VN-Index increased for the 4th consecutive week
The market experienced an emotional trading week when it suddenly dropped sharply in the first morning session of the week, but quickly rebounded with "bottom-fishing" demand entering the market. This state was maintained until the last session of the week, the index adjusted slightly due to profit-taking pressure appearing.
VN-Index closed the week at 1,332.6 points. Although the score was not the highest of the week, the index had a period of showing increasing momentum and positive trading sentiment. Order matching liquidity was 28.5% higher than the 20-week average (VND 22,825 billion), closing the week at the highest level since May 2022.
Market breadth is diversified, with high speculative turnover. Real estate stands out, with good recovery in industrial parks, seafood, textiles, steel, etc. In terms of industry groups, textiles led with a 10.3% increase, real estate increased by 8.18% and seafood increased by 6.65%. On the contrary, aviation decreased the most with 4.26%, plastic decreased by 2.62% and fertilizer decreased by 1.61%.
Foreign investors maintain net selling status (Screenshot)
Foreign investors continued to net sell strongly with a cumulative 5 sessions reaching 2,917 billion VND in the whole market, of which 2,755 billion VND on HOSE, 46 billion VND on HNX and 116 billion VND on UPCoM.
The focus was on HPG shares (Hoa Phat Steel, HOSE) worth approximately VND447 billion. Next were MWG (Mobile World, HOSE) and STB ( Sacombank , HOSE) with VND271.2 billion and VND250.8 billion, respectively. On the other hand, NVL shares (Novaland, HOSE) were the most net bought by foreign investors with VND376.3 billion.
Prices of crude oil, steel, coal,... fluctuate strongly, list of stocks that benefit
Entering 2025, world commodity prices increased slightly at the beginning of the year but fell sharply in April, affected by factors such as slowing economy and increasing supply.
Agriseco Research offers its assessment of stocks that are likely to benefit from changes in commodity prices.
With energy prices , The analysis team forecasts that crude oil, coal and gasoline prices will decrease in 2025, while natural gas prices will maintain an upward trend. Thanks to the decrease in Newcastle coal prices, Quang Ninh Thermal Power's (QTP , HOSE ) gross profit margin is expected to improve.
In addition, the national electricity demand is forecast to be high, especially in the dry season, which will benefit QTP. With the expectation of GDP growth at a minimum of 8% as per the Government's target, Agriseco estimates that the load will grow by about 12% in 2025 and will be higher in the dry season. Therefore, coal-fired power plants will still be prioritized for mobilization.
Regarding agricultural products, Agriseco forecasts that Vietnamese live pigs and raw milk will increase, while prices of sugar, soybeans, wheat, and cotton will decrease.
Therefore, Agriseco Research forecasts that Dabaco's ( DBC , HOSE ) gross profit margin will improve. Growth potential comes from the fact that pork prices are expected to remain high and unlikely to cool down in the near future due to increased demand as the tourism and service industry continues to recover in 2025 and the pandemic remains complicated.
For industrial commodities, the analysis team commented that global PVC resin prices fell sharply in mid-April in both Asia and the US due to the trade war and falling oil prices. However, prices recovered more than 2% in May thanks to low inventories and the US-China temporary agreement on tariffs on May 12, 2025.
In the short term, Agriseco forecasts that PVC prices may continue to be under downward pressure due to weakening demand from real estate and automobiles in an unstable environment.
Therefore, the gross profit margin of Binh Minh Plastics (BMP , HOSE ) will expand in the coming quarters. In addition, BMP also benefits from the recovery of the domestic real estate market. Demand for construction materials, especially plastic pipes, has increased significantly thanks to the number of commercial housing projects being implemented increasing sharply compared to the same period and the acceleration of key public investment projects.
In addition, in Vietnam, steel prices are currently down nearly 3% year-on-year, up slightly from the previous month thanks to strong domestic demand and Vietnam's application of anti-dumping measures on HRC steel and galvanized steel from China. The analysis team expects domestic steel prices to increase in the final period of the year thanks to increased public investment and a recovering real estate market.
