VN-Index Falls Below 1800 Points as Large-Cap Selling Accelerates

Key pointsOn September 11, 2026, the VN-Index at the Ho Chi Minh Stock Exchange closed below 1,800 points at 1,795.21. Selling pressure, particularly on VN30 constituents, intensified, with afternoon trading volume increasing by 63% compared to the morning. A sense of caution spread across the market, particularly affecting large-cap stocks. The strength of the selling pressure suggests trends among institutional investors.
Business impactFor Japanese companies, short-term fluctuations in the stock market have minimal direct impact, but they may indirectly affect fundraising costs and the stock prices of local partner companies. When considering investments, it is essential to take into account not only short-term index movements but also changes in corporate performance and industry structure.

Key pointsHo Chi Minh City's An Phu Intersection will be raised by 1 meter in response to flooding issues caused by heavy rain on September 10. Authorities have decided to implement both short-term and long-term measures, with the project expected to be completed by the third quarter of 2027.
Business impactImprovements in transportation infrastructure will directly impact logistics and business operations, prompting Japanese companies to monitor the project's progress and prepare for potential business impacts.

Key pointsVietnam's Vietjet and CFM International signed a Memorandum of Understanding (MoU) during a visit to France to assess and develop maintenance capabilities for CFM LEAP engines. This collaboration aims to evaluate Vietjet's maintenance needs, technical capabilities, infrastructure, equipment, and personnel, contributing to future maintenance solutions. Vietjet is expanding its fleet of next-generation aircraft, which is expected to enhance Vietnam's aviation industry status. CFM's President Gaël Méheust emphasized Vietnam's growth in the aviation market.
Business impactThis MoU directly enhances Vietjet's aircraft maintenance capabilities, aiming for greater efficiency in future aircraft operations. Japanese companies should focus on aviation-related technologies and talent development to explore business opportunities in the Vietnamese market.

Key pointsVietnam is expected to be upgraded to the FTSE Secondary Emerging Market between September 2026 and September 2027. This upgrade is anticipated to attract passive capital inflows, but companies need to gain preference from actively managed emerging market funds to secure long-term funding. Market participants emphasize the importance of corporate governance and the quality of information disclosure.
Business impactFor Japanese companies, the FTSE upgrade signifies an improved fundraising environment, potentially increasing investment momentum around industrial parks in the northern region. Companies need to focus on enhancing information disclosure and governance.

Key pointsFWD Vietnam's insurance business revenue reached 21 trillion VND in the first half of 2026, a 4% decrease compared to the same period last year, but net profit soared to 458 billion VND, approximately five times that of the previous year. The main factor is the reduction in sales expenses.
Business impactThe increase in FWD's profits indicates intensified competition in the insurance market for Japanese companies, highlighting the growing importance of cost management and efficiency.