Foreign Net Selling Reaches VND 1,115B on May 6; FPT Leads Sell-Off

Overview

On May 6, 2026, foreign investors net sold VND 1,115 billion on the Vietnamese stock market, with technology stocks such as FPT leading the sell-off. Despite the foreign outflow, the VN-Index rose 16.35 points to 1,891.20, driven by positive news on FTSE Russell’s market upgrade progress. The selling was concentrated in the IT sector, while banking and securities stocks attracted buying interest.

Key Facts

• Foreign investors net sold VND 1,115 billion on May 6, 2026, with matched-order net selling of VND 1,039.4 billion.
• VN-Index closed at 1,891.20, up 16.35 points, on FTSE Russell upgrade news.
• Total market liquidity reached VND 25,500 billion, up slightly from the previous session.
• Top net-sold stocks by foreign investors: FPT, ACB, HPG, VIC, KDH, VCB, VPB, KBC, VHM.
• Foreign net buying was concentrated in utilities (POW), consumer goods (MSN, MWG), and materials (DGC, GEX).
• Domestic individual investors net bought VND 517.8 billion, with matched-order net buying of VND 758.3 billion.
• Proprietary trading desks net bought VND 262.3 billion.

What Happened

According to the article by Thu Minh on May 6, 2026, foreign investors continued their net selling streak, offloading VND 1,115 billion worth of shares. The selling was most intense in the information technology sector, with FPT being the most sold stock. Other heavily sold names included ACB, HPG, VIC, KDH, VCB, VPB, KBC, and VHM.

Meanwhile, the VN-Index posted a strong gain of 16.35 points, closing at 1,891.20, as the market reacted to the latest update on FTSE Russell’s market upgrade process. The upgrade news provided a timely boost, broadening the rally beyond a few blue chips. Banking and securities stocks surged, with HCM and VIX hitting the daily limit, while consumer stocks like MSN, MWG, and VNM also advanced. In contrast, oil & gas, energy, and technology stocks faced profit-taking after a recent rally.

Market Context

FPT (HOSE) closed at VND 75 on April 15, 2026, down 1.31% with volume of 9.5 million shares. The stock has been under foreign selling pressure in recent sessions, consistent with the broader trend of foreign net outflows from Vietnamese equities. The VN-Index’s rise on May 6, however, suggests that domestic investors are absorbing foreign supply, particularly in banking and securities stocks. The FTSE Russell upgrade narrative is a key catalyst for market sentiment, but foreign selling remains a headwind for technology and other high-beta names.

Strategic Significance

The persistent foreign net selling, especially in FPT, highlights ongoing concerns about valuation and global risk appetite for Vietnamese technology stocks. FPT, as a leading IT services and software company, is sensitive to foreign portfolio flows. The divergence between foreign selling and domestic buying underscores a shift in market leadership away from technology toward financials and consumer stocks. For long-term investors, the key question is whether foreign selling is tactical profit-taking or a structural reallocation. The FTSE Russell upgrade could eventually attract more foreign passive inflows, but near-term pressure may persist.

What to Watch

• Foreign net selling volumes in FPT and other IT stocks over the next few sessions.
• FTSE Russell’s official announcement on Vietnam’s market upgrade timeline.
• Q1 2026 earnings reports for FPT and other heavily sold stocks.
• VN-Index’s ability to hold above the 1,890 level and break the previous peak.
• Any regulatory changes affecting foreign ownership limits or market access.