FTSE Vietnam Inclusion: 27 Stocks to See VND 5.6 Trillion Net Buying

Overview

FTSE Russell will begin including Vietnam in its global equity indices from September 21, 2026, in four tranches. According to ACBS Securities, 27 Vietnamese stocks could see net buying of approximately VND 5,588 billion (USD 216 million) during the first rebalancing, with the trading session on September 18 expected to attract positive foreign flows.

Key Facts

• FTSE Russell will add Vietnam to its global indices starting September 21, 2026, in four tranches: 10%, 20%, 35%, and 35%, completing by September 2027.
• Vietnam’s weight in the FTSE Emerging All Cap index is projected at 0.049% initially, rising to 0.488% upon full inclusion.
• The eligible list includes 27 Vietnamese stocks: 3 large-cap (VCB, VIC, VHM), 3 mid-cap (BID, HPG, VPB), and 21 small-cap names.
• ACBS estimates net foreign buying of VND 5,588 billion (USD 216 million) for these 27 stocks in the September 2026 rebalancing.
• The rebalancing trade is expected on September 18, 2026, before the new index composition takes effect on September 21.
• The list of 117 Vietnamese stocks in the FTSE GEIS universe may be adjusted until September 4, with final confirmation on September 7.
• HD Securities’ senior director forecasts total ETF inflows of around USD 1.6 billion from September 2026 to September 2027.

What Happened

FTSE Russell, a global index provider, has confirmed its roadmap for including Vietnam in its global equity indices, starting September 21, 2026. The inclusion will be phased over four tranches, with weights increasing gradually. The announcement, based on data as of August 21, 2026, outlines Vietnam’s projected weights across several FTSE indices, including FTSE Emerging All Cap, FTSE Emerging Index, FTSE Global All Cap, and FTSE All-World.

ACBS Securities, in a research note, estimated that the 27 Vietnamese stocks eligible for the FTSE Global All Cap index could see net buying of approximately VND 5,588 billion (USD 216 million) during the first rebalancing. The trading session on September 18 is expected to see positive foreign flows as index funds adjust their portfolios. The list of eligible stocks remains unchanged from previous announcements, with VCB, VIC, and VHM as large caps, BID, HPG, and VPB as mid caps, and 21 small caps including FPT, GEX, HDB, HCM, MCH, MSN, NVL, STB, SHB, SSB, SSI, TCX, VCI, VJC, VNM, MSB, VRE, VPL, VIX, VND, and VCK.

Market Context

Vietcombank (VCB), the primary ticker, closed at VND 60,000 on August 26, 2026, up 1.52% on volume of 7.18 million shares on HOSE. The broader market has been anticipating Vietnam’s index inclusion, which is expected to drive foreign capital inflows. VIC rose 4.31% to VND 230,000, while VHM was flat at VND 74,000. The FTSE inclusion is a key catalyst for large-cap banking and real estate stocks, which are heavily weighted in the index.

Strategic Significance

The FTSE Russell inclusion marks a significant milestone for Vietnam’s equity market, potentially attracting substantial passive foreign capital. For VCB and other large caps, this could enhance liquidity and valuation multiples. The phased approach allows for gradual adjustment, reducing market disruption. The estimated USD 216 million in net buying for the first tranche is modest relative to market capitalization but signals the beginning of a longer-term trend. As Vietnam’s weight increases to 0.488% in the FTSE Emerging All Cap, cumulative inflows could reach USD 1.6 billion, benefiting a broad range of listed companies.

What to Watch

• Final confirmation of the FTSE GEIS constituent list on September 7, 2026.
• Foreign net buying activity on September 18, 2026, the expected rebalancing session.
• Subsequent tranche announcements and weight adjustments through September 2027.
• Quarterly earnings reports from VCB and other included stocks to gauge fundamental support.
• Regulatory developments related to market access and foreign ownership limits that could affect index inclusion.