Daily Market Watch 19/08/2025: 250 Key Projects Were Announced, The Market Lead Forward

MARKET HIGHLIGHTS

o      The market continued to opened in a bullish sentiment and maintained the rally throughout the day. Investors were inspired by the announcement of series of projects prior to the Independence Day. The projects are large scale and may contribute strongly to Vietnam’s future economic growth ahead. Investors were quite bullish and bought in stocks across the board. This helped the VN-Index perform well and close upward 1.09%.

o       The top government members this morning announced the kick-off and commencement of 250 key projects across the countries to celebrate the coming 80^th Independence Day of Vietnam with total investments of USD48 billion. The state is funding 129 projects with a total investment of USD18 billion, while private companies and foreign players shall finance total USD30.5 billion for 121 other projects. Some major projects include: Rach Mieu 2 Bridge in the Mekong Delta, Marina International Financial Center in HCMC, Viettel Group’s Research and Development Center, and the National Exhibition and Convention Center in Hanoi. According to the Prime Minister, those investments are estimated to be equivalent to 13% of the country’s GDP. The projects will transform the state of Vietnam’s key strategic infrastructure.

o       Liquidity maintain at a high level. ADTV increased 20.2% DoD to reach USD2.09bn as retail investors were quite active. We observed hesitations here and there as some investors were cautious after a long rally. But the overall sentiment was positive and most were eager buying in due to the strong performance of several sectors such as banking and property.

o       Foreign investors were sellers today with a net value of –USD57.3m on HOSE. They have been selling quite consistently in the past 3 weeks. MWG (-USD10.2m), KDH (-USD7.3m), HPG (-USD6.3m) and FPT (-USD6.3m) topped the net sell list, while SSI (+USD6m), DIG (+USD4.7m), and BAF (+USD4.3m) gained positive flows. 

o       Large-cap stocks outperformed with 1.3% gain of the VN30 Index. Small-cap (+1.4%) finally catched up as ret