Hoa Phat's (HPG , HOSE ) gross profit margin will continue to improve thanks to lower input material prices. Iron ore and coking coal prices are forecast to continue to decline in 2025 due to stable supply and low demand.
Series of "newbies" on the stock exchange
The listing of Vinpearl shares on the stock exchange has created new expectations for the market about potential "sources" on the stock exchange.
Recently, after the UPCom floor welcomed two new stock codes, DKG (DLH Industrial Lime JSC) and DSH (Dong Son Infrastructure Investment JSC), at the end of May, the Hanoi Stock Exchange has just issued a decision approving the registration of trading of 6 million BHH shares (Habeco Trading 89 - Habeco Trading 89).
At the same time, at the HOSE floor, after witnessing the listing of large stocks such as BSR (Binh Son Refining and Petrochemical Joint Stock Company), CCC (CDC Construction Joint Stock Company) and VPL (Vinpearl Joint Stock Company), investors are waiting for the appearance of other faces.
Accordingly, recorded on the HOSE system, there are 3 enterprises that have submitted listing documents, including Taseco Real Estate Investment JSC, Viet A Commercial Joint Stock Bank and Truong Son Investment and Construction JSC.
VAB has increased sharply by 50% since the beginning of the year (Photo: SSI iBoard)
Of which, Viet A Commercial Joint Stock Bank (VietABank) has registered to list 539.9 million VAB shares. Currently, VAB shares of VietABank are trading on the UPCoM exchange. Since the beginning of May, VAB shares have had a breakthrough increase, around 14,000 VND/share, an increase of more than 50% compared to the beginning of the year.
By the end of April 2025, there were 1,590 listed enterprises on all three stock exchanges (HOSE, HNX, UPCoM) (a decrease of 2 enterprises compared to the end of 2024). Of which, there were 888 enterprises trading on UPCoM, 311 enterprises listed on HNX and 391 enterprises listed on HOSE.
Comments and recommendations
Ms. Nguyen Phung Yen, Consultant, Mirae Asset Securities (Vietnam) assessed that May 2025 marked a positive milestone when foreign investors officially returned to net buying in the Vietnamese stock market, after a series of consecutive months of net selling.
VN-Index is currently approaching the 1,300-point mark – a strong resistance level both technically and psychologically. In the context of the international market with many potential risks – especially from the US tariff policy and the risk of trade war – the appropriate investment strategy at this time is to be cautious, improve trading discipline and prioritize medium- and long-term portfolios.
Entering June, the Vietnamese stock market is entering a sensitive valuation zone as the VN-Index approaches the 1,300-point mark and the US's 90-day tariff deferral period is counting down.
In this uncertain context, investors should reduce short-term expectations, prioritize risk management and consolidate their portfolios with stocks with good fundamentals. Gradually reducing the proportion of stocks that have increased rapidly, maintaining a flexible cash ratio and waiting for healthy adjustments will help improve investment efficiency in the second half of 2025.
Sectors that need to be closely monitored include: real estate (clear legal status), public investment (construction - infrastructure - materials), maritime transport and securities . These are groups that are likely to react strongly to macroeconomic fluctuations, global tax policies and capital flows.
However, due to the high price level of the shipping group in May, investors should pay special attention to valuation, second quarter profit and cash flow signals, avoid chasing and prioritize careful selection to structure the portfolio more sustainably.
Phu Hung Securities said that the VN-Index fell again, negating the previous session's recovery efforts, reinforcing the correction pressure that is dominating the market. The index may continue to adjust and test the 1,320 - 1,325 point range. The general strategy is to continue holding, closely monitor the portfolio and restructure the violating stocks, and reduce the proportion if the VN-Index loses the 1,320 point mark. Sectors to watch include Real Estate, Banking, Public Investment and Utilities.
Asean Securities commented that the market continued to recover slightly for the fourth consecutive week. However, the indecisive sentiment appeared with a spinning top candle, showing hesitation around the 1,300 - 1,340 point range. The analysis team proposed two scenarios: Positive scenario (30% probability), the market continued to recover, surpassing the important resistance level of 1,340 points; Neutral scenario (70% probability): Selling pressure increased as the index approached the 1,340 point range, causing the market to fluctuate sideways within the 1,300 - 1,340 point range.
