On May 21, 2025, the stock market news bulletin highlighted notable developments, providing investors with a comprehensive overview of trends and growth potential. Below is a summary of some of the most prominent news and market analysis in the form of a quick news bulletin.
Vietnam's corporate bond market showed signs of recovery in March 2025.
Corporate bond issuances in March reached VND 10,699 billion, a significant increase compared to February. Many large enterprises such as TTC Bien Hoa, VietinBank, and ACB announced plans for new bond issuances in 2025. However, debt repayment pressure remains high with VND 181,892 billion in bonds maturing in the remaining months of the year.
- Signal: Positive
- Impact on: SBT, CTG, ACB
- Assessment: The corporate bond market is showing positive signs of recovery after a period of stagnation. However, the ability of businesses to repay their debts still needs to be monitored in the context of a challenging economic environment.
Dragon Capital proposes tokenizing ETF in Vietnam, opening up new investment opportunities
Dragon Capital, Vietnam's leading fund management company, proposed tokenizing ETFs to increase liquidity, reduce investment barriers and extend trading hours to 24/7. This is considered a reasonable step to convert from traditional assets to digital assets in Vietnam.
- Signal: Positive
- Impact on: DCVFMVN30 ETF, SSIAM VNX50 ETF, VFMVN Diamond ETF
- Comment: This proposal can promote the development of Vietnam's ETF market, attracting more individual and institutional investors. However, a clear legal framework is needed to ensure safety and transparency for investors.
High prices, many state divestment deals fail
Many recent auctions of state shares have been cancelled due to lack of investors participating. The main reasons are the starting price being much higher than the market price and the lack of interest from foreign investors.
- Signal: Negative
- Impact on: DMC, CHP, REE
- Comment: Delayed state capital divestment may negatively affect equitization plans and attract investment capital. This may put pressure on the stock market in the short term, especially stocks related to state capital divestment.
Individual registered to sell more than 60 million HDBank shares, expected to collect over 1,300 billion VND
Mr. Nguyen Huu Dang, Chairman of the Board of Directors of Vikki Digital Bank, registered to sell all 60 million HDB shares (1.713% capital) from April 1-29. The transaction is to solve personal financial needs, expected to earn more than VND 1,300 billion at current market price.
- Signal: Neutral
- Impact on: HDB, VIB, TCB, ACB
- Comment: Large divestments may put short-term pressure on HDB’s price. However, HDBank’s positive business outlook in 2025 may help limit the negative impact. Banks in the same segment may also be indirectly affected.
Vinhomes expects a sudden profit growth of 1,254% in Q1/2025, leading the real estate industry
- Signal: Positive
- Impact on: VHM, VIC, NVL, DXG, KDH
- Comment: The forecast of strong profit growth of Vinhomes and leading real estate enterprises shows the recovery prospects of the industry. This can boost investor confidence, creating growth momentum for the stock market in 2025.
Saigonres Chairman spends 800 billion VND to buy shares, increasing ownership to 47,75% capital
Mr. Pham Thu, Chairman of the Board of Directors of Saigonres, registered to buy 20 million SGR shares through private placement at VND40,000/share, 5% higher than the market price. The proceeds will be used to pay off debts and invest in projects.
- Signal: Positive
- Impact on: SGR, VN-Index
- Comment: The company chairman buying a large amount of shares at a price higher than the market price shows confidence in the business's prospects. This can have a positive impact on investor sentiment, especially in the real estate sector.
The Vietnamese stock market continued its slight decline, with liquidity falling sharply in the afternoon session of March 27.
- Signal: Neutral
- Impact on: VN-Index, HNX-Index, UpCoM-Index
- Analysis: Cautious capital flows and the absence of leading stocks have left the market lacking significant momentum. The sharp decline in liquidity indicates a cautious investor sentiment. However, some stocks, such as SHB and FPT, have performed positively, helping to mitigate the market's decline.
Stock liquidity plummets, hits 1-month low as market struggles
- Signal: Negative
- Impact on: VN-Index, HoSE, banking stocks
- Comment: Low liquidity and a slight decrease in the index indicate investors' cautious sentiment. The correction trend may continue in the short term, especially in the banking group. However, foreign net buying is showing signs of improvement.
Foreign investors significantly reduced their net selling pressure, with net sales reaching just over 100 billion VND on March 27th.
Foreign investors sold a net 102.38 billion VND across the entire market, a decrease of 811 TP3T compared to the previous session and the lowest level since the beginning of the year, excluding sessions where they bought net.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, UPCoM-Index
- Assessment: The sharp decrease in net selling pressure from foreign investors is a positive sign, helping to support market sentiment. However, the decline in liquidity indicates that investors remain cautious. Further developments in the coming sessions are needed.
HSBC expects Vietnam to have a chance to upgrade its stock market to Emerging Market status in 2025
Mr. Gary Harron, Head of HSBC Vietnam Securities Services, commented that the Vietnamese stock market has made significant progress over the past decade and is striving to meet FTSE Russell's criteria for upgrading. The upgrade could attract about $6 billion in foreign capital into the market.
- Signal: Positive
- Impact on: VN-Index, HNX-Index, HOSE, HNX
- Comment: The prospect of market upgrade will create positive momentum for Vietnam's stock market in the short and medium term. This can promote foreign capital inflows into the market, improve liquidity and stock valuation, especially large-cap stocks.
The stock market news brief aims to provide investors with an overview, while emphasizing the importance of careful analysis before making investment decisions. Following the stock market news brief from HVA The provision will help investors seize opportunities from short-term fluctuations and adjust their portfolios in line with market trends.
