As of 9:18 AM, the VN-Index had jumped by around 20 points (+1.1%), breaking through the 1,835 threshold.

In 2025, the VN-Index soared over 40% to nearly 1,800 points, placing it among the best-performing markets in Asia-only behind South Korea and outpacing several key U.S. indices.

Most of the blue-chip stocks continued to rise.

The “Vin family” of stocks played a pivotal role in propping up the market. Vingroup (VIC) shares surged to a record 173,200 VND per share, equivalent to about 346,400 VND per share when adjusted for previous splits. Compared to the unadjusted price of 40,000 VND at the beginning of 2025, VIC has gained approximately 8.5 times in value.

Vinhomes (VHM) shares rose by 8,500 VND to 150,300 VND per share. Vincom Retail (VRE) climbed by 1,050 VND to 39,100 VND per share.

Banking stocks also maintained their momentum. By 9:20 AM, Vietcombank (VCB) had added 1,600 VND to reach 58,900 VND per share. VPBank (VPB) increased by 500 VND to 29,350 VND. Vietinbank (CTG) rose 900 VND to 37,100 VND. BIDV (BID) gained 1,350 VND to hit 40,250 VND. HDBank (HDB), chaired by female billionaire Nguyen Thi Phuong Thao, advanced 450 VND to 29,500 VND.

Hoa Phat Group (HPG), chaired by billionaire Tran Dinh Long, also saw a 350 VND increase to 26,300 VND per share.

According to Forbes, Pham Nhat Vuong’s net worth has reached $30.5 billion, ranking him 73rd among the world’s richest individuals-up from around $4 billion at the beginning of 2025.

Vietnam’s stock market continues to attract capital inflows amid a cooling real estate sector, low interest rates, an 8.02% GDP growth in 2025, and ongoing fiscal and monetary easing.

Adding to the momentum was a strong rally on Wall Street on January 6, with the Dow Jones climbing nearly 500 points, surpassing 49,000 for the first time-injecting a dose of optimism into Vietnamese investor sentiment.

This marks the third time in early 2026 that the VN-Index has set a new peak.

According to Yuanta Securities, the market remains in an upward wave, with the current rally being both the strongest and longest in duration. Yuanta believes that price-to-earnings ratios in key sectors have been discounted below historical averages, while projected EPS growth for 2026 remains high.

Yuanta forecasts the VN-Index could reach 1,966 points, with a forward P/E ratio of 14. In the most optimistic scenario, it could rise to 2,280 points.

Vietnam’s market outlook remains positive as the government targets 10% GDP growth in 2026, with inflation controlled at around 4.5%. The three main growth drivers are public investment, a rebound in the private sector, and improved domestic consumption.

On the flip side, VFS notes that market divergence is expected to persist. While holding at the 1,780–1,800 level forms a solid base, it also presents pressure for the year ahead.

Manh Ha