---
title: Vietnam Stock Market Overview in Early November 2026
description: "Vietnam stock market overview in early November 2026: VN-Index tests 1,740 points, cautious trading volume and persistent foreign net outflows."
url: https://ginity.vn/en/blog/vietnam-stock-market-overview-early-november-2026
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markdown: https://ginity.vn/en/blog/vietnam-stock-market-overview-early-november-2026.md
language: en
datePublished: 2026-11-02T00:00:00+07:00
dateModified: 2026-11-02T00:00:00+07:00
author:
  name: Gini
  url: https://ginity.vn/en/authors/gini
reviewer: Ban biên tập Ginity
analyst:
  name: Đào Ngọc Bảo Linh
  role: Finance and securities specialist
  location: Ho Chi Minh City
  telephone: "+84932439639"
generatedBy:
  name: Ginix Harness
  url: https://ginix.vn
desk:
  id: equity
  name: Companies & sectors
  url: https://ginity.vn/en/topics/equity
tickers:
  - VIC
  - VHM
  - TCB
  - FPT
  - MSN
sources: []
publisher: Ginity
attribution: 'Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content.'
disclaimer: "Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources."
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---

# Vietnam Stock Market Overview in Early November 2026

> Vietnam stock market overview in early November 2026: VN-Index tests 1,740 points, cautious trading volume and persistent foreign net outflows.

Gini · Companies & sectors · 2026-11-02 · https://ginity.vn/en/blog/vietnam-stock-market-overview-early-november-2026

_Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_

## Key takeaways

- The VN-Index concluded the final trading week of October 2026 at 1,741.62 points, representing a weekly decrease of 32.53 points or 1.83%.
- Average daily trading volume on HOSE during October 26–30, 2026 reached over 645 million shares, declining by 9.38% from the preceding week.
- Foreign investors recorded net selling of 2,692 billion VND in the final week of October, bringing total October net withdrawals to over 20,000 billion VND.
- Corporate earnings for Q3 2026 showed net profit growth exceeding 35% across 797 companies representing 77% of total market capitalization.

The Vietnamese equity market entered early November 2026 following a protracted consolidation phase throughout October. According to consolidated market figures reported by [Tien Phong News](https://tienphong.vn/chung-khoan-thang-11-tien-dung-ngoai-thi-truong-cho-dieu-gi-post1890515.tpo) on November 1, 2026, the benchmark VN-Index closed October at 1,741 points, decreasing by 1.56% from September 2026. This marked the second consecutive monthly decline after the index previously shed 3.47% in September 2026. Cautious investor sentiment caused substantial liquidity to stay on the sidelines, pushing transaction turnover lower while the benchmark tested the critical 1,740-point support boundary.

Trading dynamics across the transitional week from October 26 to October 30, 2026 illustrated clear hesitation between buyers and sellers. Market participants can examine the detailed session breakdown in the [October 30 market wrap](/en/blog/vietnam-market-wrap-october-30-2026) to track capital rotation across major industry groups. Sustained foreign institutional net outflows and substantial sector divergence during the third-quarter 2026 earnings reporting season served as primary drivers shaping market performance.

## Major Stock Index Movements

At the close of trading on October 30, 2026, the VN-Index settled at 1,741.62 points, losing 13.99 points or 0.80% on the day. According to trading records published by [Vietnam News Agency](https://bnews.vn/chung-khoan-thang-11-dong-tien-con-than-trong-thi-truong-cho-dong-luc-moi/442663.html) on November 1, 2026, the Ho Chi Minh City Stock Exchange recorded four losing sessions against only one gaining session during the week of October 26–30, 2026, causing the VN-Index to lose a cumulative 32.53 points. This pull-back brought the benchmark back toward the short-term low recorded on October 20, 2026 at 1,677 points before a subsequent technical rebound toward 1,780 points.

According to market data published by [Vietnam News Agency](https://bnews.vn/chung-khoan-thang-11-dong-tien-con-than-trong-thi-truong-cho-dong-luc-moi/442663.html) on November 1, 2026, weakness extended beyond large-cap leaders into the broader VN30 basket. Specifically, the VN30-Index concluded the session on October 30, 2026 at 1,855.04 points, posting a weekly decline of 2.73%. During the final trading session of the week, the banking cluster experienced selling pressure, including LPB dropping 3.22%, TCB shedding 3.36%, SSB declining 3.53%, and MBB decreasing 2.03%. Concurrently, on the Hanoi Stock Exchange, the HNX-Index concluded the session on October 30, 2026 at 252.74 points, losing 1.48% across the week.

