Foreign Investors Net Sell VND 108B on April 22, Buy FUEVFVND Fund Certificate VND 282B

Overview

On April 22, foreign investors continued their net selling trend on the Vietnamese stock market, offloading a net VND 108 billion across all exchanges. However, they made a notable VND 282 billion net purchase of the FUEVFVND ETF fund certificate, while FPT faced the heaviest selling pressure at VND 209 billion. The VN-Index gained nearly 24 points to close at 1,857, though market breadth remained negative.

Key Facts

• Foreign investors net sold VND 108 billion across the entire market on April 22.
• On HoSE, foreign net selling amounted to nearly VND 99 billion.
• The largest net buy was FUEVFVND fund certificate at VND 282 billion.
• Other top net buys on HoSE: MWG (VND 199 billion), VIC (VND 162 billion), MSN (VND 65 billion), DGC (VND 40 billion).
• The largest net sell on HoSE was FPT at VND 209 billion, followed by VHM (VND 89 billion), MSB (VND 74 billion), HPG (VND 62 billion), SSI (VND 60 billion).
• On HNX, foreign net selling was VND 4 billion, with IDC the top net buy (VND 20 billion) and PVS the top net sell (VND 12 billion).
• On UPCOM, foreign net selling was VND 5 billion, with ACV the top net sell (VND 9 billion).

What Happened

According to exchange data, foreign investors maintained their net selling stance on April 22, with total net sales of VND 108 billion across HoSE, HNX, and UPCOM. The selling pressure was concentrated on HoSE, where net sales reached nearly VND 99 billion. Notably, the foreign bloc bought heavily into the FUEVFVND exchange-traded fund certificate, net purchasing VND 282 billion, the largest single-stock/ETF inflow of the session. Other significant net purchases included MWG (VND 199 billion) and VIC (VND 162 billion).

On the sell side, FPT led with net sales of VND 209 billion, followed by VHM (VND 89 billion), MSB (VND 74 billion), HPG (VND 62 billion), and SSI (VND 60 billion). On HNX, foreign investors net sold VND 4 billion, with IDC being the top net buy (VND 20 billion) and PVS the top net sell (VND 12 billion). On UPCOM, net selling was VND 5 billion, with ACV the most sold (VND 9 billion).

Market Context

On April 22, the VN-Index rose nearly 24 points to 1,857, but market breadth remained negative, with more decliners than advancers. Trading liquidity on HoSE was low at about VND 17,500 billion in matched orders. The foreign net selling of VND 108 billion continues a recent trend of foreign outflows, though the strong buying in FUEVFVND suggests some foreign demand for broad market exposure via ETFs. Among the heavily traded stocks, VIC (HOSE) surged 6.95% on April 15, while MWG (HOSE) fell 1.10% and MSN (HOSE) declined 0.64% on the same date.

Strategic Significance

The persistent foreign net selling, despite the VN-Index’s gain, indicates that foreign investors remain cautious, possibly due to global rate expectations or domestic valuation concerns. The large inflow into FUEVFVND, a VNDiamond ETF tracking the VNDiamond index, suggests that foreign capital is rotating into passive, quality-focused exposure rather than individual stocks. The concentrated selling in FPT, a high-growth technology stock, may reflect profit-taking or sector rotation. The buying in MWG and VIC signals selective interest in retail and real estate conglomerates.

What to Watch

• Upcoming foreign trading data for the remainder of the week to see if net selling persists.
• FPT’s Q1 2026 earnings release for any fundamental changes driving the sell-off.
• VIC’s upcoming shareholder meeting and any updates on its India expansion MOU.
• FUEVFVND’s net asset value and fund flows to gauge continued ETF demand.
• VN-Index movement and liquidity levels to confirm if the April 22 rally is sustainable.