Foreign Investors Net Sell VND 700B in FPT and ACB on VN-Index Record Close

Overview

On May 7, foreign investors net sold VND 311 billion on HOSE and VND 12 billion on UPCOM, while net buying VND 12 billion on HNX. The selling was concentrated in blue-chip stocks FPT (VND 373 billion) and ACB (VND 297 billion), totaling nearly VND 700 billion, on the day the VN-Index closed above 1,909 points for the first time in history.

Key Facts

• Foreign investors net sold VND 311 billion on HOSE and VND 12 billion on UPCOM on May 7.
• On HNX, foreign investors net bought VND 12 billion.
• FPT was the most sold stock, with net selling of VND 373 billion.
• ACB followed with net selling of VND 297 billion.
• Other stocks sold included KDH (VND 119 billion), BSR (VND 99 billion), and VCI (VND 74 billion).
• On the buying side, MSN led with net purchases of VND 376 billion, followed by GEX (VND 144 billion), VHM (VND 111 billion), and POW (VND 109 billion).
• VN-Index closed at a record high above 1,909 points, up nearly 18 points, with HOSE matching volume exceeding VND 25,900 billion.

What Happened

According to exchange data, foreign investors continued their net selling trend on May 7, with the heaviest pressure on FPT and ACB. On HOSE, net selling reached VND 311 billion, while on UPCOM it was VND 12 billion. On HNX, foreign investors were net buyers of VND 12 billion.

The selling in FPT and ACB alone accounted for VND 670 billion, representing the bulk of the net outflow. Other stocks sold included KDH, BSR, and VCI. On the buying side, MSN saw strong net purchases of VND 376 billion, followed by GEX, VHM, and POW.

Market Context

FPT closed at VND 75, down 1.31% on April 15, 2026 (the most recent trading session before the article). ACB closed at VND 24, down 0.62%. KDH closed at VND 27, up 1.34%, and BSR closed at VND 26, down 0.38%. The VN-Index’s record close above 1,909 points reflects broad market strength, but foreign selling in key blue chips suggests caution among international investors.

Strategic Significance

The concentrated selling in FPT and ACB highlights foreign investors’ profit-taking or rebalancing in two of Vietnam’s most liquid stocks. FPT, a leading technology firm, and ACB, a major private bank, have been favorites among foreign investors. The net selling may signal a short-term shift in sentiment, but the strong buying in MSN and other stocks indicates selective interest. The overall net outflow on HOSE remains manageable relative to total market turnover.

What to Watch

• Continued foreign flow data in the coming sessions to see if the selling trend persists.
• FPT’s upcoming quarterly earnings report and any corporate announcements that could affect foreign sentiment.
• ACB’s performance relative to other banking stocks, especially given the sector’s role in the VN-Index rally.
• The VN-Index’s ability to hold above the 1,900 level and whether foreign selling broadens to other sectors.
• Any regulatory changes or macroeconomic data that could influence foreign investment flows into Vietnam.