Vietnam’s financial market is entering a period of volatility, marked by contrasting developments. After a prolonged period of bullishness, the stock market has resumed a downward trend, while gold and foreign currencies continue to reach new highs. This picture reflects unpredictable pressures on the market from both domestic and international factors. Stock market plunge Following a strong surge in early September 2025, the VN-Index recorded two consecutive steep declines, losing more than 4.2%. The correction stemmed from profit-taking pressure after a more than 30% rise in the first eight months of 2025, while the index also skirted the critical psychological threshold of around 1,700 points. Notably, foreign investors continued strong net selling: in just the first four sessions of September 2025, their net sales exceeded VND4 trillion, bringing the cumulative net outflow since the beginning of the year to over VND77 trillion. This is higher than the same period last year and could make 2025 a record year for foreign investor net selling. The downward trend has been reinforced by external uncertainties and unpredictable risks to Vietnam’s macroeconomic factors. Many economies worldwide face political instability, the lingering effects of Covid-19, and are further compounded by geopolitical conflicts and volatile trade […]