Foreign Investors Net Sell VND 755B on Aug 7, VHM Leads with VND 290B

Overview

On August 7, 2026, foreign investors net sold VND 755 billion on the Ho Chi Minh Stock Exchange (HOSE), with Vinhomes (VHM) leading the sell-off at VND 290 billion. Banking stocks Techcombank (TCB) and VPBank (VPB) also saw significant net selling, while Vinamilk (VNM) and VietinBank (CTG) attracted net buying. The data, reported by Vietnamese financial media, underscores ongoing foreign divestment from large-cap real estate and banking sectors.

Key Facts

• Foreign investors net sold VND 755 billion on August 7, 2026.
• VHM saw the largest net selling at VND 290 billion.
• TCB and VPB were net sold VND 219 billion and VND 205 billion, respectively.
• Other net-sold tickers: VIC (VND 153B), FPT (VND 54B), SHB (VND 49B), GEX (VND 42B).
• Top net-bought: VNM (VND 161B), CTG (VND 149B), BID (VND 42B), FUEVFVND (VND 38B), GAS (VND 36B), BSR (VND 34B).
• Proprietary trading desks net sold nearly VND 562 billion on HOSE, extending their selling streak to four sessions.
• DMX accounted for VND 657 billion of proprietary net selling, mostly via block deals.

What Happened

According to the August 7 market data report, foreign investors maintained a net selling position for the session, with total net sell value reaching VND 755 billion. The selling pressure was concentrated in Vinhomes (VHM), which saw net outflows of VND 290 billion, followed by Techcombank (TCB) at VND 219 billion and VPBank (VPB) at VND 205 billion. Other notable net-sold stocks included Vingroup (VIC), FPT, SHB, and GEX.

On the buying side, foreign investors accumulated Vinamilk (VNM) with net purchases of VND 161 billion and VietinBank (CTG) with VND 149 billion. Additional net buying was seen in BID, FUEVFVND, GAS, and BSR. The data, sourced from HOSE trading statistics, also showed that securities firms’ proprietary trading desks net sold nearly VND 562 billion, with DMX alone contributing over VND 657 billion, almost entirely through block trades.

Market Context

VHM closed at VND 73,000 on August 7, down from recent levels, as foreign selling intensified. The stock has been under pressure amid a broader real estate sector slowdown and concerns about high inventory. TCB and VPB, trading at VND 29,700 and VND 25,000 respectively, also faced foreign outflows, reflecting a cautious stance on banking stocks despite improving earnings. The overall market sentiment on HOSE remains fragile, with foreign net selling persisting for multiple sessions, while domestic proprietary desks add to the selling pressure.

Strategic Significance

For long-term investors, the persistent foreign net selling in VHM and other large caps signals a shift in foreign portfolio allocation away from Vietnamese real estate and banking names. This could be driven by global risk-off sentiment, currency concerns, or sector-specific headwinds. The buying in defensive names like VNM and CTG suggests a preference for stable cash flows and state-backed entities. The trend may continue if foreign investors see limited catalysts for a rebound in property and bank stocks, potentially weighing on market liquidity and valuations.

What to Watch

• Foreign net selling activity in the coming sessions: whether the pace accelerates or slows.
• VHM’s Q3 earnings release and any updates on project sales or debt reduction.
• Policy signals from the State Bank of Vietnam (SBV) regarding interest rates and credit growth.
• Block trade activity by proprietary desks, especially in DMX, which could indicate institutional repositioning.
• Foreign ownership changes in TCB and VPB, as banking stocks face regulatory limits.