> Chart: Weekly index percentage decline October 26-30, 2026. %. VN-Index: 1,83; VN30-Index: 2,73; HNX-Index: 1,48.

Weekly benchmark fluctuations quantify the pace of market adjustments through the standard formula:

$$\text{Weekly Index Change} = \frac{\text{Closing Level on October 30, 2026} - \text{Closing Level on October 23, 2026}}{\text{Closing Level on October 23, 2026}} \times 100\%$$

Applying the closing value of 1,774.15 points on October 23, 2026 and 1,741.62 points on October 30, 2026 yields the observed weekly return:

$$\text{Weekly Index Change} = \frac{1,741.62 - 1,774.15}{1,774.15} \times 100\% \approx -1.83\%$$

According to technical analysis published by [Securities Investment Magazine](https://www.tinnhanhchungkhoan.vn/nhan-dinh-thi-truong-phien-giao-dich-ngay-211-khong-nen-ban-thao-post400579.html) on November 1, 2026, the 1.83% weekly correction on muted trading volume indicates that panic-driven liquidation did not materialize. Nonetheless, buyer hesitation kept the VN-Index oscillating within a neutral consolidation channel around the 1,740 to 1,750 point band.

| Index | Closing Level on Oct 30, 2026 | Weekly Change (%) | Average Daily Volume (shares) | Average Daily Turnover (billion VND) |
| :--- | :--- | :--- | :--- | :--- |
| VN-Index | 1,741.62 | -1.83% | 645,000,000 | 14,700 |
| VN30-Index | 1,855.04 | -2.73% | 235,000,000 | 7,950 |
| HNX-Index | 252.74 | -1.48% | 42,700,000 | 850 |

*Source: Compiled according to official statistics from [Vietnam News Agency](https://bnews.vn/chung-khoan-thang-11-dong-tien-con-than-trong-thi-truong-cho-dong-luc-moi/442663.html) on November 1, 2026 and exchange market records.*

The data compiled above reflects synchronized adjustments across both trading bourses as October 2026 drew to a close.

## Declining Liquidity on HOSE and HNX

A defining characteristic of the Vietnamese market during this juncture has been marked contraction in trading liquidity. Readers can consult the report on how [liquidity on HOSE and HNX declined](/en/blog/liquidity-on-hose-and-hnx-declines-in-late-october) for an in-depth sectoral breakdown. According to [Vietnam News Agency](https://bnews.vn/chung-khoan-thang-11-dong-tien-con-than-trong-thi-truong-cho-dong-luc-moi/442663.html) on November 1, 2026, average daily matched volume on HOSE during October 26–30, 2026 reached just over 645 million shares per session, falling by 9.38% from the prior week. Average daily trading value hovered near 14,700 billion VND, down 9.9% according to calculations by Saigon - Hanoi Securities.

A parallel retreat in participation unfolded on the Hanoi bourse according to figures published by [Vietnam News Agency](https://bnews.vn/chung-khoan-thang-11-dong-tien-con-than-trong-thi-truong-cho-dong-luc-moi/442663.html) on November 1, 2026, where average daily trading volume settled at 42.7 million shares, marking a 29.9% contraction from the preceding week. Across the entire month of October 2026, average daily turnover on HOSE stood at approximately 15,644 billion VND per session according to consolidated exchange data.

Analysis from market strategists in [Securities Investment Magazine](https://www.tinnhanhchungkhoan.vn/goc-nhin-ky-thuat-phien-giao-dich-chung-khoan-ngay-211-goi-mo-kha-nang-xuat-hien-nhip-hoi-phuc-post400578.html) on November 1, 2026 highlighted that compressed liquidity near support levels carries two interpretations. On the supply side, shareholders refrained from dumping assets at deep discounts following prior pullbacks. On the demand side, potential buyers preserved defensive stances, predominantly queuing limit orders at conservative valuations rather than chasing bid prices upward.

