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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Vietnam’s stock market ended March 2026 on a negative note, with the VN-Index falling 10.9% month-on-month. Investors remained cautious amid concerns about potential external shocks, according to Rong Viet Securities.
Rong Viet Securities said the main pressure stemmed from geopolitical tensions in the Middle East, which raised worries about energy security and the risk of imported inflation. The broader global backdrop was also weak, with global markets declining during March.
While the VN-Index’s drop was sharper than some peers, it was still lower than declines seen in certain markets such as Korea or some emerging market indices. This comparison suggested Vietnam’s market fundamentals remained comparatively stable despite the sell-off.
Liquidity was a standout feature in March. The average daily trading value on HoSE was around 27.193 trillion dong, essentially flat versus the previous month. This indicated that funds did not broadly exit the market; instead, capital appeared to shift toward short-term trading and opportunities in stocks that had fallen to deeper discounts.
The pullback was broad across sectors. Cyclical groups—including real estate, banks, and utilities—contributed most to the decline. By contrast, defensive segments such as insurance and autos recorded modest gains, reflecting a rotation toward less volatile areas.
Domestic institutional investors and domestic money continued to support the market, but largely through portfolio rotation and selective disbursement rather than broad-based buying. Foreign investors, meanwhile, remained net sellers, concentrating on large-cap stocks and adding pressure on the overall index.

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