At the opening of the September 5 trading session, capital inflows surged into Vietnamese stocks, driving the VN-Index to a new high. By 9:53 a.m., the benchmark had risen 6.34 points (+0.37%) to 1,702.77 points.

Most blue-chip stocks saw gains. Vingroup (VIC) shares climbed VND 500 to VND 125,500 (approximately USD 5.11) per share. As of September 4, billionaire Pham Nhat Vuong's estimated net worth, according to Forbes, stood at USD 12.8 billion, ranking him 222nd globally.

VietJet (VJC) stock rose VND 3,200 to VND 143,300 (around USD 5.84) per share. Nguyen Thi Phuong Thao, Chairwoman of VJC, holds a fortune of USD 3.7 billion, placing her 1,093rd on the global billionaire list.

Banking stocks also extended their gains. Techcombank (TCB), chaired by Ho Hung Anh, rose VND 400 to VND 40,000 (about USD 1.63) per share. Foreign investors bought over 1.2 million TCB shares while selling nearly 700,000.

Masan Group (MSN), chaired by Nguyen Dang Quang, saw its stock price increase by VND 1,500 to VND 86,300 (approximately USD 3.52) per share.

Market liquidity remained robust. By 10 a.m., the value of transferred stocks on the Ho Chi Minh Stock Exchange (HoSE) had exceeded VND 9.3 trillion, equivalent to around USD 378 million.

Speaking to VietNamNet, Luu Chi Khang, Director of the Research Center at Kien Thiet CSI Securities Company, said that the stock market, like many other asset classes including gold, is benefiting from a loose monetary policy. This trend is mirrored globally.

Khang expressed optimism that the VN-Index could reach the 1,720-1,786 point range. Although the market has continuously broken records and just surpassed the 1,700-point milestone on the morning of September 5, he believes capital inflow shows no signs of slowing.

According to him, profit-taking phases may occur, but in recent instances, stock prices have rebounded quickly after such sell-offs, prompting investors to reinvest and pushing the index even higher.

Meanwhile, underlying fundamentals remain supportive, from macroeconomic stability to strong Q2 2025 earnings from listed companies.

CSI analysts forecast that a market correction is likely, with a 7-15% drop considered normal. So far, the VN-Index has not experienced any significant correction since rising from 1,100 points in April.

Several institutions have recently projected that the VN-Index could reach 1,800 points this year, possibly even higher. The stock market continues to benefit from low interest rates, clear prospects of an upgrade in market classification, and government measures aimed at boosting economic growth. The Ministry of Finance has also recently withdrawn its proposal to impose a 20% annual capital gains tax on stock trading income.

La Giang Trung, CEO of Passion Investment, noted that compared to the 2020-2021 period, current capital inflows into the stock market are even stronger, while market valuations remain relatively moderate.

Manh Ha