Vietnam's VN-Index Forecasted to Surpass 2,000 Points by End of 2026

Vietnam's stock market is projected to see significant movement in the coming months, with analysts forecasting that the VN-Index could reach as high as 2,064 points by the end of 2026. This prediction comes in light of improving economic conditions and corporate profitability, although investor sentiment remains cautious, according to various market experts.

Đinh Quang Hinh, Head of Market Strategy at VNDIRECT Securities, noted that despite a more favorable macroeconomic environment, the stock market has yet to fully reflect the potential reversal of interest rates. "The greatest support for the market is the solid performance of leading enterprises, while capital cost pressures are expected to ease in the short term," Hinh stated. He emphasized the need for foreign investors to regain confidence, which is contingent upon global risks subsiding and Vietnam demonstrating sustainable growth quality.

“The greatest support for the market is the solid performance of leading enterprises.”Đinh Quang Hinh, Head of Market Strategy, VNDIRECT Securities

In contrast, Nguyễn Thế Minh, Director of Investment Banking at An Bình Securities, expressed a more cautious outlook. He highlighted that while there are supportive factors like economic growth and profit prospects, the market has shown significant polarization. "The actual growth potential of companies is becoming a crucial factor determining the direction of capital flows," Minh said. This sentiment reflects a broader trend observed in the market, where opportunities for investment are increasingly selective.

The VN-Index experienced fluctuations recently, closing at 1,734.93 points on November 13, 2026, marking a slight recovery after weeks of declines. The index had previously dropped close to the 1,700-point mark, but a resurgence in demand helped push it back up. Analysts noted that the market's liquidity remains low, with high margin debt levels and ongoing geopolitical risks posing challenges to investor confidence.

Despite these challenges, macroeconomic indicators are showing positive signs. Vietnam's GDP growth in the third quarter of 2026 was reported at 9.95% year-on-year, contributing to a year-to-date growth of 9.01%. Additionally, corporate profits for the fourth quarter are expected to rise by approximately 24% compared to the same period last year. This growth is anticipated to be driven by non-financial sectors and insurance, while the banking sector maintains steady growth.

“The actual growth potential of companies is becoming a crucial factor determining the direction of capital flows.”Nguyễn Thế Minh, Director of Investment Banking, An Bình Securities

Analysts from Rồng Việt Securities predict that the VN-Index will fluctuate between 1,759 and 2,064 points over the next three months, based on an estimated earnings per share (EPS) of 152 VND (approximately $0.006) and a target price-to-earnings (P/E) ratio of 11.5 to 13.5. However, they caution that this scenario is not a guaranteed outcome but rather a reference for medium-term prospects.

As the market navigates these dynamics, the Vietnamese government remains committed to fostering growth through structural reforms and enhancing the role of the capital market. The State Securities Commission has outlined key strategies aimed at increasing market liquidity and attracting foreign investment, which are essential for sustaining the market's upward trajectory.