Daily Market Watch 07/07/2025: The Rally Extended on Upbeat Revised GDP Forecast, VN-Index Surpass 1,400pts

THE EQUITY MARKET

o        The VN-Index maintained a bullish tone throughout the session, buoyed by strong investor sentiment following yesterday’s upbeat macroeconomic data release. Retail investors reacted positively and engaged in aggressive buying from market open. Several global and domestic research houses revised up their 2025 GDP growth forecasts for Vietnam in response to the robust economic figures. Additionally, some local brokerage firms have begun adjusting their year-end VN-Index targets to 1,500–1,600 points, citing improving macro conditions and sustained capital inflows.

o        The optimistic mood was broad-based, lifting most sectors and pushing the VN-Index to close up 1.09%, firmly breaking through the 1,400-point threshold to mark a new 3-year high. With this breakout, retail sentiment has turned increasingly bullish, with many now eyeing the 1,500-point level (the previous peak in early 2022) as the next milestone.

o        Liquidity surged, with trading value on HOSE reaching USD 1.09 billion, and 1.3 billion shares exchanged—a clear indication of heightened market activity. Retail participation was strong, as the breach of the 1,400-point level encouraged many previously cautious investors to return to the market.

o        Foreign investors continued their aggressive net buying, recording a net inflow of USD 47.3 million today. This marked the fourth consecutive session of foreign net buying, as overseas investors appeared increasingly confident following the recent release of the U.S. tariff scheme on Vietnam.