Morning news 7-28: A real estate 'tycoon' explains about the shocking increase in stocks

Rental prices for non-central Hanoi premises are falling.

According to JJ Vietnam, in the second quarter of 2025, the average asking rent on the ground floor of key commercial centers in the central area continued to grow steadily, reaching 132.6 USD/ ^m2 /month (nearly 3.5 million VND) with an increase of 1.3% quarterly and 3% annually.

In the non-CBD area, the average asking rent decreased by 0.9% year-on-year to USD 54.2/ ^m2 /month (nearly VND 1.43 million), mainly due to the change in supply of key commercial centers mentioned above.

In addition, according to JLL, despite benefiting from the development trend moving out of the city center, competitive pressure from high-quality projects such as Lotte Mall West Lake and a series of shopping centers coming up in the 2026-2028 period in the West of the city has forced investors in this area to be cautious with their price increase strategy.

A real estate 'tycoon' explains the shocking increase in stocks

SJ Group Joint Stock Company (SJS) has just officially sent a document to the Ho Chi Minh City Stock Exchange to explain the fact that SJS shares have continuously increased to the ceiling price in 5 trading sessions, from July 18 to July 24, 2025.

According to SJ Group, this strong growth mainly comes from positive market expectations ahead of the 2025 business plan. Specifically, the company targets revenue of VND1,211 billion and estimated profit of up to VND753 billion - increases of 41% and 112% respectively compared to 2024.

In addition, the general market context also contributed to creating a strong push for stocks. During this period, the VN-Index increased sharply from 1,300 points to nearly 1,500 points, leading to an increase in stock prices across the board.

Tin tức sáng 28-7: Một 'đại gia' bất động sản giải trình về cổ phiếu tăng sốc - Ảnh 3. — Illustration

In addition, SJ Group also believes that investor sentiment was strengthened after the company announced that it would pay dividends in shares and issue shares to increase charter capital from equity.

These financial activities, although affecting market expectations, are completely dependent on supply and demand and are beyond the control of businesses.

Finally, the company affirmed that it will always be transparent, complete and timely in disclosing information in accordance with regulations. SJ Group also emphasized that they absolutely do not have any actions to affect the stock price in the market.

3 bank stocks that funds bought the most

According to Fiingroup's report, HPG is the top net buy of funds in June 2025 (by volume), and this is also the stock with the most net buys by funds (56 funds).

Notably, the Vaneck Vietnam ETF fund (due to HPG's increased weight in the MarketVector Vietnam Local Index basket in the restructuring period of Q2-2025) was also net purchased by Fubon FTSE Vietnam, VFMVSF, and ETF DCVFMVN30.

Besides, the top net buys of funds in June 2025 also include some bank stocks such as OCB , MBB, CTG.

Net buying activities mainly came from PYN Elite fund, with the expectation that the Law amending and supplementing the Law on Credit Institutions will contribute to improving liquidity and speeding up the process of handling bad debts.

On the contrary, VIC and VHM were among the top net sold stocks in June 2025 (by volume), mainly due to VanEck Vietnam ETF reducing its weight according to the MarketVector Vietnam Local Index restructuring period.

Some funds under Dragon Capital such as DCDS and ETF DCVFMVN30 also participated in the sale.

In the banking group, 6/14 stocks in VN30 (STB, BID, ACB , VIB, HDB, TCB) were strongly sold, showing a trend of reducing the proportion of large-cap bank stocks.

Of which, STB was the stock that was net sold by the most funds (23 funds), led by PYN Elite (accounting for 49% of net selling volume) and open-ended funds such as VLGF, VFMVSF, VCBF-BCF. This move was mainly to take profits after the period when STB increased sharply and reached a higher valuation level than the industry.

Expected domestic news events from July 28 to August 2

- July 28: In Hanoi, the National Assembly Office held a conference to collect comments on the draft documents of the 15th Can Tho City Party Congress, term 2025-2030; Scientific workshop "Diplomacy in the Ho Chi Minh era: 80 years of dedicated service to the nation and people".

- July 30: In Hue, the Ministry of Public Security held a launching ceremony to join hands in preventing and combating human trafficking.

- From August 1 to 7: World Breastfeeding Week with the theme "Prioritizing Breastfeeding: Building a Sustainable Support System".

- From August 1 to 15: In Da Nang, the 2025 National Youth Shooting Championship.

- From August 1 to 10: In Ho Chi Minh City, Kickboxing Championship 2025.