Dividend schedule this week
According to statistics, there are 34 enterprises that have decided to pay dividends for the week of June 2-6, of which 24 enterprises pay in cash, 8 enterprises pay in dividends and 3 enterprises give bonus shares.
The highest rate is 200%, the lowest is 1.5%.
8 companies pay by stock:
DIC Holdings Construction JSC (DC4, HOSE) , ex-right trading date is June 2, rate 10%.
Agribank Securities Corporation (AGR, HOSE) , ex-right trading date is 2/6, rate 6%.
Vietnam Container Corporation (VSC, HNX) , ex-right trading date is June 2, rate 3%.
Construction and Investment Joint Stock Company 40 (L40, HNX) , ex-right trading date is June 2, rate 200%.
VietinBank Securities Joint Stock Company (CTS, HOSE) , ex-right trading date is June 5, rate 43%.
Investment - Development - Construction Joint Stock Company (DIC) No. 2 (DC2, HNX) , ex-right trading date is June 5, rate 3%.
Tri Viet Education Group Corporation (CAR, HNX) , ex-right trading date is June 5, rate 10%.
Ha Lo Technology JSC (HLO, UPCoM) , ex-right trading date is June 6, rate 25%.
3 companies award shares:
Song Hong Garment Joint Stock Company (MSH, HOSE) , ex-right trading date is June 2, rate 50%.
Vietnam Container Corporation (VSC, HOSE) , ex-right trading date is June 2, rate 22%.
Dat Xanh Group Corporation (DXG, HOSE) , ex-rights trading date is June 4, rate 17%.
Cash dividend payment schedule
*Ex-right date: is the transaction date on which the buyer, upon establishing ownership of shares, will not enjoy related rights such as the right to receive dividends, the right to purchase additional issued shares, but will still enjoy the right to attend the shareholders' meeting.
| Code | Floor | GDKHQ Day | Date TH | Proportion |
|---|---|---|---|---|
| PPH | UPCOM | 2/6 | 12/6 | 5% |
| TAW | UPCOM | 2/6 | June 27 | 16% |
| VGL | UPCOM | 2/6 | June 27 | 16% |
| BHK | UPCOM | 2/6 | June 25 | 9% |
| VWS | UPCOM | 3/6 | June 16 | 8% |
| DNW | UPCOM | 3/6 | June 30 | 16% |
| KGM | UPCOM | 3/6 | June 13 | 1.8% |
| HPP | UPCOM | 4/6 | June 26 | 20% |
| SBA | HOSE | 4/6 | June 25 | 15% |
| DTH | UPCOM | 4/6 | June 26 | 4% |
| VSH | HOSE | 4/6 | June 30 | 5% |
| THT | HNX | 4/6 | June 30 | 3% |
| VIH | UPCOM | 5/6 | June 30 | 6.5% |
| NLG | HOSE | 5/6 | June 30 | 5% |
| CSM | HOSE | 5/6 | June 20 | 3% |
| MKP | UPCOM | 5/6 | June 16 | 5% |
| DC2 | HNX | 5/6 | 8/7 | 2% |
| MGC | UPCOM | 5/6 | June 26 | 1.5% |
| CLW | HOSE | 5/6 | 5/8 | 16% |
| CAR | HNX | 5/6 | June 25 | 5% |
| NTH | HNX | 5/6 | June 23 | 15% |
| NLS | UPCOM | 5/6 | June 20 | 13% |
| ICT | HOSE | 5/6 | June 20 | 10% |
| DM7 | UPCOM | 6/6 | June 16 | 7% |
| CMK | UPCOM | 6/6 | June 23 | 5% |
| HMH | HNX | 6/6 | June 30 | 10% |
Source: https://phunuvietnam.vn/chung-khoan-tuan-2-6-6-vn-index-di-vao-nhip-giang-co-sau-4-tuan-tang-lien-tiep-20250602083515149.htm
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