Diminished transaction velocity also aligned with seasonal patterns as the corporate financial reporting window for Q3 2026 approached completion. Institutional capital typically adopts a portfolio review approach, reappraising fundamental growth drivers before committing allocations for the final business quarter.

## Persistent Foreign Net Selling

According to market statistics reported by [Vietnam News Agency](https://bnews.vn/chung-khoan-thang-11-dong-tien-con-than-trong-thi-truong-cho-dong-luc-moi/442663.html) on November 1, 2026, foreign institutions registered net sales of approximately 2,692 billion VND across the entire market during the October 26–30, 2026 week. Sustained net selling remained a prominent headwind, continuing the dynamics examined in [foreign investors net sold 2,700 billion VND](/en/blog/foreign-investors-net-sell-2700-billion-vnd-late-october) during the closing week of October.

According to data reported by [Tien Phong News](https://tienphong.vn/chung-khoan-thang-11-tien-dung-ngoai-thi-truong-cho-dieu-gi-post1890515.tpo) on November 1, 2026, aggregate foreign net selling throughout October 2026 exceeded 20,000 billion VND, representing the heaviest monthly capital withdrawal within the past twelve months. From January through October 2026, cumulative foreign net sales approached 120,000 billion VND on the domestic equity exchange.

According to granular data reported by [Vietnam News Agency](https://bnews.vn/chung-khoan-thang-11-dong-tien-con-than-trong-thi-truong-cho-dong-luc-moi/442663.html) on November 1, 2026, individual equities facing the most pronounced foreign net selling during the final week of October 2026 were blue-chip leaders: FPT experienced net outflows of 782 billion VND, VPL witnessed net sales of 353 billion VND, VIC absorbed 287 billion VND in net selling, GMD recorded 212 billion VND, SSI saw 148 billion VND, and BID experienced 125 billion VND in net divestment. Banking tickers such as MSB, STB, and LPB each registered net sales exceeding 100 billion VND. Conversely, selective net purchasing appeared in tickers including MSN at 172.66 billion VND, VCB at 123.25 billion VND, and TCB at 97.73 billion VND.

Việt Nam market liquidity had to absorb substantial foreign selling volume throughout the month. Continuous foreign divestment created persistent supply pressure on large-cap constituents within the VN30 basket. This dynamic diluted index rebound potential and necessitated that domestic liquidity absorb significant supply, consequently capping short-term market expansion.

## Market Sentiment and Earnings Support

Despite headwinds from index corrections and overseas capital outflows, fundamental earnings growth among publicly listed enterprises in Q3 2026 provided solid underlying support. A comprehensive survey by Fiingroup cited by [Tien Phong News](https://tienphong.vn/chung-khoan-thang-11-tien-dung-ngoai-thi-truong-cho-dieu-gi-post1890515.tpo) on November 1, 2026 showed that as of October 30, 2026, 797 out of 1,518 enterprises representing 77% of total market capitalization had reported third-quarter operational results. Aggregate after-tax profit expanded by over 35% year-on-year.

Profit expansion was led by the non-financial sector according to figures published by [Tien Phong News](https://tienphong.vn/chung-khoan-thang-11-tien-dung-ngoai-thi-truong-cho-dieu-gi-post1890515.tpo) on November 1, 2026, where net earnings surged by 65% compared to the third quarter of 2025. Within this group, the real estate industry saw 69 out of 127 reporting enterprises deliver a collective net profit increase of 237.3%, bolstered by robust delivery gains at Vinhomes with Q3 earnings surpassing 23,000 billion VND, up 419%. The commercial banking sector exhibited stability as 20 out of 28 lenders recorded combined net profit growth of 14.1% year-on-year.

Corporate profitability expansion lowered prevailing market multiples toward attractive territories. According to Fiingroup data in Tien Phong News on November 1, 2026, the price-to-earnings ratio for the VN-Index settled around 11.2 times; excluding the Vingroup cluster, market valuation ranged between 10.0 and 10.3 times. These multiples sit below the five-year historical valuation average for the Vietnamese equity market.

