Foreign Investors Net Buy VND 386B on September 10; VHM Leads Proprietary Desk Flows

Overview

Foreign investors net bought approximately VND 386 billion (~USD 15.4 million) of Vietnamese stocks on September 10, 2026, while proprietary trading desks at securities firms net bought VND 288 billion on the HoSE. Vinhomes (VHM), listed on HOSE, was the single largest proprietary-desk purchase at VND 35 billion, placing the real estate developer at the centre of the session’s institutional flow. The combined buying arrived on a day when the VN-Index closed just 2.11 points higher at 1,829.25, suggesting selective accumulation rather than broad risk-on demand.

Key Facts

• Foreign investors net bought roughly VND 386 billion (~USD 15.4 million) across the Vietnamese market on September 10, 2026.
• Proprietary trading desks at securities firms net bought VND 288 billion on HoSE in the same session.
• VHM led proprietary-desk net buying at VND 35 billion, followed by FPT at VND 30 billion and VIC at VND 28 billion.
• VNM (VND 26 billion), MSN (VND 20 billion), HPG (VND 19 billion), TCB (VND 18 billion), STB (VND 13 billion), VCB (VND 12 billion) and LPB (VND 11 billion) rounded out the top ten buys.
• Heaviest proprietary net sales were FUEKIVFS at -VND 23 billion, with NLG and BID each at -VND 5 billion, and CTG and MWG each at -VND 4 billion.
• GMD and VTP each saw -VND 3 billion in proprietary net selling, while VPI, FRT and SBT each recorded -VND 2 billion.
• The VN-Index closed at 1,829.25, up 2.11 points or 0.12%, after dipping toward 1,810 intraday on thin liquidity.

What Happened

The session opened under continued correction pressure, with the benchmark index sliding to around 1,810 points on low turnover. Market breadth was mixed, but selling pressure eased through the day and technology and retail names led a recovery. By the close, the VN-Index had recovered to 1,829.25, a gain of 2.11 points, or 0.12%, according to the market recap.

Flow data was the session’s clearest positive. Foreign investors net bought about VND 386 billion of equities market-wide, while proprietary desks at securities companies recorded VND 288 billion in net HoSE buying. On the sell side, proprietary desks reduced exposure to the FUEKIVFS exchange-traded fund (-VND 23 billion), NLG and BID (-VND 5 billion each), CTG and MWG (-VND 4 billion each), GMD and VTP (-VND 3 billion each), and VPI, FRT and SBT (-VND 2 billion each). The article does not break out foreign flow by individual ticker, nor does it state the foreign net figure for HoSE alone.

Market Context

VHM closed at VND 73,100 on September 10, 2026, while FPT ended at VND 74,500, VIC at VND 247,700 and VNM at VND 61,600. The buying was concentrated in large-cap real estate, technology and consumer staples names rather than spread evenly across the market, consistent with the index’s narrow 0.12% advance. The VN-Index’s intraday dip to roughly 1,810 before recovering to 1,829.25 indicates that demand emerged on weakness rather than chasing strength, a pattern typical of accumulation phases in the HoSE large-cap complex.

Strategic Significance

For long-term investors, the composition of the buy list matters more than the headline number. VHM, VIC, FPT, VNM and MSN are among the most liquid, index-heavy names on HOSE, and their appearance at the top of proprietary-desk flows suggests domestic institutions were positioning in core holdings rather than rotating into speculative small caps. The simultaneous foreign net buy of VND 386 billion, if sustained, would mark a shift from the intermittent foreign selling that has characterised parts of 2026. VHM’s position at the top of the list is notable given the real estate sector’s sensitivity to credit conditions and project absorption rates; sustained institutional demand for the stock would imply confidence in the developer’s inventory pipeline and funding access rather than a short-term trading view.

What to Watch

• Whether foreign net buying persists over the following five to ten sessions, or reverses as it has after previous single-day inflows.
• Daily proprietary-desk flow data on HoSE, particularly whether VHM, FPT and VIC remain net buys or the desks rotate into the names they sold on September 10.
• VHM’s third-quarter 2026 business results and any updates on presale volumes or project handovers.
• Foreign-ownership room and any block-trade disclosures in VHM, FPT and VIC.
• VN-Index behaviour around the 1,810 support level and whether liquidity expands on up days.