Individual
Institutional
Investment
icon cupKIS Challenge - SEASON 5|
About KIS
Support
|
Header Banner
Login WTSOpen Account
Market Analysis
union
All
Macro
Macro Insight
Fixed Income
Corporate Bond
Market & Strategy
Market Comment
Strategy
Sectors & Corporates
Sector Insight
Company Insight
Loading news...

Featured news

Derivatives 2026/07/03: Improved liquidity

Derivatives 2026/07/03: Improved liquidity

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 3, 2026

Market commentary 2026/07/02: Positive momentum continued

Market commentary 2026/07/02: Positive momentum continued

The market posted its second consecutive gain, suggesting that buying demand is gradually improving after a period of cautious trading. This performance also indicates improving investor sentiment and reinforces expectations that the market may continue its recovery in the sessions ahead.

July 2, 2026

Derivatives 2026/07/02: A positive signal emerges

Derivatives 2026/07/02: A positive signal emerges

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 2, 2026

Market commentary 2026/07/01: Demand emerged

Market commentary 2026/07/01: Demand emerged

The market ended higher with a modest improvement in liquidity, although trading activity remained at relatively low levels. Meanwhile, selling pressure persisted throughout the session, suggesting that investors remain cautious and that the current recovery still requires further confirmation

July 1, 2026

Derivatives 2026/07/01: Caution prevails

Derivatives 2026/07/01: Caution prevails

The uptrend remains confirmed in the short term, but the risk of a reversal may be increasing. As such, traders should monitor for further confirming signals before reopening new positions.

July 1, 2026

Market commentary 2026/06/30: Selling pressure persists

Market commentary 2026/06/30: Selling pressure persists

The market ended lower while liquidity remained subdued. The lack of a meaningful improvement in capital flows suggests that buying demand is still on the sidelines. As a result, the market is likely to remain in a period of consolidation and choppy trading in the near term before a clearer directional signal emerges.

June 30, 2026

Derivatives 2026/06/30: Liquidity at low levels

Derivatives 2026/06/30: Liquidity at low levels

The uptrend has been confirmed in the short term. As such, traders may consider maintaining their long positions.

June 30, 2026

Covered warrant 2026/06/30: Cash flow improved

Covered warrant 2026/06/30: Cash flow improved

During the week, the covered warrant market continued to show signs of improvement as the number of advancing warrants increased, while the number of declining warrants narrowed compared with the previous week, although decliners still outnumbered gainers. Meanwhile, the underlying equity market remained relatively cautious, with liquidity staying at low levels, indicating that market-wide capital inflows have yet to fully recover.

June 30, 2026

Market Traders 2026/06/30: Foreign selling pressure eased significantly

Market Traders 2026/06/30: Foreign selling pressure eased significantly

By investor group, trading activity among domestic retail investors increased by 4.2% WoW, while domestic institutional investors recorded a 12.0% decline.

June 30, 2026

26W26: SBV shifts to net injection to ease liquidity pressure

26W26: SBV shifts to net injection to ease liquidity pressure

In 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.

June 29, 2026

Chart of the day 2026/06/29: Uptrend confirmed

Chart of the day 2026/06/29: Uptrend confirmed

The uptrend has been confirmed by the breakout signals seen last week. As such, investors may consider reopening new positions at a reasonable allocation level.

June 29, 2026

Market commentary 2026/06/29: Divergent market performance

Market commentary 2026/06/29: Divergent market performance

Although the market ended higher, liquidity remained subdued, signaling that capital flows are still cautious. At the same time, selling pressure persisted throughout the session, suggesting that the current rebound has yet to gain broad market confirmation.

June 29, 2026

Derivatives 2026/06/29: Support around the MA50

Derivatives 2026/06/29: Support around the MA50

The uptrend has been confirmed in the short term. As such, investors may consider maintaining their long positions.

June 29, 2026

Market commentary 2026/06/26: Selling pressure returns

Market commentary 2026/06/26: Selling pressure returns

The market ended lower while liquidity declined sharply, indicating that investor caution continues to dominate sentiment. This development also suggests that investors remain in a wait-and-see mode and implies that the market may continue to trade in a choppy range in the near term, as no sufficiently strong catalyst has yet emerged to alter the current trend.