The aggregate price-to-earnings metric evaluates total equity capitalization against aggregate trailing earnings:

$$\text{Market PE Ratio} = \frac{\text{Total Market Capitalization}}{\text{Total Trailing Twelve Month Net Profit}}$$

Valuations resetting toward conservative multiples establish structural foundations for medium-term market equilibrium. As highlighted at the Vietnam Capital Market Forum on the [Government Electronic Newspaper](https://baochinhphu.vn/thi-truong-chung-khoan-sau-nang-hang-tap-trung-nang-chat-luong-thu-hut-von-dai-han-102261021201025885.htm) on October 21, 2026, regulatory authorities continue advancing market infrastructure reforms and refining oversight mechanisms to accommodate long-term institutional commitments.

Depository operations and securities settlement safety guidelines are supervised under the [VSDC Depository Operational System](https://vsdc.vn/vi/sd/XAz40d2Q-9j569TvBgLQaQ) dated May 15, 2026, ensuring continuous market integrity. Concurrently, operational index calculation guidelines are administered by the Ho Chi Minh City Stock Exchange under the [VN-Index Ground Rules](https://stream.vnx.vn/VNX//Article/2026100813094820920260929_QD737_SGDHCM_QTCS-VNINDEX.pdf) dated September 29, 2026, ensuring calculation integrity across listed asset baskets. As the market progresses into November 2026, trading activity tests support zones between 1,730 and 1,740 points while awaiting fresh proactive participation.

## Sources

- Vietnam News Agency Editorial Desk: [November Stock Market: Cautious Liquidity, Market Awaits New Catalysts](https://bnews.vn/chung-khoan-thang-11-dong-tien-con-than-trong-thi-truong-cho-dong-luc-moi/442663.html) (01/11/2026)
- Tien Phong Editorial Desk: [November Stock Market: Capital Stays on the Sidelines Awaiting Catalysts](https://tienphong.vn/chung-khoan-thang-11-tien-dung-ngoai-thi-truong-cho-dieu-gi-post1890515.tpo) (01/11/2026)
- Securities Investment Editorial Desk: [Market Commentary for November 2 Session: Supply Pressure and Cushioning Demand](https://www.tinnhanhchungkhoan.vn/nhan-dinh-thi-truong-phien-giao-dich-ngay-211-khong-nen-ban-thao-post400579.html) (01/11/2026)
- Securities Investment Editorial Desk: [Technical Perspective for November 2 Session: Rebound Potential Emerging](https://www.tinnhanhchungkhoan.vn/goc-nhin-ky-thuat-phien-giao-dich-chung-khoan-ngay-211-goi-mo-kha-nang-xuat-hien-nhip-hoi-phuc-post400578.html) (01/11/2026)
- Government Electronic Newspaper: [Stock Market After Upgrade: Focusing on Quality and Long-Term Capital Attraction](https://baochinhphu.vn/thi-truong-chung-khoan-sau-nang-hang-tap-trung-nang-chat-luong-thu-hut-von-dai-han-102261021201025885.htm) (21/10/2026)
- Ho Chi Minh City Stock Exchange: [VN-Index Ground Rules](https://stream.vnx.vn/VNX//Article/2026100813094820920260929_QD737_SGDHCM_QTCS-VNINDEX.pdf) (29/09/2026)
- Vietnam Securities Depository and Clearing Corporation: [Operational Regulations for Securities Registration and Depository Systems](https://vsdc.vn/vi/sd/XAz40d2Q-9j569TvBgLQaQ) (15/05/2026)

## Frequently asked questions

### What was the closing level of the VN-Index at the end of October 2026?

On October 30, 2026, the VN-Index settled at 1,741.62 points, down 32.53 points or 1.83% compared to the close of the preceding week.

### How did trading liquidity change as the Vietnam stock market entered November 2026?

Average daily trading volume on the Ho Chi Minh City Stock Exchange fell by 9.38% during October 26–30, 2026 to over 645 million shares per session, with daily turnover averaging approximately 14,700 billion VND.

### What was the scale of foreign net selling in October 2026?

Foreign investors withdrew over 20,000 billion VND on a net basis from the Vietnamese stock market in October 2026, raising cumulative net sales since the beginning of 2026 to nearly 120,000 billion VND.

---

_Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._

_Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._