Foreign Investors Net Buy VND 358B on Aug 28; FPT, TCB, VPB Lead

Overview

Foreign investors net bought approximately VND 358 billion (~USD 14.3 million) of Vietnamese equities on August 28, with FPT, TCB, and VPB leading the buying on HOSE. The net inflow helped VN-Index edge up 0.5 points to 1,832 despite cautious sentiment ahead of the holiday. VIC saw the largest net selling, at VND 160 billion.

Key Facts

• Foreign investors net bought VND 358 billion (~USD 14.3 million) across the market on August 28.
• On HOSE, foreign net buying reached VND 335 billion; FPT led with VND 241 billion, followed by TCB (VND 213 billion) and VPB (VND 112 billion).
• VIC was the most sold by foreign investors, with net selling of VND 160 billion; VIX and MSB followed with net selling of VND 69 billion and VND 56 billion, respectively.
• On HNX, foreign investors net bought VND 4 billion, led by PVS (VND 23 billion) and IDC (VND 6.6 billion); HUT saw the largest net selling at VND 15 billion.
• On UPCOM, foreign net buying was VND 19 billion, with MSR leading at VND 14 billion; ABB saw net selling.
• VN-Index closed at 1,832 points, up 0.5 points, with total HOSE trading value exceeding VND 17,000 billion.

What Happened

According to market data reported on August 28, foreign investors turned net buyers, accumulating approximately VND 358 billion in Vietnamese stocks. On HOSE, the main exchange, net buying reached VND 335 billion, with FPT Corporation (HOSE: FPT) attracting the largest inflow of VND 241 billion. Techcombank (HOSE: TCB) and VPBank (HOSE: VPB) followed with net purchases of VND 213 billion and VND 112 billion, respectively.

On the selling side, Vingroup (HOSE: VIC) experienced the heaviest net selling, with foreign investors offloading VND 160 billion worth of shares. Other notable net sales included VIX Securities (VIX) and MSB (MSB), with net selling of VND 69 billion and VND 56 billion. On HNX, foreign investors net bought VND 4 billion, led by PVS (VND 23 billion) and IDC (VND 6.6 billion), while HUT faced net selling of VND 15 billion. On UPCOM, net buying was VND 19 billion, with MSR leading at VND 14 billion.

Market Context

FPT closed at VND 73,200 on August 28, reflecting a modest gain amid the foreign inflow. TCB closed at VND 33,400, VPB at VND 27,800, and VIC at VND 236,000. The VN-Index’s slight rise to 1,832 points came despite pre-holiday caution, with total trading value on HOSE exceeding VND 17,000 billion. Foreign net buying of bluechips like FPT, TCB, and VPB signals continued interest in large-cap technology and banking names, while VIC’s net selling may reflect profit-taking or portfolio rebalancing.

Strategic Significance

For long-term investors, the persistent foreign buying in FPT underscores its position as a leading technology stock in Vietnam, with strong fundamentals and growth prospects. The inflows into TCB and VPB highlight the banking sector’s attractiveness, supported by improving credit growth and asset quality. Conversely, VIC’s net selling could indicate concerns about its real estate and conglomerate exposure, though it remains a major market cap. The overall foreign net buying trend, albeit modest, suggests that international investors remain constructive on Vietnamese equities, particularly in sectors with clear earnings visibility.

What to Watch

• Follow-up foreign flow data in the next sessions to see if net buying persists or reverses.
• FPT’s upcoming quarterly earnings and any updates on its technology and AI initiatives.
• TCB and VPB’s credit growth and asset quality metrics in the coming months.
• VIC’s price action and any news on its real estate projects or debt refinancing.
• Market-wide liquidity and VN-Index movement around the holiday period.