Vietnam Stocks Plunge Over 63 Points, VN-Index Breaks 1700 Support Amidst Widening Selling Pressure

The Vietnamese stock market experienced a significant downturn on July 22, with the VN-Index falling 63.03 points (-3.58%) to close at 1,668.53, breaking the psychological support level of 1,700 points. The market saw a surge in selling pressure across numerous stocks, leading to an overall negative trading session. On the Ho Chi Minh Stock Exchange (HoSE), 234 stocks declined, while only 68 managed to gain. Forty-five stocks remained unchanged. Market liquidity increased, with trading volume rising by 47.9% compared to the previous session. This indicates a sharp increase in selling pressure on many VN30 constituents. Notably, foreign investors turned net sellers on HoSE, with a net selling value of VND 1,937 billion on this day. While Vietnam's economy has demonstrated robust growth in recent years, it faces external challenges such as global inflation, tightening monetary policies, and geopolitical risks. Such market fluctuations can impact domestic investor sentiment. The Vietnamese government is expected to continue its efforts to stabilize the market through monetary policy adjustments and regulatory measures to maintain economic stability and growth, though short-term market volatility is anticipated to persist.