VN-Index Gains Nearly 6% This Week on Strong Boost from Vingroup and Banking Stocks

VN-Index Rebounds Sharply After Prior Week’s Correction

The Vietnamese stock market had a strong performance during the week of August 4–8, with the VN-Index climbing nearly 90 points, or almost 6%, driven by significant gains in Vingroup and banking stocks.

Following a sharp decline the previous week, the VN-Index surged for five consecutive sessions, closing at 1,584.95 points, up a total of 89.74 points. On the HNX, the HNX-Index also rose 2.84% (up 7.53 points) to 272.46 points.

Vingroup and Banks Lead the Market Rally

Vingroup and banking stocks — which had weighed heavily on the market last week — staged a strong reversal, becoming the main drivers of the uptrend.

VIC contributed over 12.4 points to the VN-Index’s gains.

VHM added nearly 4.9 points.

Among banks, six stocks were the top contributors:

VPB: +7.2 points.

TCB: +6.3 points.

MBB: +5 points.

CTG: +4.3 points.

BID: +4.2 points.

VCB: +3.3 points.

Additionally, HPG and MWG had active trading weeks, contributing more than 5.3 points and nearly 2.4 points respectively.

Minimal Negative Impact on the Index

On the downside, the impact was negligible:

FPT, the biggest decliner, only shaved off less than 0.5 points.

SJS and PNJ each lost just over 0.3 points.

In the VN30 basket, after a steep drop last week, 28 out of 30 stocks posted gains. Leading the pack were:

VIC: +18.2 points.

HPG: +17.7 points.
They were followed by VPB (+11.9 points), MWG (+10.9 points), and TCB (+10.4 points).

Only FPT (-1.7 points) and SAB (-0.2 points) recorded declines.

HNX-Index Supported by Oil & Gas and Securities Stocks

On the HNX, the uptrend was supported by:

CEO and SHS: each adding about +1.3 points.

PVS: +1.1 points.

KSV: +0.6 points.

On the losing side, KSF dropped more than 0.4 points, while THD and DTK fell around 0.3 points each — insufficient to reverse the upward trend.