Foreign Net Sell Nearly VND 900B: VIC, VHM Lead Sell-Off, Banks Bought
This Aveluro analysis covers HPG (Tập đoàn Hoà Phát) in the Metals sector. The classified event type is foreign flow, with negative sentiment and a deterministic market-impact score of 3.5/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from VnEconomy - Chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Follow this event and trade Vietnam stocks
Use the broker guide to compare Vietnam market access before acting on this news.
Aveluro may earn a commission from broker partners. Market data and broker availability can change; confirm access before opening an account.
Overview
On May 26, 2026, foreign investors net sold VND 895.5 billion on the Vietnamese stock market, with real estate giants VIC (Vingroup) and VHM (Vinhomes) accounting for a significant portion of the sell-off. In contrast, banking and technology stocks attracted net buying, reflecting a rotation into sectors with stronger fundamentals. The VN-Index closed nearly flat at 1,884.28 points, but the heavy selling in VIC and VHM masked broader market strength.
Key Facts
- Foreign investors net sold VND 895.5 billion on May 26, 2026, with matched-order net selling of VND 381.7 billion.
- VIC closed at VND 213,000 (-2.65%) and VHM at VND 153,800 (-3.09%), together shaving nearly 14 points off the VN-Index.
- Top net-sold stocks by matched orders included HPG, VIC, VHM, BSR, STB, SHB, VCI, and HCM.
- Top net-bought stocks by matched orders included PDR, ACB, SSI, VCB, FPT, DXG, MBB, MSB, VPB, and BID.
- Banking stocks rose broadly: ACB +5.31%, MBB and VPB +2%+, VCB, BID, CTG, TCB +1%+.
- Securities stocks also gained: SSI, VND, VCI all rose over 2%.
- Matched-order liquidity across three exchanges was around VND 21 trillion, similar to the previous session.
What Happened
According to the article by Thu Minh, foreign investors were net sellers of VND 895.5 billion on May 26, with matched-order net selling of VND 381.7 billion. The selling pressure was concentrated in real estate stocks, particularly VIC and VHM, which declined sharply after a recent rally. Despite the VN-Index falling less than 2 points, VIC and VHM alone contributed nearly 14 points of decline, underscoring their heavy weighting.
Meanwhile, domestic individual investors were net buyers of VND 594.4 billion overall but net sellers of VND 736 billion on matched orders. Proprietary trading desks (tự doanh) net bought VND 115 billion on matched orders. The market breadth improved, with 189 gainers versus 116 decliners, indicating a rotation into stocks with better fundamentals.
Market Context
HPG (HOSE) closed at VND 24,250 (+0.62%) on volume of 20.7 million shares, while VIC and VHM saw significant declines. The VN-Index is hovering near 1,900 points, but liquidity remains moderate at around VND 21 trillion. The foreign selling in real estate contrasts with net buying in banking and technology, suggesting a shift toward sectors with stronger earnings visibility. The broader market’s resilience, despite the sell-off in heavyweights, points to underlying support from domestic investors.
Strategic Significance
The foreign net selling in VIC and VHM may reflect profit-taking after their recent strong performance, but it also highlights ongoing concerns about the real estate sector’s recovery pace. The rotation into banking and technology stocks suggests foreign investors are favoring sectors with more predictable earnings growth and lower regulatory risk. For HPG, which was also net sold, the steel sector faces headwinds from global demand uncertainty, but the stock’s modest gain on the day indicates some domestic buying support.
What to Watch
- Continued foreign flow data in the coming sessions to see if real estate selling persists.
- Q2 2026 earnings reports for VIC and VHM, due in July, to assess fundamental trends.
- VN-Index’s ability to hold above 1,880 points, a key support level.
- Any policy announcements from the State Bank of Vietnam regarding credit growth or real estate lending.
- Trading volumes in banking stocks like ACB and MBB to confirm institutional accumulation.