On June 24, the Vietnamese stock market extended its upward momentum, with the VN-Index climbing to nearly 1,367 points—the highest level seen since April 2022. This surge was largely fueled by standout performances from Vingroup (VIC) and Vinhomes (VHM) stocks.
Since early May, the VN-Index on the Ho Chi Minh Stock Exchange (HOSE) has consistently set new three-year highs. Having hit 1,358 points earlier this week, the index quickly surpassed that benchmark today amid sustained investor confidence. Market experts believe the index is well-positioned to break through the 1,360–1,370 range in the short term.
Vingroup-Driven rally powers market
The Vingroup ecosystem led the charge, contributing around 6 points to the VN-Index’s gain. VIC rose 3.2% to VND 95,800 per share, while VHM soared 4.5% to VND 77,300. Other affiliated stocks, including VRE and VPL, posted modest increases under 1%.
This momentum reinforces the pivotal role of large-cap real estate developers in shaping Vietnam’s market growth—an important signal for both domestic and foreign investors keeping an eye on long-term urban development.
Brokerage and real estate stocks rally
Brokerage firms saw broad-based gains, with VNDirect (VND) leading the sector at a 6.3% increase, followed by VIX, HCM, and SSI with gains ranging from 2–3%. Real estate stocks also enjoyed a strong session. In addition to VHM’s impressive jump, LDG and DXG stood out with respective gains of 3.7% and 3%.
Market liquidity surges as foreign investors return
A notable highlight in today’s session was the surge in liquidity. Over 971 million shares were traded on HOSE, totaling VND 25.6 trillion, up VND 4 trillion from the previous session. SSI and GEX led in trading value, both exceeding VND 1 trillion.
Meanwhile, foreign investors ended their four-session net selling streak, turning to net buyers with a value of VND 2.9 trillion. VNDirect drew the most foreign attention, with nearly 13 million shares purchased, followed by SSI (6.2 million), HPG, DGW, and VPB.
What this means for you
At Hide and Seek, we help international professionals and investors make sense of Vietnam’s fast-evolving markets. Whether you’re planning to enter the market, expand operations, or simply monitor economic shifts, we provide in-depth market analysis and legal guidance to support informed decisions.