Vietnam

Intelligence for Better Decision Making

Vietnam Stock Market Sees Sharp Late-Week Sell-Off Amid High Liquidity and Heavy Foreign Outflows
Nov. 27, 2025 | Financial System

Vietnam’s stock market experienced a sharp reversal after early‐week gains, with the VN‐Index closing lower amid heavy selling pressure.

**After rallying earlier in the week, the Ho Chi Minh City VN‐Index plunged in the final minutes of trading, ending 7.6 points down at 1,660.36.**
The VN30 index also retreated, and selling dominated the market with 248 stocks declining versus about 80 advancing. Large‐cap names such as Vingroup, Vietjet, Vinpearl, and HDBank provided some support but could not prevent the downturn.

**Securities stocks bore the brunt of the sell‐off: SSI, VCI, VIX, and VND each tumbled more than 2%.**
Major caps including SSI, VRE, VPB, GVR, and DGC fell between 2% and 4.5%, and smaller HoSE names such as SVI, HII, FDC, SFC, and VMD hit their floor prices. Banking shares generally slid 1% to 1.5%, though HDBank and LPB bucked the trend with gains of 2.3% and 0.9% respectively. In real estate, both domestic and foreign investors sold heavily, driving smaller‐cap developers SCR, HQC, and DIG sharply lower, while VIC and VPL recorded modest advances.

**Trading liquidity surged by nearly 10,000 billion VND from earlier in the week, reaching around 27,000 billion VND.**
Three stocks posted exceptionally high turnover: SSI at 1,765 billion VND, SHB at 1,283 billion VND, and VIX at 1,200 billion VND. Foreign investors sold more than 2,700 billion VND while buying about 2,400 billion VND, resulting in net sales exceeding 360 billion VND. Their largest outflows went toward SSI, VIC, VHM, and VRE, while they added to positions in HDB, VHM, FPT, HPG, KBC, and VJC.

**Among VN30 constituents, Vietjet (VJC) and HDBank stood out.**
Vietjet shares climbed to the ceiling price of 219,100 VND on November 25, with trading volume topping 3.2 million shares. The stock has advanced in nine of the last ten sessions, gaining over 71% in three months. HDBank shares rose 2.25% on the same day. Other influential VN30 names included VIC, LPB, GEX, VPL, GEE, and HAG.

**Analysts at Yuanta Vietnam Securities said the market remains in a narrow sideways phase and that a clear uptrend will require a breakout above the 1,670 resistance level on the VN‐Index.**
Ho Chi Minh City accelerates green and digital transformation toward global smart megacity status
Nov. 27, 2025 | Technology & Innovation

Ho Chi Minh City is advancing a comprehensive strategy to transform itself into a world-class smart megacity by leveraging financial innovation, infrastructure development, and green technologies.

**Prime Minister Pham Minh Chinh outlined five essential conditions for this transformation: mobilize robust capital through an International Financial Center slated to begin operations in 2026; develop advanced physical and digital infrastructure; establish liberalized, competitive institutions to attract investors; cultivate a skilled workforce; and implement smart governance.**
He added that international cooperation based on harmonized benefits and shared risks will underpin these efforts.

**Following a recent municipal merger, Ho Chi Minh City’s population has surpassed 14 million, and its economy now accounts for nearly a quarter of Vietnam’s GDP.**
Party Secretary Tran Luu Quang presented a development model built around three regions, one special zone, three corridors, and five pillars: high-tech industry and innovation; logistics; the International Financial Center; tourism and cultural industries; and education, healthcare, and science and technology.

**At the CEO 500 – Tea Connect event, several corporations committed to supporting the city’s innovation and digital transformation.**
Sunwah will establish vocational training centers alongside advanced data and energy infrastructure, while Siemens ASEAN plans human resource development and green technology projects. Nokia and Qualcomm proposed joint initiatives on secure digital infrastructure, artificial intelligence, and generative AI. FPT suggested positioning Ho Chi Minh City as an AI export hub by reinforcing connectivity and cybersecurity for the financial center.

