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Original headline: Tuần 12-16/10: Vingroup kéo lùi, ngân hàng đỡ VN-Index
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Related tickers and likely impact
VIC
▼ Likely negativeVinGroup
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,656,797 bn VND |
| P/E | 77.8 |
| P/B | 9.69 |
| Close on 10/16/2026 | 215.00 |
| Change that session | -1.38% |
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/16/2026 | 1,705.91 |
| Change that session | +0.45% |
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.
- Maybank: Lending rates may have peaked, Vietnam could cut foreign borrowing costs
Maybank says lending rates may have peaked after a 16 October meeting in which a deputy minister and banks pledged to cut priority-sector lending rates by 150-200 basis points. The State Bank also asked banks to cut deposit rates for 6-month and longer terms by at least 50 basis points, and BIDV, Vietcombank and Agribank pledged 200 basis point loan cuts through the end of 2026. However, reductions will be uneven across sectors, the conditions for the loan packages have not been disclosed, and a sustainable broad decline to a reasonable level of around 7-10% would require lower capital costs across the system. Longer term, based on Maybank's review of past rating upgrades, achieving investment-grade status could cut Vietnam's foreign borrowing costs by 150-250 basis points, and Maybank expects the upgrade to be accelerated in 2027.
- Week of October 12–16: Banks cushion VN-Index
- 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.
- Vietnam's supporting industry faces a 'qualitative leap' alongside Vingroup as flagship
In an interview, Dr. Bùi Quang Tuấn, former director of the Vietnam Institute of Economics, reviews the 2026 localisation and supplier development conference organised by Vingroup and VinFast, which drew nearly 1,000 businesses and signals an industrial ecosystem led by a flagship firm. He argues that this leadership gives Vietnamese suppliers room to upgrade technology, improve their position in global value chains and compete internationally. Long-term commitments such as 12 to 24-month volume forecasts and land-rent incentives help smaller firms feel confident about large investments. He points to three opportunities: market expansion through VinFast's production sites in several countries, technology upgrading, and wider spillover to other businesses.
- VN-Index Falls for 4 Weeks: Where Is Cash Flow Finding Opportunities?
VN-Index fell 29.18 points (1.68%) in the October 12-16 week to 1,705.91, its fourth straight weekly decline and down 4.4% year to date. Liquidity weakened, with average market trading value down 27.3% to VND 14,576 billion, while foreign investors net sold VND 3,141 billion in the week and VND 115,503 billion year to date. MBS flagged the 1,650-point zone, the July 2026 bottom, as a key support level to watch for the October 19-23 week. The report cited Q3 GDP growth of 9.95% and Brent crude closing the week at USD 109.86 per barrel, and MBS noted October has the weakest performance of the year. Experts advise choosing stocks based on business results rather than chasing sector rotations.
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