# VN-Index Falls Back Below 1,700 Points as Hoa Phat Steel Stock Attracts Foreign Capital

> Vietnam's VN-Index fell more than 11 points to 1,699, its fourth straight session of losses, and dropped back below the 1,700 level. Construction-materials stocks rose against the trend, with steel makers HPG, HSG and NKG gaining 3-4%, and foreign investors bought hundreds of billions of dong of Hoa Phat (HPG). Hoa Phat reported Q3 hot-rolled coil sales above 2 million tonnes, up 8% from the previous quarter and 64% year on year.

- Date: 2026-11-03 · published 2026-11-03T18:39:43.694Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/78312-vn-index-falls-back-below-1-700-points-as-hoa-phat-steel-stock-attracts-foreign
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

This is a domestic Vietnamese equity market report with no direct link to feed-grain or oilseed supply, demand or prices. Strong steel sales point to construction and industrial demand in Vietnam, which has little bearing on animal-feed commodity markets.

## Sources

- dantri.com.vn: https://dantri.com.vn/kinh-doanh/vn-index-lai-thung-1700-diem-co-phieu-vua-thep-hoa-phat-hut-von-ngoai-20261103155727680.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.