**Nguyen Van Duoc, Chairman of the Ho Chi Minh City People’s Committee, pledged to accelerate the International Financial Center’s development, streamline administrative procedures, and leverage science and technology to achieve double-digit growth.**
Prime Minister Chinh expressed confidence that the city can compete globally despite geopolitical uncertainties, emphasizing that its people lie at the heart of national progress.

From November 24 to 30, the Autumn Economic Forum 2025 drew more than 1,500 domestic and international delegates under the theme “Green transformation in the digital era.” Organized by the city’s People’s Committee, the HCMC Centre for the Fourth Industrial Revolution, relevant ministries, and the World Economic Forum, the forum’s plenary sessions detailed Vietnam’s dual transformation strategy, focusing on AI, automation, green technology, and a smart economy model.

City leadership then defined six strategic commitments: build breakthrough institutions under Resolution 98; restructure urban planning around the three zones, three corridors, and five pillars framework; operationalize the International Financial Center under Resolution 222/2025/QH15; leverage cultural and creative assets; promote science, technology, and innovation through state-academia-enterprise collaboration; and reform public administration to deliver transparent, efficient services to investors.

**Prime Minister Chinh described the global context as marked by political polarization, economic fragmentation, supply chain disruptions, and rising debt, and he urged the city to pursue green and digital transformation as strategic imperatives.**
He called for open institutions, seamless infrastructure, intelligent management, and pragmatic execution, with the private sector leading initiatives supported by state foundations.

**Vietnam’s approach rests on three overarching viewpoints: center development on people and enterprises without sacrificing social equity or environmental protection; maintain an independent, cooperative foreign policy and multilateralism; and harness innovation by integrating national strengths with international resources.**
To implement these principles, the government will enact pioneering legal frameworks and incentives, reduce administrative burdens, mobilize public and private resources, cultivate high-quality human capital through education-industry partnerships, and expand international cooperation in advanced technologies.

**At the forum, Amazon Global Selling pledged long-term support for Vietnamese SMEs and announced an Amazon Global Logistics center in Ho Chi Minh City.**
PepsiCo emphasized the need for recycling infrastructure and market development for circular economy materials. Nokia reaffirmed its commitment to a sustainable digital ecosystem, and Sun Seven Stars Investment Group outlined plans for an AI-driven International Financial Center centered on data monetization.

**The Autumn Economic Forum convened top Vietnamese leaders alongside ministers, diplomats, and over 500 high-tech and innovation enterprises, demonstrating strong national and international dedication to Ho Chi Minh City’s green, digital, and sustainable transformation into a global smart megacity.**

Monitored Intelligence for Vietnam - Nov. 28, 2025


News
Media
94

Government
Releases
26

City/State
Releases
0

Embassy
Releases
2
Foreign
Service
Advisories
0
Academic/
Think
Tank
1


Podcasts
0


Videos
0

Social
Media
0

Business
Releases
9

Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.

The goal is to provide intelligence that allows decision makers to avoid being blindsided by what they may have missed, while informing them to make better decisions as well.

Risk Categories Reported on Today

Risk Category
Items Reported On
Extreme Weather Events
9
Natural Disasters
9
Geopolitical Conflict and Disputes
2
Protest, Demonstration, Dissent
1
Regulation
6
Accidents
5
IP Protection
2
Political Scandal or Corruption
1

Erudite Risk also includes operations categories so you can monitor the environment for better decision making. Everything is tied together--what happens in risk affects operations and what happens in the market impacts risk profiles.

We categorize key intelligence into one of 30 different operations intelligence categories.

Different roles and functions within the organization can monitor different key issue areas. HR may monitor employment, wages, regulations, labor and management relations, etc., while P&L leaders may monitor overall developing trends.