June 26, 2026

Derivatives 2026/06/26: Consolidation phase

Derivatives 2026/06/26: Consolidation phase

The uptrend has been confirmed in the short term, supported by rising trading volume. Therefore, traders may consider maintaining their Long positions.

June 26, 2026

Market commentary 2026/06/25: Green momentum sustained

Market commentary 2026/06/25: Green momentum sustained

Although the market extended its gains, liquidity declined compared to the previous session, suggesting that the upward move has yet to receive broad confirmation from capital flows. This reflects continued investor caution and indicates that the current uptrend may require additional time before being firmly established.

June 25, 2026

Derivatives 2026/06/25: Uptrend returns

Derivatives 2026/06/25: Uptrend returns

The short-term uptrend has been confirmed, supported by rising trading volume. As such, traders may consider reopening long positions in the next session.

June 25, 2026

Derivatives 2026/06/24: Positive momentum holds

Derivatives 2026/06/24: Positive momentum holds

The short-term uptrend has been confirmed by signals on the contract's price action. As such, traders may consider reopening long positions with a moderately low position size.

June 24, 2026

Market commentary 2026/06/24: Foreigners returned to net buying

Market commentary 2026/06/24: Foreigners returned to net buying

The market recorded its second consecutive gain alongside an improvement in liquidity, suggesting that capital flows are gradually returning. However, the rally lost momentum toward the end of the session as profit-taking pressure emerged, significantly narrowing the index's gains. This development reflects continued investor caution and suggests that the market may experience further bouts of volatility in the near term.

June 24, 2026

Market commentary 2026/06/23: Green start to the week

Market commentary 2026/06/23: Green start to the week

Although the market posted a strong gain, most of the index's advance was driven by Vingroup-related stocks. Meanwhile, liquidity continued to decline, indicating that investor caution remains present. Therefore, investors should wait for additional signals from the market before drawing firmer conclusions about the market's direction.

June 23, 2026

Featured promotions

Derivatives 2026/07/03: Improved liquidity

Derivatives 2026/07/03: Improved liquidity

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 3, 2026

Market commentary 2026/07/02: Positive momentum continued

Market commentary 2026/07/02: Positive momentum continued

The market posted its second consecutive gain, suggesting that buying demand is gradually improving after a period of cautious trading. This performance also indicates improving investor sentiment and reinforces expectations that the market may continue its recovery in the sessions ahead.

July 2, 2026

Derivatives 2026/07/02: A positive signal emerges

Derivatives 2026/07/02: A positive signal emerges

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 2, 2026

Market commentary 2026/07/01: Demand emerged

Market commentary 2026/07/01: Demand emerged

The market ended higher with a modest improvement in liquidity, although trading activity remained at relatively low levels. Meanwhile, selling pressure persisted throughout the session, suggesting that investors remain cautious and that the current recovery still requires further confirmation

July 1, 2026

Derivatives 2026/07/01: Caution prevails

Derivatives 2026/07/01: Caution prevails

The uptrend remains confirmed in the short term, but the risk of a reversal may be increasing. As such, traders should monitor for further confirming signals before reopening new positions.

July 1, 2026

Market commentary 2026/06/30: Selling pressure persists

Market commentary 2026/06/30: Selling pressure persists

The market ended lower while liquidity remained subdued. The lack of a meaningful improvement in capital flows suggests that buying demand is still on the sidelines. As a result, the market is likely to remain in a period of consolidation and choppy trading in the near term before a clearer directional signal emerges.

June 30, 2026

Derivatives 2026/06/30: Liquidity at low levels

Derivatives 2026/06/30: Liquidity at low levels

The uptrend has been confirmed in the short term. As such, traders may consider maintaining their long positions.

June 30, 2026

Covered warrant 2026/06/30: Cash flow improved

Covered warrant 2026/06/30: Cash flow improved

During the week, the covered warrant market continued to show signs of improvement as the number of advancing warrants increased, while the number of declining warrants narrowed compared with the previous week, although decliners still outnumbered gainers. Meanwhile, the underlying equity market remained relatively cautious, with liquidity staying at low levels, indicating that market-wide capital inflows have yet to fully recover.

June 30, 2026

Market Traders 2026/06/30: Foreign selling pressure eased significantly

Market Traders 2026/06/30: Foreign selling pressure eased significantly

By investor group, trading activity among domestic retail investors increased by 4.2% WoW, while domestic institutional investors recorded a 12.0% decline.

