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.
Selling pressure eased, stocks recovered strongly, foreign investors net bought more than 2,400 billion
After the bottom-fishing session in the morning with a sudden increase in liquidity, the market showed signs of withdrawal from sellers in the afternoon session. Cash flow took advantage to "push up prices" but liquidity dropped sharply by 32%. Notably, foreign investors continued to disburse strongly, net buying a total of 2,408 billion VND on HoSE.
- Signal: Neutral
- Impact on: VIC, VHM, VRE, VPL, CTG, TCB, VPB, VCB, HDB, FPT
- Comment: The significant increase in foreign net buying is a positive signal, showing that foreign investors' confidence in the Vietnamese market prospects is being strengthened. This could create momentum for a short-term recovery, especially for blue-chip stocks that foreign investors prioritize disbursement. However, investors need to closely monitor liquidity developments and selling pressure at important resistance levels to have appropriate risk management strategies.
Money is rushing to catch the bottom, liquidity increased by 84%, foreign investors net "scooped" more than 1,700 billion
Although the VN-Index spent most of the morning session in the green, the breadth showed that stocks still fell more than they rose. Stock prices gradually slid, reflecting the pressure to cut losses over time. However, domestic and foreign cash flows were actively catching the bottom, pushing liquidity to skyrocket by 84% on both exchanges, reaching VND29,184 billion.
- Signal: Neutral
- Impact on: FPT, VHM, VJC, HDB, SCR, NVL, TCX, TVS, TCI, EVS
- Comment: Strong bottom-fishing cash flow and active participation of foreign investors show that the market is looking for a balance point after the adjustment period. The surge in liquidity of 84% reflects the return of excitement, creating opportunities for investors to surf or accumulate stocks with good fundamentals at attractive prices. However, the risk of correction is still latent if the cash flow cannot maintain the upward momentum, so it is necessary to prioritize position management and not use too high a margin.
What do securities companies think about the risk of breaking 1,600 points after a sharp decline?
VnEconomy introduces comments and investment recommendations of a number of securities companies on market developments on October 21, 2025.
- Signal: Neutral
- Impact on: BVSC, BSC, HSX, SHS, III, TVS, YSVN, VCSC, SSI, KLGD
- Comments: Comments from securities companies about the risk of breaking the 1,600-point mark are a reminder of the necessary caution in the context of market fluctuations. Net selling by foreign investors may increase short-term pressure, especially for pillar industries. Investors should review their portfolios, prioritize stocks with stable business results and limit chasing when the market has not yet determined a clear trend, and prepare scenarios for worse situations.
ETFs unexpectedly net buy Vietnam market after months of selling
During the week from October 13 to October 17, capital flows through ETF funds investing in the Vietnamese stock market recorded a net inflow of nearly VND 335 billion after 13 consecutive weeks in negative status with a cumulative inflow of more than VND 8.1 trillion.
- Signal: Neutral
- Impact on: VIC, VHM, MSN, HPG, VIX, FTSE, VEM, VFM, VNM, SHB
- Comment: ETF capital flows returning to net buying after many weeks of selling is a significant signal of change, showing that the interest of large funds in the recovering Vietnamese market. This can create strong support for large-cap stocks and promote positive sentiment of domestic investors. This is an opportunity to consider disbursing into blue-chip stocks that are prioritized by ETFs, but it is still necessary to monitor the sustainability of this cash flow to determine the long-term trend.
160 businesses have announced explosive growth in third quarter profits, with banks being the bright spot.
There have been 160 listed enterprises representing 9.41 TP3T of total market capitalization announcing financial reports or preliminary estimates of business results for the third quarter of 2025 with profits increasing by 1141 TP3T compared to the same period last year.
- Signal: Positive
- Impact on: VPB, VIX, SHS, BSI, VCI, CTS, GEE, VCB, BID, CTG
- Comment: The third quarter business results with impressive profit growth of 114% from 160 enterprises, especially the banking group, are a strong supporting factor for the market. This is the basis for expecting the recovery of many industry groups, creating investment opportunities in enterprises with good fundamentals and sustainable growth potential. Investors should focus on in-depth analysis of financial reports to select stocks, while carefully assessing industry prospects and managing price fluctuation risks.
The bond market will gradually prioritize businesses with healthy credit quality.
VISRating assessed 1,480 listed and registered businesses, about 75% have met the requirements on leverage limits and profitable operations. The bond market will gradually shift its focus to businesses with healthier balance sheets and more stable cash flows.
- Signal: Positive
- Impact on: ACB, OCB, TCB, MBS, TVS
- Comment: The trend of prioritizing businesses with healthy credit quality in the bond market will have a positive impact on the stock market, especially listed companies with solid balance sheets and stable cash flows. This encourages investors to shift capital to transparent and resilient businesses. This is an opportunity to restructure the portfolio, prioritizing stocks of businesses that are highly rated for financial management, minimizing long-term risks.
Dealing with bad debt is just one part of the challenge for the banking system.
FiinRatings believes that dealing with bad debt is only part of the current challenges that commercial banks are facing; the rest lies in the ability to maintain the capital safety ratio of banks, ensuring the system has long-term resilience.
- Signal: Neutral
- Impact on: People's Committee, CAR, State Bank, III
- Comment: FiinRatings's assessment of the challenges of the banking system, not only in bad debt but also in the ability to maintain capital adequacy ratio, is an important factor that investors need to pay attention to. Although seemingly neutral information, this reminds of the need to carefully analyze the asset quality and management capacity of each bank before making an investment decision. Prioritize banks with high capital adequacy ratio and well-controlled bad debt to minimize risks in long-term investment portfolios.
Central banks are also FOMOing in the gold rush
Gold prices hitting new records has become a familiar refrain over the past year and this year, but central banks continue to buy more gold than they sell.
- Signal: Neutral
- Impact on: WGC,FOMO
- Comment: The trend of central banks actively buying gold, despite the gold price continuously setting records, shows that concerns about inflation and global economic instability still exist. Although it does not directly affect the Vietnamese stock market, this is a warning signal about the potentially risky macro environment, encouraging investors to remain cautious. Diversifying the portfolio and not being too dependent on a single asset is a smart strategy in this context.
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.
