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Original headline: Tuần 12-16/10: Ngân hàng đỡ VN-Index
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: 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 12-16/10: Vingroup drags, banks support VN-Index
- 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.
- Technical Analysis for the October 17 Afternoon Session: Continued Choppy Trading
This technical analysis is based on real-time data up to the close of the October 17, 2026 morning session, showing VN-Index still choppy, with morning volume rising and signaling investor hesitation. The index is retesting its August 2026 low zone of 1,715–1,735 points, which had been broken earlier, while hugging the Lower Band of the Bollinger Bands and MACD staying weak below zero. For HNX-Index, the index is moving sideways with a High Wave Candle, sits below the Bollinger Bands' Middle Band, and its Stochastic Oscillator is crossing down through the signal line. The article sees the short-term outlook as still negative, with risks rising if these indicators weaken further, and notes the signals are for reference only.
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