Operations Categories Reported on Today

Operations Category
Items Reported On
Bizdev-Partnering
4
Budgets-Budgeting
1
Demographics
1
Trade Issues and Numbers
1
Legal Exposure
2
Asset Price Change
3
Operating Results
2
Tech Development/Adoption
6
Politics and Elections
1
Wages and Compensation
1
Real Estate
1
Economic Growth
1
Political Policy Resistance
2
Taxes
1

ĐHQGHN khảo sát thiệt hại, hỗ trợ người dân vùng lũ Đắk Lắk

VNU surveys damage and supports people in flood-affected areas of Đắk Lắk

Bao Dien Tu | Local Language | News | Nov. 28, 2025 | Natural Disasters

On November 26, the VNU working delegation arrived in Đắk Lắk to assess the damage caused by recent heavy rains and floods. They provided 1 billion VND in emergency aid directly to affected residents. Local leaders expressed appreciation for the timely support and hoped VNU experts would help develop effective solutions to address the disaster's aftermath.

The delegation collaborated with the Provincial People’s Committee and inspected critically damaged sites such as the Sông Ba Hạ Hydropower Plant, Đồng Cam Dam, and a flooded section of the North–South expressway. They also engaged with the Central University of Construction to exchange data and ensure an objective, timely assessment of the causes and impacts of the floods.

Director Hoàng Minh Sơn highlighted the importance of practical support tailored to actual needs and stressed identifying the root causes of flooding and landslides, including factors like heavy rainfall, topography, reservoir safety, and infrastructure effects. He also advocated for building a real-time "situation map" to enhance rescue coordination amid increasingly unpredictable natural disasters.

TP Hà Nội đặt mục tiêu hoàn thành 18.000 căn nhà ở xã hội năm 2026

Hanoi City aims to complete 18,000 social housing units by 2026

VN Express | Local Language | News | Nov. 28, 2025 | UndeterminedReal Estate

Hanoi City has set ambitious targets in its newly approved socio-economic development plan aiming for completion by 2026. Key goals include raising per capita income to 198 million VND, keeping inflation below 4.5%, ensuring 100% of residents have access to clean water through centralized systems, and completing 18,000 social housing units. The plan also aims to increase average housing area to 30.5 square meters per person, have public passenger transport meet 22% of travel demand, and mandate sorting and treatment of all household waste. The city seeks to treat over 50% of urban wastewater and maintain good to moderate air quality for more than 80% of days.

The plan outlines five major groups of measures to achieve these targets, including reviewing and amending mechanisms connected to Resolution 15, the 2024 Capital Law, and city planning to mobilize social resources and attract large corporations. Hanoi intends to resolve prolonged stalled projects, especially in real estate, renewable energy, industry, and commercial services. The city will promote digital transformation with an interconnected data model and expand research zones by building two science and technology parks. Critical bottlenecks such as flooding, traffic congestion, pollution, food safety, and urban disorder will be addressed with coordinated solutions. Major infrastructure projects like urban railways, highways, bridges, and scenic boulevards will be accelerated.

Regarding housing, Hanoi plans comprehensive quality inspections of old apartments and aims to overcome obstacles in compensation and resettlement to speed renovation efforts. Regulations on low-emission zones will be introduced, including sanctions, distinct license plates for clean energy vehicles, safety standards for charging stations and batteries, and power supply plans for the transition. Flood drainage planning will extend through 2045, with measures to control localized flooding and improve air quality by reducing construction dust, ending illegal waste burning, and restoring four inner-city rivers. Pollution control in key river basins is also prioritized.

Hanoi’s recent economic performance has been strong, with 23 out of 24 economic indicators met or exceeded in 2025. The city’s GRDP grew by 8.5%, per capita income reached 176.4 million VND, budget revenue increased by nearly 22% to over 641 trillion VND, and FDI attraction surged 52% to $4.1 billion, making Hanoi the leading city in the country for investment. The city also leads nationally in digital transformation and innovation, maintaining multiple digital platforms serving residents. Hanoi is entering a new development phase requiring decisive action and renewed thinking from its authorities.