June 30, 2026

26W26: SBV shifts to net injection to ease liquidity pressure

26W26: SBV shifts to net injection to ease liquidity pressure

In 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.

June 29, 2026

Chart of the day 2026/06/29: Uptrend confirmed

Chart of the day 2026/06/29: Uptrend confirmed

The uptrend has been confirmed by the breakout signals seen last week. As such, investors may consider reopening new positions at a reasonable allocation level.

June 29, 2026

Market commentary 2026/06/29: Divergent market performance

Market commentary 2026/06/29: Divergent market performance

Although the market ended higher, liquidity remained subdued, signaling that capital flows are still cautious. At the same time, selling pressure persisted throughout the session, suggesting that the current rebound has yet to gain broad market confirmation.

June 29, 2026

Derivatives 2026/06/29: Support around the MA50

Derivatives 2026/06/29: Support around the MA50

The uptrend has been confirmed in the short term. As such, investors may consider maintaining their long positions.

June 29, 2026

Market commentary 2026/06/26: Selling pressure returns

Market commentary 2026/06/26: Selling pressure returns

The market ended lower while liquidity declined sharply, indicating that investor caution continues to dominate sentiment. This development also suggests that investors remain in a wait-and-see mode and implies that the market may continue to trade in a choppy range in the near term, as no sufficiently strong catalyst has yet emerged to alter the current trend.

June 26, 2026

Derivatives 2026/06/26: Consolidation phase

Derivatives 2026/06/26: Consolidation phase

The uptrend has been confirmed in the short term, supported by rising trading volume. Therefore, traders may consider maintaining their Long positions.

June 26, 2026

Market commentary 2026/06/25: Green momentum sustained

Market commentary 2026/06/25: Green momentum sustained

Although the market extended its gains, liquidity declined compared to the previous session, suggesting that the upward move has yet to receive broad confirmation from capital flows. This reflects continued investor caution and indicates that the current uptrend may require additional time before being firmly established.

June 25, 2026

Derivatives 2026/06/25: Uptrend returns

Derivatives 2026/06/25: Uptrend returns

The short-term uptrend has been confirmed, supported by rising trading volume. As such, traders may consider reopening long positions in the next session.

June 25, 2026

Derivatives 2026/06/24: Positive momentum holds

Derivatives 2026/06/24: Positive momentum holds

The short-term uptrend has been confirmed by signals on the contract's price action. As such, traders may consider reopening long positions with a moderately low position size.

June 24, 2026

Market commentary 2026/06/24: Foreigners returned to net buying

Market commentary 2026/06/24: Foreigners returned to net buying

The market recorded its second consecutive gain alongside an improvement in liquidity, suggesting that capital flows are gradually returning. However, the rally lost momentum toward the end of the session as profit-taking pressure emerged, significantly narrowing the index's gains. This development reflects continued investor caution and suggests that the market may experience further bouts of volatility in the near term.

June 24, 2026

Market commentary 2026/06/23: Green start to the week

Market commentary 2026/06/23: Green start to the week

Although the market posted a strong gain, most of the index's advance was driven by Vingroup-related stocks. Meanwhile, liquidity continued to decline, indicating that investor caution remains present. Therefore, investors should wait for additional signals from the market before drawing firmer conclusions about the market's direction.

June 23, 2026

Featured news

Derivatives 2026/07/03: Improved liquidity

Derivatives 2026/07/03: Improved liquidity

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 3, 2026

Market commentary 2026/07/02: Positive momentum continued

Market commentary 2026/07/02: Positive momentum continued

The market posted its second consecutive gain, suggesting that buying demand is gradually improving after a period of cautious trading. This performance also indicates improving investor sentiment and reinforces expectations that the market may continue its recovery in the sessions ahead.

July 2, 2026

Derivatives 2026/07/02: A positive signal emerges

Derivatives 2026/07/02: A positive signal emerges

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 2, 2026

Market commentary 2026/07/01: Demand emerged

Market commentary 2026/07/01: Demand emerged

The market ended higher with a modest improvement in liquidity, although trading activity remained at relatively low levels. Meanwhile, selling pressure persisted throughout the session, suggesting that investors remain cautious and that the current recovery still requires further confirmation

July 1, 2026

Derivatives 2026/07/01: Caution prevails

Derivatives 2026/07/01: Caution prevails

The uptrend remains confirmed in the short term, but the risk of a reversal may be increasing. As such, traders should monitor for further confirming signals before reopening new positions.

