After the upgrade news, stocks continuously set historical peaks.

After the transition week between Q3 and Q4/2025, the Vietnamese stock market recorded a historic trading week when it was upgraded from Frontier market to Secondary Emerging market by rating organization FTSE Russell.

Investors monitor stock market developments at the HOSE floor. Photo: Hua Chung/VNA

Increased score beyond forecast

According to Saigon - Hanoi Securities Joint Stock Company (SHS), this positive information, along with the good growth momentum of the economy , helped the VN-Index increase strongly by 6.18% during the week, surpassing the peak of September 2025 and closing at 1,747.55 points, heading towards the price range of 1,750 - 1,800 points. The VN30-Index also recorded an increase of 6.51%, to 1,980.57 points, surpassing the old peak and heading towards the 2,000 point mark.

Market breadth was strongly positive with many sectors making breakthroughs. Real estate was the focus as a series of leading stocks led the increase, followed by steel, securities, retail, banking, and oil and gas groups, while some groups such as textiles and insurance had less exciting developments.

Liquidity also increased again after 3 consecutive weeks of decline, trading volume on HOSE increased by 17.4% compared to the previous week, reaching an average of 970 million shares/session. Improved cash flow shows that market sentiment has become more optimistic, although foreign investors still sold net for the 12th consecutive week with a value of VND 5,046 billion on HOSE.

SHS assessed that the short-term trend of the market is positive after more than a month of accumulation. After retesting the old peak around 1,710 points, VN-Index is expected to head towards the 1,750 point area, while VN30 can approach the 1,970 - 2,000 point area. In addition, the high GDP growth figures for the third quarter, which are expected to reach over 8% for the whole year, are considered an important highlight to boost investor confidence and affirm the strong "transformation" of the economy as well as the Vietnamese stock market.

SHS recommends that, in the context of the market entering a new growth cycle, investors should maintain a reasonable proportion, focus on stocks with good fundamentals, leading in strategic fields and benefiting from economic growth trends.

Sharing a positive view, Vietnam Construction Securities Joint Stock Company (CSI) commented that the weekend session (October 10) ended with many expectations when the VN-Index approached the 1,750-point mark, far exceeding the forecast of most investors. The general index increased by 101.73 points during the week, equivalent to 6.18%, thanks to the strong rebound from the Vingroup ecosystem stocks (VIC, VHM, VRE, VPL) - the main driving force of the market since the upgrade information was announced.

Despite the strong increase in the index, liquidity has not really exploded, only improving by about 19.3% compared to the previous week and still 16.1% lower than the 20-week average. The total trading value on the HOSE floor reached VND31,960 billion, equivalent to 1,044 billion shares.

All 21/21 industry groups increased; in which, real estate increased by 12.9%, led by VIC and VHM, followed by retail (up 6.91%) and steel (up 6.89%). Regarding foreign transactions, HPG was net bought 817 billion VND, GEX (506 billion VND) and VIC (359 billion VND); while VRE was net sold up to 895 billion VND, followed by MBB and MSN with net sold 696 billion VND and MSN 645 billion VND respectively.

CSI said that the weekend session saw the VN-Index open a "bullish gap" and continuously increase, closing at the highest level of the day, reinforcing the positive trend on both the daily and weekly charts. Although liquidity has not yet changed dramatically, the strongest increase of all time this week shows that market sentiment has turned to a state of excitement. CSI expects the VN-Index to continue its upward momentum next week, with the goal of conquering the resistance level of 1,780 points.

With a positive economic context, upgrade information and improved cash flow, both SHS and CSI believe that the Vietnamese stock market is entering a new growth phase, opening up attractive investment opportunities for the end of 2025.
In contrast to the overwhelming green in Vietnam, US stocks witnessed a volatile week and the deepest decline in many months.

S&P 500 Index Recorded Biggest Drop Since May 2025

For the week, the S&P 500 recorded its sharpest decline since May 2025, while the Nasdaq Composite recorded its deepest decline since April 2025. This negative development appeared in the context of escalating US-China trade tensions and the US government shutdown that shows no sign of ending.

On the weekend of October 10, major indexes fell sharply after US President Donald Trump announced an additional 100% tax on imports from China from November 1 or earlier, in response to Beijing's control of rare earth exports. At the end of the session, the Dow Jones fell 878.82 points (1.9%) to 45,479.60 points, the S&P 500 fell 182.6 points (2.71%) to 6,552.51 points, and the Nasdaq Composite fell 820.2 points (3.56%) to 22,204.43 points - the sharpest decline since April 2025.

Earlier, at the beginning of the week of October 6, the US market had reached a new peak thanks to a wave of investment in technology and artificial intelligence (AI) stocks. However, after a period of strong growth, cautious sentiment quickly returned as political risks and fiscal instability increased.

While China announced a clampdown on rare earth exports, the US government continued to be shut down for 10 days due to a budget impasse in Congress. Economic data was suspended, causing investors to turn their attention to the Federal Reserve. Some Fed officials were cautious, saying that interest rate cuts needed to be carefully considered while inflation still posed risks.

In the contrasting context between the two markets, global investors are shifting their attention to emerging markets with stable growth and clearer prospects, in which Vietnam has emerged as a bright spot thanks to the upgrade information and positive macroeconomic foundation.

At the same time as the US market adjusted, Vietnamese stocks maintained their attraction for domestic cash flow and stabilized investor sentiment, demonstrating their increasingly clear role on the regional financial map.

Source: https://baotintuc.vn/thi-truong-tien-te/sau-thong-tin-nang-hang-chung-khoan-lien-tiep-lap-dinh-lich-su-20251012100358921.htm