Vietnam Foreign Net Buying Hits USD 105.6M as FTSE Russell Starts Buying FPT, HDB, BSR

Overview

Foreign investors net bought more than VND 2,639 billion (approximately USD 105.6 million) on Vietnam’s stock market last week, according to broker statistics cited by Yuanta Vietnam. The inflows were driven mainly by restructuring activity at two foreign ETFs and by FTSE Russell’s Global Equity Index Series beginning to buy Vietnamese stocks. FPT Corp (HOSE: FPT) topped the net-buy list, followed by HDB and BSR, while VIC, VHM and VIX led net selling.

Key Facts

• Foreign net buying on the Vietnamese market reached VND 2,639 billion, equivalent to roughly USD 105.6 million, for the week.
• FPT led net buying at VND 571 billion, followed by HDB at VND 462 billion and BSR at VND 423 billion.
• VIC led net selling at VND 1,073 billion, followed by VHM at VND 709 billion and VIX at VND 198 billion.
• ETFs with Vietnam exposure recorded a second consecutive week of net inflows, exceeding USD 65 million.
• The Kim Kindex VN30 ETF, listed in South Korea, alone attracted more than USD 73 million in its second straight week of strong net inflows.
• Other Vietnam-focused funds saw outflows: DB FTSE (USD 2.4 million), E1VFVN30 (USD 2.2 million) and FUKIVFS (USD 1.7 million).
• Across Asia, South Korea recorded USD 6.5 billion in equity outflows, versus India at USD 715 million and Taiwan at USD 196 million; Vietnam was a net recipient of more than USD 100 million.

What Happened

Yuanta Vietnam’s weekly fund-flow report attributes the bulk of last week’s foreign buying to two forces: portfolio restructuring by foreign ETFs and the start of purchases by the FTSE Russell Global Equity Index Series, which has begun adding Vietnamese stocks. The report does not specify the size of the FTSE Russell allocation or the full list of names being bought under that programme.

The buying was concentrated rather than broad. FPT, HDB and BSR absorbed the largest net inflows, while VIC, VHM and VIX were the heaviest net-sold names. At the fund level, the Korea-listed Kim Kindex VN30 ETF was the dominant contributor, pulling in more than USD 73 million in its second consecutive week of strong inflows, even as several other Vietnam-focused vehicles, including DB FTSE, E1VFVN30 and FUKIVFS, recorded redemptions. Regionally, the report notes that foreign capital continued to exit Asian equities, concentrated in South Korea, while Vietnam stood out as a net recipient.

Market Context

FPT trades on the Ho Chi Minh Stock Exchange (HOSE) and closed at 66,000 VND on 23 September 2026, down 0.45% on volume of 2,855,300 shares, according to the price context provided. HDB, also HOSE-listed, closed at 27,550 VND on 22 September, while BSR closed at 31,350 VND on the same date. On the selling side, VIC closed at 238,000 VND on 23 September, down 2.42% on volume of 1,878,700 shares. The divergence between the net-buy and net-sell lists spans technology, banking, energy, real estate and securities, consistent with index-driven rebalancing rather than a single-sector thematic trade.

Strategic Significance

For long-term investors, the composition of the flow matters more than the headline number. FPT’s position at the top of the net-buy list, alongside HDB and BSR, suggests that index-tracking capital is being allocated toward large, liquid names that fit FTSE Russell’s eligibility criteria, a pattern that tends to persist as long as the index transition is underway. The simultaneous selling in VIC, VHM and VIX indicates that the same rebalancing process is forcing reductions elsewhere, so the net figure understates gross activity. The concentration of inflows in a single Korea-listed ETF also means the flow is sensitive to that fund’s own subscription and redemption cycle, not just to Vietnamese fundamentals.

What to Watch

• Further Yuanta or market-participant disclosures quantifying the FTSE Russell Global Equity Index Series allocation to Vietnamese stocks.
• Weekly foreign net flow data to confirm whether FPT, HDB and BSR inflows persist beyond the initial rebalancing window.
• Subscription and redemption data for the Korea-listed Kim Kindex VN30 ETF, given its outsized contribution to the weekly total.
• Continued outflows from DB FTSE, E1VFVN30 and FUKIVFS, which would indicate domestic and other foreign ETF demand is not keeping pace.
• The next quarterly review or rebalance announcement from FTSE Russell covering Vietnam’s index classification.