The stock market bulletin records notable developments, providing investors with multi-dimensional information about trends and growth potential. Below is a summary of some of the highlights and analysis of the market situation in the form of a bulletin.
Blue-chip stocks continued to put strong pressure on the index, while the market showed positive divergence.
The third consecutive price drop in VIC, VCB, and VHM "knocked" the 1800-point mark of the VN-Index, but it wasn't enough to "disrupt" the market. The relatively balanced market breadth, with a significant concentration of capital in the strongly rising stocks, suggests a different picture.
- Signal: Neutral
- Impact on: VIC, VCB, VHM, VPL, HPG, SSI, DGC, LPB, VJC, VRE
- Assessment: The decline in blue-chip stocks is creating resistance for the VN-Index in the short term; however, capital continues to flow well into mid-cap and fundamental stocks. Long-term investors can take advantage of the correction to accumulate stocks with good prospects. Closely monitor market reaction around the 1,800 level to assess the upcoming trend.
Has the Vietnamese stock market "exceeded" the FTSE upgrade criteria?
Although using a global securities firm as the sole partner is not a mandatory condition for upgrading to a secondary emerging market, the Vietnamese regulatory authority has successfully met this requirement.
- Signal: Positive
- Impact on: BTC, VSDC, FTSE, IGB, CCP, SGI
- Assessment: If successful in securing an upgrade from FTSE, the Vietnamese stock market could attract new ETF inflows in the medium and long term. This presents an opportunity for leading stocks within the index basket. Investors can patiently invest by accumulating blue-chip stocks with high liquidity and stable business performance.
VN-Index officially closed below 1800 points, stocks remained well-divergent.
VIC was pushed down to its floor price during the closing session, effectively closing the door on a potential reversal for the VN-Index. The index plummeted 1,211 TP3T, but surprisingly, the market breadth was slightly higher in the green, and the trading volume for this group was significantly higher.
- Signal: Neutral
- Impact on: VIC, VHM, VCB, BID, GAS, GVR, FPT, VJC, VPL, MSN
- Analysis: Closing below the psychological threshold of 1,800 points is a warning sign regarding the short-term trend. However, positive divergence indicates that investors remain optimistic about stocks with unique stories. Investors should adopt a strategy of maintaining a high proportion of fundamental stocks, while also watching for rebounds to restructure their portfolios more effectively.
VN-Index recovers slightly, testing the 1,830 point level.
VnEconomy presents the market outlook and investment recommendations from several securities companies regarding market developments on February 4, 2026.
- Signal: Positive
- Impact on: BVSC, BSC, SHS, TVS, KCN, YSVN, TNHH, TMCP, VCBS, MACD
- Analysis: The recovery and attempt to break through the 1,830 resistance level indicates that capital remains present in the market. Investors can take advantage of this rebound to take profits on short-term positions and restructure their portfolios towards sectors benefiting from macroeconomic policies. Risk management by setting clear stop-loss points is essential in a highly volatile environment.
Gold prices hit their biggest gain in 18 years, while SPDR Gold Trust was a net seller.
Global gold and silver prices rebounded strongly in Tuesday's trading session (February 3), with gold rapidly approaching the $5,000/oz mark, driven by bargain hunting and a weakening US dollar.
- Signal: Neutral
- Impacts: SPDR, CME, CPM, CNBC
- Analysis: The sharp rise in gold prices may increase caution in the stock market, as short-term capital tends to shift towards safe-haven assets. In the long term, this could boost mining and metals stocks. Investors need to reassess the correlation between gold and the stock market to adjust their portfolios accordingly.
DBJ partners with SSI to establish the Japan Vietnam Capital Fund.
The Development Bank of Japan (DBJ) and SSI Securities announced the establishment of the Japan Vietnam Capital Fund, jointly managed by DBJ and SSI Fund Management Company, marking 20 years of cooperation between the two parties and expanding Japanese capital flows into the Vietnamese capital market.
- Signal: Neutral
- Impact on: DBJ, SSI, HOSE, FTSE, AUM, VGIF
- Assessment: The establishment of a new fund by DBJ and SSI could open up opportunities to attract indirect investment capital from Japan, especially in stocks with strong fundamentals and transparency. This medium- and long-term capital flow will contribute to market stability. Investors should closely monitor the fund's portfolio as well as its correlation with the performance of related stock groups.
HNX liquidity in January 2026 increased by 31,411 TP3T, foreign investors were net sellers.
The HNX-Index showed an upward trend during the first three weeks of the month, peaking on January 22, 2026, and then falling sharply after reaching its peak.
- Signal: Neutral
- Impact on: HNX
- Assessment: The increase in liquidity on the HNX shows that domestic capital flows remain active, despite the continued net selling trend by foreign investors. Domestic investors can take advantage of this opportunity to selectively invest in stocks with better-than-expected business results. However, it is important to be aware of the risk from psychological factors influenced by foreign investors.
VinaCapital: Vietnam could achieve Investment-grade credit rating ahead of schedule.
The government has set a target of achieving Investment-grade rating by 2030; however, recent developments and VinaCapital's discussions with several major credit rating agencies reinforce the view that an upgrade could be achieved sooner.
- Signal: Positive
- Impact on: BBB, FTSE, FDI
- Assessment: Upgrading the national credit rating will positively impact the ability to attract FDI and reduce government borrowing costs. Domestic businesses will also benefit from a more stable financial environment. This is a suitable time to select medium- and long-term stocks in the infrastructure, banking, and export sectors.
The stock market news bulletin aims to provide investors with an overview, while emphasizing the importance of careful analysis before making investment decisions. Following market news from HVA The provision will help investors seize opportunities from short-term fluctuations and adjust their portfolios in line with market trends.
