers on HoSE, with a net selling value of VND 1,978 billion (approximately USD 83 million) during the session. Under its one-party system, Vietnam prioritizes economic growth, with the stock market serving as a key indicator of domestic economic health. The Vietnamese economy has experienced robust growth in recent years, driven by manufacturing and exports. However, global economic fluctuations, inflationary pressures, and complex relations with China are constant factors influencing market volatility. The movements of foreign investors are closely watched as they reflect market sentiment and the willingness of foreign capital to flow into the country.