Vietnam Stocks Decline, VN-Index Drops Below 1800 Amid Real Estate and Energy Sector Pressure

On September 24, Vietnam's stock market continued to face selling pressure during the trading session, causing the VN-Index to drop by 26.56 points to 1775.09 points, losing the 1800-point threshold. Specifically, the real estate, energy, and banking sectors all experienced a downward trend simultaneously. These sectors hold significant influence in the Vietnamese economy, casting a shadow over the overall market sentiment. Foreign investors were net sellers of over VND 866 billion (approximately $35 million) on this day, confirming capital outflow from the market. Under Vietnam's one-party system, economic growth is one of the top priorities, and the stock market also serves as a barometer for this growth. While the real estate sector has been a driver of economic growth in recent years, issues such as tightening regulations and liquidity problems have also been pointed out, and this decline may reflect such concerns. The energy sector is also susceptible to fluctuations in international energy prices and domestic policy trends. In terms of relations with China, while Vietnam strengthens its economic ties, it also faces geopolitical risks. Such external factors may also contribute to investors' risk aversion.