HÀ NỘI — The domestic stock market rallied sharply after FTSE Russell confirmed a roadmap to upgrade Việt Nam's equity market, sending the VN-Index above the 1,750-point mark and triggering record trading volume.

The VN-Index on the Hochiminh Stock Exchange (HoSE) surged 79.01 points, or 4.71 per cent, to close at 1,756.55 points, the highest level in a month. The 79-point gain was the strongest one-day percentage increase in roughly a year.

The benchmark now sits about 150 points, or 8 per cent, below its all-time high.

The southern market breadth was overwhelmingly positive, with 322 stocks finishing higher versus 27 decliners. Liquidity soared above VNĐ34.9 trillion (US$1.3 billion), equivalent to a trading volume of nearly 1.3 billion shares.

The VN30-Index also rose 90 points, or 4.89 per cent, to 1,931.01 points. Up to 29 ticker symbols in the VN30 basket advanced, with seven hitting the maximum daily gain of 7 per cent and only one declining.

Similarly, on the Hanoi Stock Exchange (HNX), the HNX-Index gained 6.62 points, or 2.68 per cent, to 253.32 points.

Two stocks in the Vin conglomerate, Vingroup (VIC) and Vinhomes (VHM), together contributed nearly 27 points to the rally.

The securities sector led the advance, with major brokerage names such as SSI Securities (SSI), VNDirect Securities (VND), VIX Securities (VIX), Techcom Securities (TCX) and Viet Dragon Securities Corporation (VDS) closing at ceiling prices.

Banks also joined the rally. Techcombank (TCB) and Sacombank (STB) recorded the maximum daily gain of 7 per cent, while most other lenders rose 3-5 per cent.

LPBank (LPB) was an exception, slipping about 1 per cent.

Real estate developers from large-cap groups such as Novaland (NVL), Dat Xanh Group (DXG), Nam Long (NLG) and Khang Dien House Trading and Investment (KDH) saw sharp gains, while smaller-cap property names generally advanced around 3 per cent.

However, foreign investors continued to be net sellers on both main exchanges, offloading VNĐ652.5 billion on HoSE and VNĐ11.75 billion on HNX.

The market rally was driven not only by FTSE Russell's decision to maintain its upgrade timeline but also by a robust macroeconomic backdrop.

Đặng Thanh Tùng, associate director at Dragon Capital Vietnam, said Việt Nam's economy shows greater resilience and stability than many peers. He noted that proactive negotiations by the government and PetroVietnam have secured sufficient crude supply for the Nghi Son refinery to operate at optimal levels at least through the end of May 2026. The government also remains committed to a double-digit GDP growth target for 2026, building on an 8 per cent expansion in 2025.

Tùng cautioned, however, that if oil prices remain elevated for nine to 12 months, inflation could approach 4.5-5 per cent and GDP growth could slow by 0.5-1 percentage point. While sustained rate pressures would reduce monetary policy space, the government still has fiscal levers, including accelerated public investment disbursement, tax relief or targeted subsidies, to mitigate the impact. — BIZHUB/VNS