July 1, 2026

Market commentary 2026/06/30: Selling pressure persists

Market commentary 2026/06/30: Selling pressure persists

The market ended lower while liquidity remained subdued. The lack of a meaningful improvement in capital flows suggests that buying demand is still on the sidelines. As a result, the market is likely to remain in a period of consolidation and choppy trading in the near term before a clearer directional signal emerges.

June 30, 2026

Derivatives 2026/06/30: Liquidity at low levels

Derivatives 2026/06/30: Liquidity at low levels

The uptrend has been confirmed in the short term. As such, traders may consider maintaining their long positions.

June 30, 2026

Covered warrant 2026/06/30: Cash flow improved

Covered warrant 2026/06/30: Cash flow improved

During the week, the covered warrant market continued to show signs of improvement as the number of advancing warrants increased, while the number of declining warrants narrowed compared with the previous week, although decliners still outnumbered gainers. Meanwhile, the underlying equity market remained relatively cautious, with liquidity staying at low levels, indicating that market-wide capital inflows have yet to fully recover.

June 30, 2026

Market Traders 2026/06/30: Foreign selling pressure eased significantly

Market Traders 2026/06/30: Foreign selling pressure eased significantly

By investor group, trading activity among domestic retail investors increased by 4.2% WoW, while domestic institutional investors recorded a 12.0% decline.

June 30, 2026

26W26: SBV shifts to net injection to ease liquidity pressure

26W26: SBV shifts to net injection to ease liquidity pressure

In 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.

June 29, 2026

Chart of the day 2026/06/29: Uptrend confirmed

Chart of the day 2026/06/29: Uptrend confirmed

The uptrend has been confirmed by the breakout signals seen last week. As such, investors may consider reopening new positions at a reasonable allocation level.

June 29, 2026

Market commentary 2026/06/29: Divergent market performance

Market commentary 2026/06/29: Divergent market performance

Although the market ended higher, liquidity remained subdued, signaling that capital flows are still cautious. At the same time, selling pressure persisted throughout the session, suggesting that the current rebound has yet to gain broad market confirmation.

June 29, 2026

Derivatives 2026/06/29: Support around the MA50

Derivatives 2026/06/29: Support around the MA50

The uptrend has been confirmed in the short term. As such, investors may consider maintaining their long positions.

June 29, 2026

Market commentary 2026/06/26: Selling pressure returns

Market commentary 2026/06/26: Selling pressure returns

The market ended lower while liquidity declined sharply, indicating that investor caution continues to dominate sentiment. This development also suggests that investors remain in a wait-and-see mode and implies that the market may continue to trade in a choppy range in the near term, as no sufficiently strong catalyst has yet emerged to alter the current trend.

June 26, 2026

Derivatives 2026/06/26: Consolidation phase

Derivatives 2026/06/26: Consolidation phase

The uptrend has been confirmed in the short term, supported by rising trading volume. Therefore, traders may consider maintaining their Long positions.

June 26, 2026

Market commentary 2026/06/25: Green momentum sustained

Market commentary 2026/06/25: Green momentum sustained

Although the market extended its gains, liquidity declined compared to the previous session, suggesting that the upward move has yet to receive broad confirmation from capital flows. This reflects continued investor caution and indicates that the current uptrend may require additional time before being firmly established.

June 25, 2026

Derivatives 2026/06/25: Uptrend returns

Derivatives 2026/06/25: Uptrend returns

The short-term uptrend has been confirmed, supported by rising trading volume. As such, traders may consider reopening long positions in the next session.

June 25, 2026

Derivatives 2026/06/24: Positive momentum holds

Derivatives 2026/06/24: Positive momentum holds

The short-term uptrend has been confirmed by signals on the contract's price action. As such, traders may consider reopening long positions with a moderately low position size.

June 24, 2026

Market commentary 2026/06/24: Foreigners returned to net buying

Market commentary 2026/06/24: Foreigners returned to net buying

The market recorded its second consecutive gain alongside an improvement in liquidity, suggesting that capital flows are gradually returning. However, the rally lost momentum toward the end of the session as profit-taking pressure emerged, significantly narrowing the index's gains. This development reflects continued investor caution and suggests that the market may experience further bouts of volatility in the near term.

