Pillar stocks explode, foreign investors buy diligently
On July 7, the Vietnamese stock market witnessed a vibrant trading session, with the VN-Index increasing by more than 15 points (nearly 1.1%), successfully conquering the 1,400-point threshold after more than three years. The main driving force came from the breakthrough of pillar stocks, including HPG shares of Hoa Phat Group, chaired by Mr. Tran Dinh Long. HPG shares increased by 1.5%, reaching VND23,600/share, continuing an impressive increase with 8/10 recent price increases, bringing this stock to its highest level in three years.
According to Forbes, Mr. Tran Dinh Long's assets as of July 7 reached 2.4 billion USD, ranked 1,604th in the world , an increase of 100 million USD compared to a week ago.
HPG’s appeal is reflected in the cash flow from foreign investors. In the session of July 7, foreign investors bought more than 9 million HPG shares, while selling only nearly 2.5 million shares. This move coincided with the news that Vietnam reached a trade agreement with the US, along with the imposition of anti-dumping tax (CBPG) of up to 27.83% on some hot-rolled steel (HRC) products imported from China.
Many other steel stocks also increased sharply. Hoa Sen Group (HSG) increased nearly 2.4% to 17,350 VND/share; TVN increased nearly 2.8%; VGS increased 2.45%...
Besides HPG, other pillar stocks also recorded significant increases. Banking stocks made a strong breakthrough, with SHB Bank shares chaired by Mr. Do Quang Hien increasing by the ceiling price by VND900 (+6.92%) to VND13,900/share, thanks to good business results and in the context of positive credit growth of the whole system in the first 6 months of 2025.
Vingroup stocks were also outstanding, with Vingroup (VIC) increasing by VND1,100 to VND93,000/share and Vinhomes (VHM) increasing by VND900 to VND76,900/share. Positive news about Vingroup's major projects contributed to raising billionaire Pham Nhat Vuong's assets to USD10.2 billion, ranking 289th in the world according to Forbes. The consensus increase in the prices of pillar stocks created strong momentum, bringing the VN-Index to a new historical peak.
Foreign investors bought heavily not only HPG shares but also many other shares, including banking stocks. This was the fourth consecutive net buying session. Last week, this group net bought more than VND5,000 billion.
Vietnamese stocks have gone through a sideways phase and are attracting strong cash flows. Photo: HH
Many large corporations benefit, Vietnamese stocks have positive prospects
Many stocks of large corporations on the Vietnamese stock market have the opportunity to increase as domestic and foreign money flows in.
Hoa Phat Group’s HPG is facing many growth opportunities thanks to favorable factors both domestically and internationally. The decision to officially impose anti-dumping duties from July 6, with a tax rate of 23.1% to 27.83% on HRC steel imported from China, is one of the main drivers. This decision helps reduce competitive pressure from cheap Chinese steel, up to 12.6 million tons of imports in 2024.
Hoa Phat is also expected to benefit from the production expansion strategy. The Dung Quat 2 project is expected to increase HPG’s HRC capacity from 4 million tons to 6.8 million tons/year. This will not only help HPG better meet domestic demand but also consolidate its leading position in the steel industry.
Another strategic step is the contract signed with SMS Group (Germany) on May 29 to receive technology transfer to produce steel rails and shaped steel with a capacity of 700,000 tons/year. This project, expected to be completed in the first quarter of 2027, will help Hoa Phat become the only enterprise in Southeast Asia to produce steel rails for high-speed railways, meeting international standards. This is a great advantage in the context that Vietnam is promoting key infrastructure projects such as the North-South high-speed railway.
Many other large corporations such as Vingroup (VIC), Vinhomes (VHM), Masan (MSN), Mobile World (MWG)… can also benefit from the policy of promoting the private economy. The banking group benefits from the policy of promoting credit growth and public investment.
It can be seen that the Vietnamese stock market is being supported by many positive factors. Positive business results from large enterprises, especially in the steel, banking, and real estate industries, are the main driving force. That is the recovery of the real estate market, along with low interest rates. Public investment projects, such as highways and industrial park infrastructure, also create opportunities for many domestic enterprises to develop.
Foreign capital flows are also a bright spot. In the first week of July 2025, foreign investors net bought more than VND5,000 billion in the market. The signal of upgrading Vietnam's stock market to an emerging market, along with trade agreements such as with the US, is expected to continue to attract foreign capital flows.
In its latest report, Vietcombank Securities (VCBS) stated that the VN-Index could reach over 1,600 points in 2025 in the most optimistic scenario, with expectations of market upgrade, strong and drastic policies to boost growth and further positive diplomatic steps.
Source: https://vietnamnet.vn/chung-khoan-lap-dinh-ong-tran-dinh-long-pham-nhat-vuong-but-pha-2419034.html
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