The VN-Index gained 46.7 points (+2.76%) to 1,738.67 points, its strongest rise in over half a year, with the Vingroup group contributing nearly 34 points; VIC, VHM and VRE hit the daily limit-up. HoSE liquidity improved markedly, with trading volume above 800 million units and matched value of VND 16,600 billion. Foreign investors net bought VND 193 billion on October 21, ending a streak of 20 consecutive sessions of net selling on HoSE. According to BSC, the 2026 profit growth forecast for the surveyed listed companies was raised to 26%, and 2027 is expected at 12%; BSC sees this as an appropriate time to allocate to stocks for medium- and long-term goals.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tỷ phú Phạm Nhật Vượng “đưa” chứng khoán Việt Nam tăng mạnh nhất nhì Châu Á
Keywords
VNINDEXVICPhạm Nhật Vượngforeign investorsVietnam
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/21/2026 | 1,738.67 |
| Change that session | +2.76% |
VIC
▲ Likely positiveVinGroup
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,610,560 bn VND |
| P/E | 75.6 |
| P/B | 9.42 |
| Close on 10/21/2026 | 223.60 |
| Change that session | +6.99% |
VHM
▲ Likely positiveVinhomes
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 474,817 bn VND |
| P/E | 5.9 |
| P/B | 1.80 |
| Close on 10/21/2026 | 61.80 |
| Change that session | +6.92% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- VN-Index drops 16 points after strong rally
VN-Index reversed from a strong early rally to close 16 points lower in the first session of the week, finishing below 1,690 points, its lowest in nearly 3 months and more than 12% below its record high of 1,927 points. Selling pressure focused on banks, with VIC down nearly 4% and pulling the index down more than 13 points, while oil and gas stocks such as PVT, BSR and GAS rose about 1-2% and helped limit the decline. Liquidity reached over VND 13,000 billion, and foreign investors extended their net selling to 19 consecutive sessions, buying about VND 1,400 billion against sales of about VND 2,200 billion. MBS said seasonality is driving the market, as October has historically been the weakest period of the year, and Q3 earnings may not be enough to create a broad ripple effect. TPS sees the index nearing long-term support around 1,685 points, with any sustained recovery depending on improved liquidity.
- Vietnam's Richest Engineer Loses Over $1 Billion in Just Hours
According to Forbes data as of October 19, Vietnamese billionaire Pham Nhat Vuong lost about $1.3 billion in just hours but remains Vietnam's richest person with $32.5 billion, ranking 68th globally. The main driver was a drop of more than 3.7% in Vingroup (VIC) shares to 207,000 dong, their lowest in nearly two months and about 19% below their September 4 peak. His wealth is mainly tied to Vingroup, VinFast (VFS) and LPBank (LPB) shares: he directly holds 703.8 million VIC shares (9.04%), and his investment firm VIG owns 32.5% of Vingroup and 32.9% of VinFast. Vingroup's market capitalization of 1.6 quadrillion dong keeps it the most valuable company on Vietnam's stock market, and TIME ranked it 340th in its World's Best Companies 2026 list, up nearly 500 places from 2025 and the only Vietnamese company on the list.
- Top stocks to watch at the open on 19/10
On 16/10, HOSE moved PLP shares of CTCP Sản xuất và Công nghệ Nhựa Pha Lê from the control list to the trading restriction list. During 12-16/10, the VN-Index lost more than 29 points, with VIC and VHM the biggest drags, while the HNX-Index also declined. The VN-Index rebounded 7.56 points on 16/10 after seven straight losing sessions, but liquidity was weak. On 15/10, foreign investors and securities firms' proprietary trading together net sold over 926 billion VND, while VPB drew net buying of over 218 billion VND. The article also notes that 21 of 22 tracked construction and building-materials stocks have fallen since the start of 2026, against sector growth, and that TCBS (HOSE: TCX) reported Q3/2026 results with quarterly pre-tax profit at a high level.
- Weekly market review: Market rebounds at week's end, foreign investors continue to sell steadily
The VN-Index rose 7.56 points to 1,705.91, reclaiming the 1,700 level after 7 straight sessions of decline, with 185 stocks gaining and 121 falling. Foreign investors net sold VND 3,007 billion over all 5 sessions, led by a net sell of VND 417.14 billion in VIC, while MBB drew net buying of VND 230.22 billion. The article also notes that the SSI-SCA fund no longer held VIC at month-end, and that Vietcap warned of significant downside risk to PNJ's 2026–2032 profit forecasts.
- Over VND 3,000 billion of Vietnamese stocks net sold by foreign investors across 5 straight sessions; which stock is the focus of the "selling"?