June 24, 2026

Market commentary 2026/06/23: Green start to the week

Market commentary 2026/06/23: Green start to the week

Although the market posted a strong gain, most of the index's advance was driven by Vingroup-related stocks. Meanwhile, liquidity continued to decline, indicating that investor caution remains present. Therefore, investors should wait for additional signals from the market before drawing firmer conclusions about the market's direction.

June 23, 2026

Featured promotions

Derivatives 2026/07/03: Improved liquidity

Derivatives 2026/07/03: Improved liquidity

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 3, 2026

Market commentary 2026/07/02: Positive momentum continued

Market commentary 2026/07/02: Positive momentum continued

The market posted its second consecutive gain, suggesting that buying demand is gradually improving after a period of cautious trading. This performance also indicates improving investor sentiment and reinforces expectations that the market may continue its recovery in the sessions ahead.

July 2, 2026

Derivatives 2026/07/02: A positive signal emerges

Derivatives 2026/07/02: A positive signal emerges

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 2, 2026

Market commentary 2026/07/01: Demand emerged

Market commentary 2026/07/01: Demand emerged

The market ended higher with a modest improvement in liquidity, although trading activity remained at relatively low levels. Meanwhile, selling pressure persisted throughout the session, suggesting that investors remain cautious and that the current recovery still requires further confirmation

July 1, 2026

Derivatives 2026/07/01: Caution prevails

Derivatives 2026/07/01: Caution prevails

The uptrend remains confirmed in the short term, but the risk of a reversal may be increasing. As such, traders should monitor for further confirming signals before reopening new positions.

July 1, 2026

Market commentary 2026/06/30: Selling pressure persists

Market commentary 2026/06/30: Selling pressure persists

The market ended lower while liquidity remained subdued. The lack of a meaningful improvement in capital flows suggests that buying demand is still on the sidelines. As a result, the market is likely to remain in a period of consolidation and choppy trading in the near term before a clearer directional signal emerges.

June 30, 2026

Derivatives 2026/06/30: Liquidity at low levels

Derivatives 2026/06/30: Liquidity at low levels

The uptrend has been confirmed in the short term. As such, traders may consider maintaining their long positions.

June 30, 2026

Covered warrant 2026/06/30: Cash flow improved

Covered warrant 2026/06/30: Cash flow improved

During the week, the covered warrant market continued to show signs of improvement as the number of advancing warrants increased, while the number of declining warrants narrowed compared with the previous week, although decliners still outnumbered gainers. Meanwhile, the underlying equity market remained relatively cautious, with liquidity staying at low levels, indicating that market-wide capital inflows have yet to fully recover.

June 30, 2026

Market Traders 2026/06/30: Foreign selling pressure eased significantly

Market Traders 2026/06/30: Foreign selling pressure eased significantly

By investor group, trading activity among domestic retail investors increased by 4.2% WoW, while domestic institutional investors recorded a 12.0% decline.

June 30, 2026

26W26: SBV shifts to net injection to ease liquidity pressure

26W26: SBV shifts to net injection to ease liquidity pressure

In 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.

June 29, 2026

Chart of the day 2026/06/29: Uptrend confirmed

Chart of the day 2026/06/29: Uptrend confirmed

The uptrend has been confirmed by the breakout signals seen last week. As such, investors may consider reopening new positions at a reasonable allocation level.

June 29, 2026

Market commentary 2026/06/29: Divergent market performance

Market commentary 2026/06/29: Divergent market performance

Although the market ended higher, liquidity remained subdued, signaling that capital flows are still cautious. At the same time, selling pressure persisted throughout the session, suggesting that the current rebound has yet to gain broad market confirmation.

June 29, 2026

Derivatives 2026/06/29: Support around the MA50

Derivatives 2026/06/29: Support around the MA50

The uptrend has been confirmed in the short term. As such, investors may consider maintaining their long positions.

June 29, 2026

Market commentary 2026/06/26: Selling pressure returns

Market commentary 2026/06/26: Selling pressure returns

The market ended lower while liquidity declined sharply, indicating that investor caution continues to dominate sentiment. This development also suggests that investors remain in a wait-and-see mode and implies that the market may continue to trade in a choppy range in the near term, as no sufficiently strong catalyst has yet emerged to alter the current trend.

