Vietnam Stocks Rise Near 1700-Point Mark, Foreign Investors Maintain Net Selling

On July 23, Vietnam's stock market saw the VN-Index close at 1699.38 points, an increase of 30.85 points (1.85%) from the previous day. The market showed momentum approaching the psychological threshold of 1700 points. The breadth of the market on the Ho Chi Minh Stock Exchange (HoSE) indicated a recovery trend, with 189 stocks advancing, 122 declining, and 48 remaining unchanged. However, overall market liquidity decreased, with order-matched trading volume down by 9.5% compared to the previous session. This suggests that the recovery after a period of strong selling pressure is not uniform. Notably, foreign investors continued their net selling stance. Foreign investors' net selling value on HoSE for the day reached VND 489.4 billion (approximately USD 20 million). Vietnam's economy has consistently maintained high growth rates, and the stock market reflects this growth. However, the movements of foreign investors are always a point of attention as a factor for short-term market fluctuations. Their net selling could be explained by various factors, such as market overheating or capital reallocation seeking more attractive investment opportunities. Vietnam actively attracts foreign direct investment (FDI) while maintaining economic ties with China and promoting supply chain diversification. Within this macroeconomic environment, stock market trends also serve as a barometer of the domestic economy's health.