Foreign Investors Net Buy Over 1 Trillion VND on Aug 3, FPT and HPG Lead

Overview

Foreign investors turned net buyers on August 3, purchasing over 1,032 billion VND on HOSE, the strongest net buying session in recent weeks after a period of sustained outflows. FPT and HPG were the top picks, attracting 524 billion VND and 283 billion VND respectively. Proprietary trading desks at securities firms also net bought 541 billion VND, reinforcing the positive sentiment.

Key Facts

• Foreign investors net bought 1,032 billion VND on August 3, reversing a recent selling streak.
• FPT was the top foreign buy, with net purchases of 524 billion VND.
• HPG followed with 283 billion VND, and VCB saw 136 billion VND in net foreign buying.
• MBB attracted 89 billion VND from foreign investors.
• NLG led foreign selling with 114 billion VND, followed by STB (72 billion VND) and TCB (71 billion VND).
• Proprietary trading desks net bought 541 billion VND on HOSE, with MBB (105 billion VND), HPG (65 billion VND), and TCB (50 billion VND) leading.
• BID was the top proprietary sell, with net selling of 10 billion VND.

What Happened

On August 3, foreign investors reversed their recent trend of net selling and became net buyers on the Ho Chi Minh Stock Exchange (HOSE), with total net purchases exceeding 1,032 billion VND. This marked the highest net buying session in recent weeks, according to data from the exchange. The buying was concentrated in large-cap stocks, with FPT Corporation (FPT) receiving the largest inflow of 524 billion VND, followed by Hoa Phat Group (HPG) with 283 billion VND. Other notable foreign buys included Vietcombank (VCB) at 136 billion VND and Military Bank (MBB) at 89 billion VND.

On the selling side, foreign investors offloaded Nam Long Group (NLG) with net sales of 114 billion VND, Sacombank (STB) at 72 billion VND, and Techcombank (TCB) at 71 billion VND. The data comes from HOSE’s trading statistics for the session.

Separately, proprietary trading desks at securities companies also extended their net buying streak, with net purchases of 541 billion VND on HOSE, up sharply from the previous session. MBB led proprietary buying with 105 billion VND, followed by HPG (65 billion VND) and TCB (50 billion VND).

Market Context

FPT closed at 71,700 VND on August 3, while HPG closed at 22,550 VND, MBB at 24,000 VND, and VCB at 60,800 VND. The strong foreign inflows into FPT and HPG come after a period of foreign net selling across the Vietnamese market, which had weighed on sentiment. The VN-Index has been volatile in recent weeks, but the return of foreign buying, particularly in large-cap technology and steel names, may signal a shift in investor confidence. FPT, listed on HOSE, is a leading technology conglomerate, while HPG is Vietnam’s largest steel producer.

Strategic Significance

The renewed foreign buying in FPT and HPG highlights the attractiveness of Vietnam’s technology and industrial sectors to international investors. FPT’s strong fundamentals, including its growing global IT services business, make it a key pick for foreign funds seeking exposure to Vietnam’s digital economy. HPG, as a bellwether for the steel sector, benefits from infrastructure spending and construction demand. The coordinated buying by both foreign investors and proprietary desks suggests a positive outlook for these large caps, which could support the broader market. For long-term investors, the trend indicates that foreign capital remains interested in high-quality Vietnamese companies despite recent outflows.

What to Watch

• Whether foreign net buying continues in the coming sessions, particularly in FPT and HPG.
• Q2 earnings reports from FPT and HPG, which could confirm the fundamental drivers behind the inflows.
• Any changes in foreign ownership limits or regulatory policies affecting foreign investment.
• The performance of the VN-Index and market liquidity as foreign flows shift.
• Updates on steel prices and technology sector growth that could impact HPG and FPT’s outlook.