Vingroup shares hit ceiling

Vingroup's VIC code just hit the ceiling in the morning trading session on July 14. The market price of this stock has reached 115,500 VND/unit.

Vingroup stocks continued to support the market in the morning session of July 14 - Photo: QUANG DINH

At the end of the morning session, VN-Index increased by nearly 8 points, reaching 1,465.22 points. Although the HoSE floor had 176 stocks decreasing and only 132 stocks increasing, the index was still strongly supported by the impressive price increase of Vingroup stocks.

VIC code alone increased to the maximum limit (+6.94%), pushing the market price up to 115,500 VND/unit. The positive performance of this stock appeared right after the news that Hanoi will ban gasoline-powered motorbikes in the beltway area 1 from July 2026.

According to experts, many stocks will benefit as Vietnam promotes its emission reduction policy, aiming for Net Zero by 2050, especially electric vehicle manufacturing, trading and distribution businesses such as Vingroup.

VAMA data shows that in the first 6 months of 2025, three electric car models VinFast VF 3, VF 5 and VF 6 continued to lead in sales in the Vietnamese automobile market.

Besides VIC, some other codes such as HUT of Tasco (+2.2%), POW of PV Power (+4.09%)... also increased in price quite well in this morning's session.

Tasco is currently the distributor of electric vehicle brands of Geely (China). PV Power benefits from the strategy of developing a system of electric vehicle charging stations.

Returning to the general market developments, liquidity this morning was quite good, reaching nearly 18,300 billion VND. Of which, HoSE accounted for 16,600 billion VND.

The differentiation was quite strong in the securities and banking stocks. While SSI (-0.67%), VND (-0.56%), TCB (-0.43%), CTG (-1.57%)... faced correction pressure, VPB (+4.22%), BID (+1.12%), VCI (+1.83%), SHS (+2.2%)... still increased well.

Mr. Dong Thanh Tuan - Mirae Asset Securities (Vietnam) - said that for the stock market, growth prospects continue to be reinforced by domestic growth momentum combined with a macro context that is gradually becoming clearer.

In addition, the story of upgrading the market according to FTSE standards is expected to attract foreign capital back to the Vietnamese market soon, increasing demand in the medium and long term.

However, Mr. Tuan also recommended a cautious stance in the short term as the shocking increase in a short period of time (VN-Index is currently recording a streak of 10 consecutive sessions of increase) could trigger widespread profit-taking if there is suddenly negative news.

Therefore, the suitable support zone for VN-Index in the short term is expected to be around 1,430 points.

Hanoi's motorbike ban roadmap

On July 12, Prime Minister Pham Minh Chinh issued a directive on a number of urgent and drastic tasks to prevent and resolve environmental pollution.

According to the directive, the Prime Minister requested Hanoi to deploy solutions for organizations and individuals to convert vehicles, ensuring that by July 1, 2026, there will be no more motorbikes and scooters using fossil fuels circulating in the beltway area 1.

From January 1, 2028, in addition to banning gasoline-powered motorbikes and scooters, private cars using fossil fuels will also be restricted within beltway 1 and beltway 2.

By 2030, it will apply to all personal vehicles using fossil fuels within the 3rd beltway, according to the directive.

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BINH KHANH

Source: https://tuoitre.vn/co-phieu-vingroup-tang-kich-tran-20250714120320564.htm