June 26, 2026

Derivatives 2026/06/26: Consolidation phase

Derivatives 2026/06/26: Consolidation phase

The uptrend has been confirmed in the short term, supported by rising trading volume. Therefore, traders may consider maintaining their Long positions.

June 26, 2026

Market commentary 2026/06/25: Green momentum sustained

Market commentary 2026/06/25: Green momentum sustained

Although the market extended its gains, liquidity declined compared to the previous session, suggesting that the upward move has yet to receive broad confirmation from capital flows. This reflects continued investor caution and indicates that the current uptrend may require additional time before being firmly established.

June 25, 2026

Derivatives 2026/06/25: Uptrend returns

Derivatives 2026/06/25: Uptrend returns

The short-term uptrend has been confirmed, supported by rising trading volume. As such, traders may consider reopening long positions in the next session.

June 25, 2026

Derivatives 2026/06/24: Positive momentum holds

Derivatives 2026/06/24: Positive momentum holds

The short-term uptrend has been confirmed by signals on the contract's price action. As such, traders may consider reopening long positions with a moderately low position size.

June 24, 2026

Market commentary 2026/06/24: Foreigners returned to net buying

Market commentary 2026/06/24: Foreigners returned to net buying

The market recorded its second consecutive gain alongside an improvement in liquidity, suggesting that capital flows are gradually returning. However, the rally lost momentum toward the end of the session as profit-taking pressure emerged, significantly narrowing the index's gains. This development reflects continued investor caution and suggests that the market may experience further bouts of volatility in the near term.

June 24, 2026

Market commentary 2026/06/23: Green start to the week

Market commentary 2026/06/23: Green start to the week

Although the market posted a strong gain, most of the index's advance was driven by Vingroup-related stocks. Meanwhile, liquidity continued to decline, indicating that investor caution remains present. Therefore, investors should wait for additional signals from the market before drawing firmer conclusions about the market's direction.

