Domestic investors buy VND 5,000B Vingroup shares in block trade, offset foreign selling

Overview

On June 4, domestic investors bought nearly VND 5,000 billion worth of Vingroup (VIC) shares via block trades, fully offsetting foreign net selling of the same magnitude. The buying helped VIC shares reverse early losses to close up 1.3% at VND 200,200, after a 14% decline from recent highs. The trade highlights robust local demand for Vietnam’s largest listed conglomerate.

Key Facts

• Domestic investors purchased nearly VND 5,000 billion (approx. USD 200 million) of VIC shares in block trades on June 4.
• Foreign investors net sold nearly 24.7 million VIC shares on the same day, mostly via block trades.
• Block trade volume totaled 25.5 million shares, with the bulk executed at the reference price of VND 197,600.
• VIC shares closed at VND 200,200, up 1.3%, after falling as much as 14% from its peak.
• Vingroup’s market capitalization stands at VND 1.54 quadrillion, the largest on the Vietnamese stock exchange.
• Vingroup targets 2026 revenue of VND 485,000 billion (+46% YoY) and net profit of VND 35,000 billion (3x YoY).

What Happened

On June 4, the Ho Chi Minh Stock Exchange recorded a series of block trades on Vingroup (VIC) shares totaling nearly 25.5 million shares, worth approximately VND 5,000 billion. The trades were executed mainly at the reference price of VND 197,600 per share, with two large orders accounting for 25.2 million shares and 170,000 shares. According to exchange data, foreign investors net sold nearly 24.7 million VIC shares on the same day, predominantly through block trades. The counterparty was domestic investors, who absorbed the entire foreign selling.

The buying activity helped VIC shares stage a sharp reversal from early-session losses to close up 1.3% at VND 200,200. Prior to this session, VIC had declined approximately 14% from its recent peak. The stock remains the largest by market capitalization on the Ho Chi Minh Stock Exchange at VND 1.54 quadrillion.

Market Context

VIC shares on HOSE have experienced volatility in recent weeks, declining about 14% from their peak before the June 4 session. The block trade occurred amid a broader market trend of foreign net selling, which has weighed on large-cap stocks. VIC’s price action reflects ongoing investor focus on Vingroup’s strategic pivot toward technology, green energy, and infrastructure, as well as the performance of its key subsidiaries such as VinFast and Vinhomes. The strong domestic buying suggests that local institutional investors see value at current levels.

Strategic Significance

The block trade underscores the depth of domestic demand for VIC shares, even as foreign investors reduce exposure. Vingroup’s ambitious 2026 targets—revenue of VND 485,000 billion and net profit of VND 35,000 billion—signal confidence in its diversified business model spanning technology, real estate, and green energy. The company’s ability to attract large domestic capital flows supports its expansion plans, including VinFast’s goal to deliver 300,000 electric vehicles and Vinhomes’ continued dominance in the residential property market. The trade also highlights the potential for domestic institutions to act as a stabilizing force in Vietnam’s equity market.

What to Watch

• Upcoming quarterly earnings reports from Vingroup and its subsidiaries (VinFast, Vinhomes, Vinpearl) to assess progress toward 2026 targets.
• Further foreign selling activity in VIC and other large-cap stocks, which could pressure prices.
• Vingroup’s capital-raising plans, including potential bond issuances or equity offerings to fund expansion.
• Regulatory developments related to Vietnam’s stock market upgrade to emerging market status, which could affect foreign flows.
• VinFast’s vehicle delivery numbers and cost-reduction initiatives for new models expected in 2026.