Hà Nội cấm xe máy xăng trong vành đai 1 theo khung giờ từ 1/7/2026

Hanoi bans gasoline motorcycles within Ring Road 1 during specific hours from July 1, 2026

VN Express | Local Language | News | Nov. 28, 2025 | Regulation

On November 26, the Hanoi People’s Council unanimously approved a Resolution on low-emission zones under the Capital City Law 2024. The Resolution introduces restrictions on petrol-powered motorcycles and app-based hired vehicles within designated low-emission zones during specific time slots or in particular areas. Cars not meeting emission standard level 4 will also face time- or route-based restrictions, with an emphasis on transitioning commercial vehicles from fossil fuels to green energy. From July 1, 2026, taxis must be electric or use green energy, and all motorbikes must complete their conversion by 2030. Further restrictions on vehicle circulation will be decided by the City People’s Committee starting January 1, 2035.

The low-emission zones will initially pilot in wards within Ring Road 1 from July 1, 2026, including Hai Bà Trưng, Cửa Nam, Hoàn Kiếm, Ba Đình, and others. By January 1, 2028, the zone will expand to include the entire Ring Road 1 and parts of Ring Road 2. From January 1, 2030, the low-emission zone will cover all wards within Ring Road 3. Additional measures include banning new registrations of fossil fuel vehicles for organizations and prohibiting petrol- or diesel-powered trucks over 3.5 tons from entering these areas. Local communes outside the designated rings are tasked with drafting their own plans for low-emission zones.

The shift to time-slot bans rather than full-time restrictions is designed to accommodate infrastructure readiness, social conditions, and residents’ travel habits. Air pollution, driven predominantly by traffic emissions with motorbikes as the main contributors, has been a longstanding problem in Hanoi. Data shows particulate matter levels (PM2.5 and PM10) exceed national standards, with traffic responsible for 58–74% of emissions. Hanoi currently hosts over 8 million vehicles, including nearly 7 million motorbikes, and faces significant through-traffic daily. The low-emission zones will be prioritized based on environmental protection needs, congestion levels, and recent air quality data.

Try the Daily Briefing for your country of choice for two weeks--free of charge and with no obligation.

Have a service or subscription question? We'd be happy to hear from you.

How can we help?
Full Name:
Email Address:
Type of Inquiry:
Country of Interest:

Contact us for a free trial of the Daily Briefing for your country of choice.


We currently cover:
South Korea
Japan
China
Taiwan
Vietnam
India

info@eruditerisk.com

The Daily Briefing is delivered Monday through Thursday via email.

Each day's reports include a combination of:

Takes
Takes are our deep dives into a topic of enduring interest or concern. Takes include copious references to all the media resources we gathered to build them.

Developments
Developments are key issues and incidents being heavily reported on in country. These are the centers of local thought gravity around which everything else revolves.

Risk Media
Summaries and analysis of the most important risk issues reported on in media, arranged by risk category. Learn about risk trends and issues while they are developing--before they blow up.

Ops Media
Summaries and analysis of the most important operational issues reported on in media, arranged by operations category. See what's changing in your market, and what's not.

Government Releases
Government press and data releases on key economic data, regulation, law, intiatives, incidents. Straight from the government's press to your eyes in less than a day.

Embassy and Business Association Releases
Statements and news releases from foreign embassies and business/industry associations, including chambers of commerce.

The Daily Briefing is comprehensive!

The Daily Briefing can run 50-100 pages each day!

Luckily, Erudite Risk tailors every report specifically to you.

Content Filtering
We try hard to ensure that every piece of information included in each day's reports will be of interest to our readers.

To fulfill our goal of comprehensively monitoring the intelligence landscape and also keeping reports readable, we build big reports--then deliver only the information that applies to you.

Each Daily Briefing is a bespoke report matched to your concerns. Tell us what you want in it, or we can match it to your professional needs. It's that easy.