June 23, 2026

LogoCông ty Cổ phần Chứng khoán KIS Việt Nam
Follow us
Individual Clients
Securities services
Institutional
Institutional client brokerageCorporate RelationshipFinancial SupportETF
Investment Banking
Debt Capital MarketsEquity Capital MarketsFinancial Support
Head Office Icon
Head Office:3rd Floor & 11th Floor, ROX Building, 180-192 Nguyen Cong Tru Street, Ho Chi Minh City
Hotline Icon
Customer Center:(84-28) 3914-8585
Email Icon
Email:cskh@kisvn.com
Copyright @ KIS Viet Nam - 2026
30W26: Short-term interbank rates extend drop
30W26: Short-term interbank rates extend dropIn 30W26, the SBV persisted with its net liquidity extraction via open market operations as banking system liquidity continued to improve. Short-term interbank rates maintained their downward trajectory, signaling easing short-term funding pressures following the implementation of new liquidity ratio regulations, whereas longer maturities remained anchored at higher levels. On the FX front, the domestic USDVND exchange rate advanced for a second straight week, rising 0.13% WoW to 26,324 under the combined pressure of persistent foreign equity selling and a resilient global greenback fueled by Middle East geopolitical risks.PDFFI-30W26-Eng_1
July 27, 2026
29W26: SBV extends liquidity withdrawal
29W26: SBV extends liquidity withdrawalDuring Week 29 of 2026, the SBV remained a net liquidity absorber via open market operations as banking system liquidity continued to improve. Short-term interbank rates (overnight to two-week) declined further, reflecting easing liquidity pressures following the implementation of new liquidity ratio regulations. Meanwhile, longer-tenor rates stayed relatively elevated, indicating tighter funding conditions over longer maturities. On the FX front, USDVND rose marginally by 0.08% compared to the last week to 26,290, mainly due to persistent foreign net equity outflows despite continued weakness in the global U.S. dollar.PDFFI-29W26-Eng-1
July 20, 2026
28W26: SBV reverses to net withdrawal
28W26: SBV reverses to net withdrawalIn 28W26, the SBV returned to a net liquidity withdrawal through open market operations after two consecutive weeks of net injection, as banking system strains successfully eased. Concurrently, interbank rates softened at the short end of the curve, led by a sharp decline in the overnight segment following the normalization of mid-year funding demand, while longer tenors edged slightly higher. Meanwhile, in the FX market, the domestic interbank USDVND rate edged down to 26,269 despite persistent foreign net selling on the HoSE and hawkish Fed minutes put broader pressure on the currency.PDFFI-28W26-Eng
July 16, 2026
27W26: SBV maintains net injection while diverging interbank rates
27W26: SBV maintains net injection while diverging interbank ratesIn 27W26, the SBV continued its net liquidity injection to ease surging pressures in the overnight segment, driven by short-term swap maturities during the week. Concurrently, interbank rates diverged as a spike in immediate cash demand pushed overnight rates sharply higher. In the FX market, the interbank USDVND rate remained virtually unchanged, staying resilient against persistent foreign net selling as a softer global greenback helped alleviate broader depreciation pressures.PDFFI-27W26-Eng
July 9, 2026
26W26: SBV shifts to net injection to ease liquidity pressure
26W26: SBV shifts to net injection to ease liquidity pressureIn 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.PDFFI-26W26-Eng
June 29, 2026
25W26: Interbank rates edged higher as SBV extends withdrawal
25W26: Interbank rates edged higher as SBV extends withdrawalIn 25W26, the SBV extended its net liquidity withdrawal for a third consecutive week with total withdrawals over the three-week period reaching VND106.60tn from the banking system. As a result, the interbank curve flattened as short-term rates began to rise amid tighter liquidity conditions. On the FX front, USDVND edged up to 26,318 and continued to move sideways as the U.S. dollar strengthened following the Fed’s hawkish tone and developments in the Middle East.PDFFI-25W26-Eng
June 22, 2026
24W26: SBV extends net withdrawal as interbank rates edge lower
24W26: SBV extends net withdrawal as interbank rates edge lowerIn 24W26, the SBV extends its net liquidity withdrawal for a second consecutive week as immediate system pressures ease. Tracking this development, interbank rates decline across all tenors with a steeper yield curve, driven by a sharp pullback at the short end. Regarding the FX market, the greenback's momentum completely reversed toward the weekend as a Middle East peace breakthrough dragged the dollar down, allowing the domestic USDVND rate to edge lower despite persistent foreign net selling.PDFFI-24W26-Eng
June 15, 2026
23W26: SBV withdraws liquidity while interbank rates diverge
23W26: SBV withdraws liquidity while interbank rates divergeIn 23W26, the SBV shifts to a net liquidity withdrawal from the banking system. Besides, interbank rates record a divergence across tenors as short tenors decrease while longer terms increase, accompanied by a notable decline in trading activity. In the FX market, USDVND continues to trade sideways with an upward bias, supported by hawkish Fed expectations. Meanwhile, persistent foreign outflows, as global capital continues to rotate away from emerging markets, are adding further pressure to the USDVND outlook in the coming periods.PDFFI-23W26-Eng
June 8, 2026
22W26: SBV ramps up repo injections
22W26: SBV ramps up repo injectionsIn 22W26, the SBV actively steps up its supportive stance by recording a significant net liquidity injection into the banking system to alleviate temporary tight conditions. This intervention follows a sharp surge in short term interbank rates, which jump alongside expanding trading value due to intensifying funding needs. On the FX market, USDVND reverses its upward trend and moves lower as the greenback weakens on Middle East ceasefire extension progress.PDFFI-22W26-Eng
June 1, 2026
SBV continues net liquidity withdrawal
SBV continues net liquidity withdrawalThis week on the open market operations, the SBV continued its net liquidity withdrawal for a second consecutive week, albeit at a moderate level, helping to reduce pressure from maturing repo contracts while still tightening liquidity conditions in the interbank market. Specifically, interbank rates rose notably at the short end of the curve, accompanied by a decline in trading volume, signalling tighter liquidity conditions within the banking system. On the FX market, USDVND moves sideways as the greenback consolidates amid shifting Middle East headlines and persistent U.S. inflation concerns from high fuel costs, which keep the Fed’s policy expectations largely hawkish. Despite the stabilizing global dollar, USDVND edges slightly higher due to continuous pressure from foreign capital outflows as foreign investors extend their net selling streak on the HoSE.PDFFI-21W26-Eng
May 25, 2026