Vietnam Stock Market Shows Recovery Signals After Lunar New Year: VN Index Holds at 1,824 Points

Market Performance and the VN Index The Vietnam stock market experienced a volatile period following its strong performance in the early weeks of 2026.
In the first half of January, the VN Index reached an all-time high of 1,918 points, setting a historical record.
Following this peak, the index underwent a correction phase, dropping as low as 1,740 points.
However, it showed signs of recovery during the final trading week before the Lunar New Year holiday.
As of February 13, the VN Index closed at 1,824.09 points, an increase of approximately 40 points compared to the end of 2025.
Sectoral Divergence and the Rise of Public Companies A clear divergence was observed among stock groups in the market.
The Politburo's Resolution No.
79-NQ/TƯ, aimed at developing the state economy, increased interest in major public companies such as VCB, CTG, GAS, and GVR.
This resolution raised the possibility of privatization in sectors where state control is not deemed essential, attracting both speculative and investment capital to this group.
In contrast, VinGroup shares, which led the market in 2025, experienced capital outflows, with some stocks losing 30-40% of their value from their peak levels.
Meanwhile, the export, chemical, and oil and gas sectors maintained a positive trajectory, driven by strong financial results from the fourth quarter of 2025.
Foreign Investor Movements and Risk Factors Foreign investors have maintained a net selling position since the beginning of the year.
Net sales reached approximately 6,000 billion VND in January and 3,000 billion VND in February.
Despite this, the market is expected to enter a new recovery phase after the holiday period.
Experts project that index levels will move higher by the end of the first quarter and the beginning of the second quarter of 2026.