Vietnam Stocks Recover Late Week but End Lower, Foreign Investors Continue Net Selling

The Vietnamese stock market experienced a sluggish performance throughout the third week of September (September 21-25). The main stock index, VN-Index, failed to hold the 1,800-point support level and only showed signs of recovery in the latter half of the week, ultimately closing down 1.68% for the week at 1,785.11 points. Market breadth indicated a negative bias for the week, with sector-specific divergences. Liquidity also decreased, with trading volume on the Ho Chi Minh Stock Exchange (HoSE) falling by 19.9% compared to the previous week. Foreign investors continued their net selling stance this week, with net sales on HoSE amounting to VND 2,865 billion (approximately USD 12.5 million). While the Vietnamese economy continues to show robust growth, particularly in manufacturing, it is not immune to external factors such as global supply chain disruptions and inflationary pressures. The pace of domestic consumption recovery and the trends in the real estate market could be factors influencing future market fluctuations. The stability of economic policies under the one-party system remains a key element for investors, though global monetary policy trends and geopolitical risks also warrant close attention.