Market participants say the initial rally in oil and gas names quickly lost momentum as investors reassessed supply risks and the sector''s structural exposure.
Market posted its third consecutive week of increases last week, but it sparks concern whether the positive trend has really returned or is it just a technical recovery in the medium-term trend.
After a strong rally, the market is entering a correction phase marked by declining liquidity and cautious capital flows, indicating that investor sentiment remains wary of short-term fluctuations.
The State Treasury raised over VNĐ80 trillion (US$3 billion) through government bonds in the first quarter of 2026, meeting 16 per cent of the annual raising target.
Global index provider FTSE Russell has confirmed that Việt Nam will be upgraded from a frontier market to a secondary emerging market from September 21, according to its latest mid-cycle review released on Wednesday.
Market breadth on HoSE was slightly positive with 161 advancers versus 140 decliners, but total trading value fell sharply to just over VNĐ15.1 trillion (US$575.3 million), down about 15 per cent from the previous session.
Despite record net foreign outflows in 2025, many experts view those withdrawals as cyclical rather than structural, while medium- and long-term fundamentals remain supportive.
Investigators initially determined that the company’s actual revenue was about VNĐ13.7 trillion (US$520.19 million), a difference of about VNĐ9.7 trillion against tax reporting, causing a loss of about VNĐ150 billion to the State budget.
Deloitte has estimated the upgrade could attract up to US$6 billion in foreign inflows, bolstering liquidity, market depth and demand for IPOs in coming years.
April''s market will continue to face geopolitical risks, rising interest rates and elevated margin financing, while the economy still has room for support.
Technical indicators continued to show signs of recovery, but analysts flagged that the index''s failure to hold the 1,700–1,720 resistance zone could raise the risk of short-term supply pressure.
Regulators are pushing for comprehensive reforms aimed at strengthening the market''s foundations. These include improving disclosure standards, enhancing supervision and promoting the development of credit rating services and institutional investors.
