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Original headline: Chứng khoán phái sinh ngày 23/10/2026: Triển vọng ngắn hạn tiếp tục cải thiện
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- Bảo Tín Capital: Anticipating a New Growth Cycle and the “Đông Xuân Khoán” Pattern
Đinh Ngọc Dũng, Chairman and CEO of Bảo Tín Capital, said Vietnam's stock market is entering a new cycle of strong growth in both scale and quality. Market capitalisation rose from about 1% of GDP in 2000 to 82.6% of GDP in 2025, while Q3 2026 GDP is estimated to have grown 9.95%. Post-tax profits of 403 of 404 HOSE-listed companies reported for Q2 reached 217,020 billion VND, up 47.5% year on year, but the top five firms, VHM, VIC, VCB, CTG and VPB, accounted for 35% of total profits, so the gains remain concentrated. Bảo Tín Capital estimates passive inflows from the upgrade at about 1.5 billion USD, while the VN-Index P/E stands at 12.10 times, about 8% below its five-year average. Mr. Dũng said profit is the main driver of share prices, and the “Đông Xuân khoán” pattern has held in 16 of 16 seasons from 2010–2011 to 2025–2026, with an average gain of about 20.7%, though this is the maximum swing between trough and peak rather than realised return.
- VN-Index rises another 22 points, reaching highest level in over half a year
The VN-Index closed at 1,761 points, up 22 points, on trading volume of more than 672 million shares worth about 15,300 billion VND. On HoSE, 149 stocks rose, 167 fell and 57 were unchanged. Foreign investors net bought nearly 342 billion VND on HoSE, led by VIC (over 239 billion VND), TCB and VHM, while FPT saw the largest net selling at over 264 billion VND. ASEAN Securities said the index shows a technical rebound signal with buyers temporarily in control, but the market remains neutral because the index has not broken above the MA20 and indicators are not yet uniformly confirmed, so it may trade in a narrow range.
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On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
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- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
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- International Business : US jobless claims near 57 - year lows
The number of Americans filing new unemployment benefit claims fell to near 57-year lows last week, pointing to low layoffs and suggesting job growth may have picked up in October after weak September payrolls. Economists cite strong profit growth, robust domestic demand, a shrinking workforce from retirements and immigration curbs as reasons workers are being shielded from layoffs, though tighter financial conditions and higher rates from the Middle East conflict could weigh on the labour market next year. Initial claims fell 6,000 to a seasonally adjusted 194,000 for the week ended October 17, below the 200,000 forecast by economists polled by Reuters, while the four-week average dropped to 197,750, its lowest since 1969. The number of people receiving benefits after their first week rose 25,000 to a still-low 1.728 million in the week ended October 10. Economists still describe the labour market as 'low-hire, low-fire', with uncertainty from the war and tariffs stymying hiring.
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