VN-Index slightly decreased

VN-Index giảm nhẹ, dòng tiền dịch chuyển sang công nghiệp và viễn thông

VN-Index slightly decreased, cash flow shifted to industry and telecommunications

In the domestic stock market this morning, although the main index did not fluctuate much, the performance between industry groups was clearly differentiated.

The stock group is still in the red, with VIX, SSI, and VND down by around 1%. Although there has been a period of adjustment, the P/E valuation of the stock group is still around 17 times, less attractive than the general market valuation of around 14 times.

On the other hand, the chemical and oil and gas groups today are filled with green and purple. DGC, CSV, and PVD all have their ceiling prices. The fertilizer groups DPM and DCM also increased by 2-3%.

Diversification also occurred within some industry groups, typically the banking group. While ABB increased by approximately 5%, STB also decreased by more than 3%. Most other stocks in the group were mixed with yellow, green, and red, but ended the session without significant fluctuations.

Notably, foreign investors increased their net selling this morning significantly compared to the last 3 sessions. Net selling value was more than 1,000 billion VND.

However, many opinions believe that the story of foreign net selling will soon reverse in the coming period, especially when Vietnam's securities are officially upgraded from September 2026.

On the afternoon of November 11, 2025, in Melbourne, the State Securities Commission (SSC) delegation had a working session with representatives of Vanguard Global Investment Fund - one of the largest asset management organizations in the world , currently managing nearly 13,000 billion USD. The discussion focused on opportunities for cooperation, development and attracting foreign investment capital into the Vietnamese stock market.

Vanguard also shared its plans to implement investment activities in Vietnam after the market is upgraded, including opening trading accounts and indirect capital accounts. The Fund representative emphasized that the process of implementing procedures according to new regulations will be an important test step, helping global investors have a real experience of the investment environment in Vietnam.

The working session affirmed the determination of the State Securities Commission in modernizing the stock market, enhancing transparency, aiming to build a safe, professional and sustainable investment environment, meeting the expectations of the international investor community.

Stocks return to accumulation state, oil stocks make waves

At the end of the session on November 13, VN-Index decreased slightly by 0.42 points to 1,631.44 points, with a trading volume of more than 699 million shares, equivalent to VND 21,737.3 billion. The entire floor had 163 stocks increasing, 138 stocks decreasing and 63 stocks remaining unchanged.

On the HNX floor, the HNX-Index increased by 1.5 points to 266.29 points, with a volume of more than 90.3 million shares, equivalent to VND2,143.6 billion; 69 codes increased, 64 codes decreased, and 65 codes remained unchanged.

UPCOM also maintained positive momentum when UPCoM-Index increased by 1.01 points to 120.04 points, with a volume of more than 33.5 million shares, equivalent to VND772.8 billion. The entire floor recorded 143 stocks increasing, 71 stocks decreasing and 85 stocks remaining unchanged.

In the VN30 basket, there was a relative balance with 15 stocks decreasing, 13 stocks increasing and 2 stocks remaining unchanged. Many pillar stocks such as VRE, VHM, CTG, FPT, HPG, MSN, MWG,ACB ... decreased in price, creating adjustment pressure on the general index. On the upside, DGC maintained its ceiling increase; stocks GAS, GVR, VNM, VJC ... maintained green color.

The highlight was the group of oil and gas stocks with a strong increase: PVD increased to the ceiling price, PVC increased by 4.62%, PVS increased by 3.9%, OIL increased by 3.77%, POS increased by 3.25%, PVB increased by 2.43%, BSR increased by 1.58%, PLX increased by 1.32%. From the second half of October 2025 until now, many oil and gas stocks such as PVD and PVS have increased by 37% and 24% respectively; GAS, OIL, PLX also increased by 6-10%.

The group's growth was boosted after the Government issued Resolution No. 66.6/2025/NQ-CP dated October 28, 2025 on handling difficulties and obstacles in delegating approval authority for a number of contents in oil and gas activities.

According to the resolution, the Vietnam Oil and Gas Group (PVN) is allowed to perform a number of tasks and powers of the Ministry of Industry and Trade according to the Petroleum Law 2022 and Decree 45/2023/ND-CP, such as approving the general plan for field development, adjusting the early exploitation plan, or adjusting the field development plan when the total investment fluctuates less than 10%.

Giving more power to PVN is considered an important step, helping to increase initiative, shorten administrative procedures and speed up the implementation of oil and gas projects, creating momentum for price increases for stocks in the group.

Along with oil and gas, the chemical group was also flooded with green. On the contrary, the stock group was the center of decline when many codes were sold heavily. The remaining industry groups were divided, with green and red intertwined.

Foreign trading was a minus point when they continued to net sell 1,240 billion VND. HOSE alone was net sold 988 billion VND, of which STB was sold the most with 408 billion VND, followed by VCI (223 billion VND) and VIX (129 billion VND). On HNX, foreign investors net sold 37 billion VND, and on UPCOM it was 215 billion VND.

After two sessions of strong growth, the market's temporary stagnation in accumulation is considered a normal signal. Investors need to monitor the cash flow and the resilience of oil and gas stocks in the coming sessions, as this group is gradually becoming the new pillar of the market.

Source: https://vtv.vn/vn-index-giam-nhe-100251113180907676.htm