There's a 'wave' in bank stocks.

Banking stocks rallied across the board, becoming the main driving force behind the VN-Index's extended recovery despite pressure from Vingroup stocks and declining liquidity.

ZNews•01/07/2026

Bank stocks have surged again in the last two trading sessions. Photo: Phuong Lam .

The Vietnamese stock market extended its recovery on July 1st, despite continued divergence among large-cap stocks. While Vingroup stocks and some Gelex- related stocks exerted significant pressure on the index, demand in the finance-banking, energy, and retail sectors played a leading role, helping the VN-Index maintain positive momentum for most of the trading session and close with a relatively strong gain.

Notably, the market's upward momentum was not accompanied by an improvement in cash flow. Liquidity continued to decline, reflecting the cautious sentiment of investors as the VN-Index fluctuated around high points. The total trading value on all three exchanges today reached only about 18,600 billion VND , a decrease of nearly 11% compared to the previous session and continuing to maintain the average level of recent weeks.

At the close of trading, the VN-Index rose 7.2 points (+0.4%) to 1,867.21 points. The HNX-Index remained unchanged at 313.16 points, while the UPCoM-Index fell 0.37 points (-0.3%) to 129.57 points.

Today's market clearly favored buyers, with 404 stocks rising (including 23 hitting the ceiling price), 875 remaining unchanged, and 271 falling (including 9 hitting the floor price).

The VN30 basket of stocks continued to play a leading role, with 21 gainers, 8 losers, and onlyACB remaining unchanged. As a result, the index representing large-cap stocks rose by more than 17 points to 2,013 points.

VN-Index rose for two consecutive sessions. Photo: TradingView.

You may also like

Bank, securities, and oil and gas stocks all surged.Strong capital inflows occurred on July 1st, helping the VN-Index rise by more than 7 points. Banking, securities, and oil and gas stocks became the driving force behind the market, while downward pressure on Vingroup stocks did not alter the positive trend.

What caused the sharpest drop in world gold prices in 13 years?(Dan Tri Newspaper) - World gold prices have just experienced their sharpest quarterly decline in 13 years. What caused this safe-haven asset to suddenly lose its appeal despite simmering geopolitical tensions?

The chairman has just been arrested, and the power company has been refused audits by all four Big 4 auditing firms.(Dan Tri Newspaper) - PECC1 announced that all four independent auditing firms, including Deloitte Vietnam, Ernst & Young (EY) Vietnam, KPMG Vietnam, and PwC Vietnam, have refused to provide auditing services for this year's report.

The biggest pressure on the VN-Index came from the real estate sector and some large-cap stocks. Specifically, VIC (-1.3%), VHM (-2%), VPL (-1.8%), LPB (-0.8%), STB (-0.8%), GEE (-1.5%), KBC (-2.3%), MSB (-1.2%), PGV (-2%), and VGC (-2.4%) were the main contributors holding back the index today.

Conversely, the upward momentum mainly came from the banking sector and a few leading stocks. MCH rose 5%, becoming the most positive contributor to the VN-Index, followed by BSR (+5.4%), VCB (+1.3%), TCB (+2.4%), VPB (+2.6%), BID (+1.5%),FPT (+3.9%), MBB (+2.2%), HDB (+2.9%), and CTG (+1.3%).

In addition, the energy sector also performed well, with many stocks in the industry rising simultaneously, such as PVD (+2%), PVS (+2.1%), PLX (+1.4%), OIL (+2.3%), PVT (+1.8%), and PVC (+2.4%).

Retail stocks also maintained favorable performance with MWG (+2.4%), PET (+0.4%), FRT (+1.8%), VNM (+0.8%), and CTF (+1.5%).

After several consecutive net selling sessions, foreign investors unexpectedly returned to net buying on the Vietnamese stock market today, with a value exceeding 130 billion VND . The focus of foreign investors' disbursements was VPB, with a net buying value of approximately 302 billion VND , followed by HDB (+87 billion VND ) and VIC (+81 billion VND ).

Conversely, foreign investors focused on taking profits from MSR with a net selling value of VND 162 billion , while withdrawing capital from VHM (- VND 107 billion ) and HPG (- VND 56 billion ).

United States - Vietnam: Don't miss

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Encourage U.S. businesses to expand investment in high-tech sectors.Deputy Prime Minister Ho Quoc Dung said that Vietnam welcomes US businesses to continue expanding their operations in Vietnam, especially in high-tech industries and sectors with high added value.