Ho Chi Minh City, February 22, 2026, 15:45 ICT — The session has wrapped up.
- Trading is scheduled to pick back up on Monday for both HoSE and HNX, following the Tet holiday.
- The VN-Index ended at 1,824.09 points. Liquidity remains below the average for the past 20 sessions.
- Brokers are eyeing a move above 1,830–1,850, but only if volume returns.
Vietnamese stocks are back in action Monday following the Lunar New Year holiday. On the Ho Chi Minh Stock Exchange, traders are eyeing the VN-Index to see if it can break past the 1,850 level and attract fresh money into the market.
HoSE and the Hanoi Stock Exchange closed from Feb. 16 to 20 for Tet, reopening for trading on Feb. 23 after a nine-day stretch off, weekends included. The VN-Index finished at 1,824.09 on Feb. 13, gaining 10 points that session, with market matched trades totaling 18.936 trillion dong—roughly 31% lower than the average over the past 20 sessions, according to Danviet.
The skimpy pre-holiday tape isn’t helping matters. Early sessions after the break often dictate the pace, and when liquidity is thin, price swings get amplified—whichever way things go.
The benchmark notched a 0.55% increase, marking a third consecutive advance in the last session before the break, according to Vietnam News. After briefly dipping near the 1,790-point level during the day, it bounced back. Foreign investors ended up as net buyers on HoSE, picking up over 196 billion dong. Energy and securities names led the way; Techcom Securities popped more than 3.9%.
The VN-Index is currently at 1,824, still under its 52-week peak of 1,918.46—a sign plenty of bullishness has already been baked in. Over the last year, the index’s low was 1,073.61, according to Investing.com.
Brokerage commentary over the weekend struck a cautiously optimistic tone, but noted positioning was heavy right up against resistance. VietCap Securities (VCSC) floated a possible move back toward the 1,920 high, with SSI and Thiên Việt Securities (TVS) pointing instead to targets in the 1,830–1,850 range. Several firms also highlighted 1,780–1,800 as an important support area.
Nguyen Anh Khoa, who leads analysis and research at Agriseco, points out the VN-Index has logged gains in nine out of the last 10 first weeks after Tet—he connects that to cash flowing back as the holiday winds down. On another note, Bui Van Huy, deputy director at FIDT, flagged the potential drag from higher deposit rates, saying they can keep a lid on valuations. Kafi analyst Nguyen Quoc Van, meanwhile, notes that investors this year are backed by a “profit buffer,” which he says could limit the typical wave of selling before the holiday. cafef
Technicians point to signs the market is stabilizing, not diving. Vietstock’s technical team notes the VN-Index sits above its 50-session simple moving average, a key reference for many traders. The MACD’s gap to its signal line has tightened, and the Stochastic oscillator is no longer “oversold”—potentially indicating that selling pressure has let up. Vietstock
The first week back often brings plenty of noise. Should liquidity stay thin and foreign buyers step back, the index might struggle to clear 1,850—opening the door for a retreat down to the 1,790–1,800 zone.
Banks and energy, both heavyweights in the index and closely tied to moves in rates and oil, could show their cards early. Lately, the Vingroup group and big tech stocks have been the ones steering much of the action.
When trading picks up again Monday, Feb. 23, markets should finally show a clearer picture. Whether the VN-Index can stay above 1,800 depends on broader participation—otherwise, it could just drop back into its pre-holiday range. Watch volume and foreign flows early; the closing number alone won’t tell the whole story.
