Maintaining a positive trend since opening, but under pressure from Vingroup group stocks, the stock market reversed in the final minutes, dropping nearly 7 points.
Nguyen Son, chairman of VSDC, stated that the State Securities Commission has been preparing for Vietnam's market upgrade for three to five years and could meet MSCI standards by 2028-2029.
The VN-Index gained slightly, approaching the psychological 1,800-point threshold, supported by banking and steel stocks, which offset continued selling pressure from the Vingroup cluster.
The VN-Index lost nearly 40 points in the morning session, falling below the psychological support level of 1,800 points due to widespread selling pressure.
According to VinaCapital data, over 70% of stocks are trading below a price-to-earnings ratio of 10, a valuation level typically seen only during periods of crisis.
The Ministry of Finance proposes expanding the forms of contract execution between securities companies and investors, instead of requiring written contracts as per current regulations.
Investors heavily sold Vingroup-related stocks, causing the Ho Chi Minh City exchange's benchmark index to drop nearly 10 points to 1,874 points, its lowest since the start of the month.
Banking stocks surged and attracted strong domestic investor capital after a long period of stagnation, becoming a pillar that helped the VN-Index avoid a deep decline.
To trade securities online, investors will need to match biometric information during the first transaction of each login session, according to a new proposal from the Ministry of Finance.
According to Dragon Capital experts, Vingroup stocks have risen sharply but are consistent with financial health, and this level is still much lower than other benchmark stocks in other countries.
The Vietnam Stock Exchange expects a record profit of 2,987 billion VND this year, driven by plans for gold ETFs, a carbon exchange, and startup capital.
