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The article reports on daily market movements, with MWG hitting the ceiling limit on high volume due to IPO expectations for its subsidiary, while Vin-group and real estate stocks corrected sharply, and oil & gas stocks rose.
PDR Chairman Nguyen Van Dat sold 88 million shares in September 2025 at an average price of VND 23,992, netting over VND 2,100 billion, then repurchased 3 million shares in April 2026 at ~VND 15,800 per share. He stated the sale was for personal financial liquidity and the buyback reflected his view that the current price is reasonable, while emphasizing his continued commitment to the company.
The VN-Index rose over 19 points to close near 1,820, led by Vingroup stocks hitting new all-time highs, while foreign investors were net sellers of over VND 1,100 billion.
A consortium including Mitsubishi Corporation, Tokyu Land Corporation, and Phat Dat Real Estate Development JSC (PDR) announced the launch of Monrei Saigon, Vietnam's first 'Urban Hydrotherapy City' project in Ho Chi Minh City, with PDR holding approximately 20% ownership.
Phat Dat Real Estate Development (PDR) Chairman Nguyen Van Dat explained his sale of 88 million shares last year and recent repurchase of 3 million shares at a lower price during the AGM, addressing shareholder concerns about potential self-interest.
Phat Dat Real Estate (PDR) may halt construction of the VND 1,954B Phan Dinh Phung Sports Center project, a Build-Transfer (BT) contract, as announced by Chairman Nguyen Van Dat at the 2026 AGM. The potential halt contrasts with the company's progress as a candidate for the VND 50,000B Thủ Thiêm Eco Smart City project and its 2026 net profit target of VND 868B, up 69% year-on-year.
The Vietnamese National Assembly is debating a proposed amendment to the Notarization Law that would mandate notarization for real estate deposit contracts, a change currently not required by law. While some argue it protects parties, others warn it could disadvantage sellers and create market inefficiencies.
Despite high savings interest rates (up to 9%), Vietnamese banks are struggling to attract deposits, facing liquidity pressure. Capital is instead flowing into gold, real estate, and the stock market, driven by geopolitical tensions and perceived investment opportunities in these alternative channels.
Ho Chi Minh City's leadership outlined key post-election tasks, focusing on resolving land-related issues, accelerating major infrastructure projects, and developing a special urban law to boost socio-economic development.
Prime Minister Le Minh Hung outlined key economic priorities, emphasizing institutional reform, administrative streamlining, resolving stalled projects, and boosting infrastructure and energy development to achieve sustainable growth without 'hot' expansion.
The Prime Minister reported to the National Assembly, outlining a comprehensive plan to prevent economic instability, achieve double-digit growth, ensure national energy security, and stabilize key markets like real estate and corporate bonds. The government commits to mobilizing resources, increasing budget collection, resolving stalled projects, and stabilizing interest rates.
FTSE Russell has confirmed Vietnam's reclassification from Frontier to Secondary Emerging market status, effective September 2026, along with a detailed 4-tranche roadmap for inclusion into FTSE GEIS indices by September 2027. A reference list of 32 potential stocks, including major large-caps, was also released.
The Vietnamese stock market experienced a significant downturn with the VN-Index dropping 9 points and liquidity sharply decreasing to 19,300 billion VND, reflecting cautious investor sentiment and a clear lack of demand across most sectors. Major large-cap stocks in banking, real estate, and securities sectors all saw declines, despite some individual stocks providing minor support.
The VN-Index fell for a third consecutive session, closing down 9 points amidst broad market declines and low liquidity, with significant selling pressure observed in oil & gas, fertilizer, securities, and real estate sectors. Investor caution is high, and foreign investors continued net selling.
Real estate stocks have reached a 5-year low, with Q1 2026 showing a quiet market due to high interest rates and limited credit, leading to subdued earnings expectations for most companies. However, improving legal frameworks, potential interest rate stabilization, and public investment projects, especially in Dong Nai, present potential long-term investment opportunities despite current challenges.
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Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.
Last updated: 2026-04-19T13:34:57Z.