Foreign Investors Net Sell Over 1.1 Trillion VND on June 17, Eighth Consecutive Session

Overview

Foreign investors recorded a net selling session of over 1.1 trillion VND on June 17, marking the first thousand-billion net outflow of the month and extending the selling streak to eight consecutive sessions. Proprietary trading desks also net sold 182 billion VND, with HPG being the most sold stock. The selling pressure was broad-based, affecting major tickers such as FPT, VHM, TCB, HPG, ACB, and NVL.

Key Facts

• Foreign investors net sold over 1.1 trillion VND on June 17, the first thousand-billion net selling session in June 2026.
• This was the eighth consecutive session of net selling by foreign investors.
• Proprietary trading desks net sold 182 billion VND, the second consecutive session of net selling.
• HPG was the most sold stock by proprietary desks, with net selling of 97 billion VND.
• FPT was the most sold stock by foreign investors, with net selling of 283 billion VND.
• VHM and TCB followed with net selling of 236 billion VND and 191 billion VND, respectively.
• In contrast, FPT, ACB, and NVL were the most bought stocks by proprietary desks, with net buying between 21-27 billion VND each.

What Happened

According to exchange data for the June 17 session, foreign investors net sold over 1.1 trillion VND on the HOSE, marking the first session of net selling exceeding one trillion VND in June. This continued a trend of persistent foreign outflow, with the last net buying session occurring on June 5. Proprietary trading desks also remained net sellers for the second consecutive session, with total net selling of 182 billion VND.

Among individual stocks, FPT led the foreign selling list with net sales of 283 billion VND, followed by VHM (236 billion VND) and TCB (191 billion VND). On the proprietary desk side, HPG was the most sold stock, with net selling of 97 billion VND. However, proprietary desks showed selective buying, with FPT, ACB, and NVL being the top net bought stocks, each in the range of 21-27 billion VND.

Market Context

On June 17, FPT closed at 72,300 VND (-1.23%), HPG at 24,000 VND (-0.83%), TCB at 31,450 VND (-0.94%), and VHM at 135,000 VND (-1.10%). All four tickers declined, reflecting the broad selling pressure. The persistent foreign net selling, now eight sessions in a row, has weighed on market sentiment, particularly for large-cap stocks. The VN-Index has been under pressure, with foreign flows turning negative after a brief respite in early June.

Strategic Significance

The sustained foreign selling suggests a shift in global risk appetite or specific concerns about Vietnamese equities. The concentration of selling in FPT, VHM, and TCB indicates that foreign investors are reducing exposure to high-liquidity blue chips. For FPT, the largest net selling amount (283 billion VND) is notable given its status as a technology leader. The proprietary desk activity, while also net selling, shows some divergence with selective buying in FPT, ACB, and NVL, hinting at potential value opportunities perceived by domestic institutions.

What to Watch

• Whether foreign net selling continues into a ninth consecutive session, which would signal sustained outflow.
• Any official commentary or data from the State Securities Commission regarding foreign ownership limits or market access.
• The upcoming Q2 2026 earnings reports for FPT, VHM, TCB, and HPG, which could influence foreign sentiment.
• Changes in the USD/VND exchange rate and global interest rate expectations, as these often drive foreign portfolio flows.
• Proprietary desk activity in the coming sessions to see if the buying in FPT, ACB, and NVL persists.