Foreign investors net sold Vietnamese stocks in all five sessions of the 12–16 October trading week, totaling VND 3,007 billion and adding pressure to the market. The VN-Index ended the week at 1,705.91 points, down 29.18 points (1.68%), after briefly dipping below 1,690; average liquidity was about VND 13,182 billion per session. VIC led net selling at VND 417.14 billion, followed by TCB (281.94 billion), VIX (213.90 billion) and FPT (202.24 billion). On the other side, MBB led net buying at VND 230.22 billion, while PVT drew net buying of VND 95 billion.
- Week of 12-16/10: Vingroup drags, banks support VN-Index
Related markets
Latest news
- European Ecosystem Builds World's Most Efficient AI Factories With NVIDIA DSX
NVIDIA announced at GTC Berlin on October 21, 2026 that leading European ecosystem partners are adopting its DSX AI Factory Platform to build AI factories that use less water for cooling and less power for the same output. DSX reference designs use closed-loop liquid cooling with dry coolers instead of evaporative cooling towers, which could reduce facility cooling water use to near zero; at a 2 gigawatt scale this could save 54 million liters a day, equal to the daily water use of 180,000 households. DSX MaxLPS allocates power dynamically and can generate the same number of tokens with up to 30% less power, while DSX Flex lets AI factories act as flexible loads to support grid reliability. Several AI cloud providers, including CoreWeave, Google Cloud and Nebius, are exploring or planning to use these technologies.
- NVIDIA Introduces DSX POD AI Factories to Accelerate Europe's Infrastructure Deployment
NVIDIA introduced DSX POD, a reference design for complete Vera Rubin AI factories that partners build inside modular containers, integrated and validated before delivery. Because cabling, power, liquid cooling and testing are completed at the factory, deployment time at a prepared site drops from six months to as little as 14 days, letting customers start producing tokens and earning revenue sooner. Partners including Dell Technologies, HPE, Lenovo, Schneider Electric and Vertiv are working with NVIDIA to deliver these AI factories worldwide in early 2027.
- Bank charter capital crown set to change hands: One bank poised to overtake MB and VPBank, leaving Vietcombank, VietinBank, BIDV and Agribank far behind
Techcombank has set October 30, 2026 as the final registration date for its stock dividend at a 50% ratio, under which shareholders holding 100 shares receive 50 new shares. The bank plans to issue over 3.543 billion shares, worth more than VND 35,431 billion at par value, funded by 2025 undistributed profit, raising its charter capital from VND 70,862.4 billion to about VND 106,293.6 billion. If completed, this would put Techcombank ahead of MB (VND 100,687 billion) and VPBank (VND 100,000 billion) as the largest charter capital in the system, and an ESOP issuance could bring the total close to VND 106,600 billion. Such increases help banks strengthen financial capacity and add room to meet capital-safety requirements as credit demand expands.
- Artificial Intelligence (AI) in Networking Market: Global Forecast to 2032 | AI Workloads Push Networks to Run Themselves, Fueling a $21 Billion Market
A new report projects the global AI in networking market to grow from $8.38 billion in 2026 to $21.52 billion by 2032, a 17.0% CAGR, as operators automate 5G, edge and cloud networks. Cisco, Nokia, Ericsson and NVIDIA are among the 35 companies profiled. Data center networks hold the largest share, driven by AI workloads that need high-bandwidth, low-latency infrastructure, while cloud networks are forecast to grow fastest. Asia Pacific, including China, India, Japan, South Korea and Australia, is expected to be the fastest-growing regional market. Constraints include limited explainability and trust in AI-driven network decisions and the difficulty of integrating AI with legacy infrastructure.
- Mark Zuckerberg Will Announce Muse on Meta Glasses Soon? Crypto Bettors Say Don't Hold Your Breath
Crypto bettors have lowered the odds that Meta Platforms (NASDAQ:META) will make Muse-powered AI glasses available before year-end. Polymarket currently prices a 21% chance this happens by October.
- Warren Buffett's Successor, Greg Abel, Just Went Shopping in the Tech Sector Again!
Greg Abel took over day-to-day oversight of Berkshire Hathaway's $363 billion portfolio after Warren Buffett retired on Dec. 31, and has already made major moves, including aggressive purchases of Alphabet in the first half of the year. According to an Oct. 14 SEC filing, Berkshire is buying 10 million shares of Bending Spoons in a private placement at $33 per share, a $330 million investment that follows a $600 million stake bought at the company's July IPO. The article argues that Alphabet has replaced Apple as Abel's favored holding, citing Google's near-monopoly in search (around 90% of global internet search traffic in September) and its AI push, especially at Google Cloud. Bending Spoons acquires tech platforms and uses software, AI, price hikes and layoffs to boost efficiency; it is already profitable and growing fast.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.