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, offsetting foreign net selling of a similar magnitude. The stock reversed from a sharp early decline to close up 1.3%, highlighting strong local demand. Vingroup, Vietnam’s largest listed conglomerate, has set ambitious 2026 revenue and profit targets.

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 VND 5,000 billion of VIC shares on the same day, primarily through block trades.
• Block trade volume totaled 25.5 million shares, mostly at the reference price of VND 197,600 per share.
• VIC closed at VND 200,200 (+1.3%) after falling sharply earlier in the session.
• VIC’s market capitalization stands at VND 1.54 quadrillion, maintaining its position as the largest stock on HOSE.
• Vingroup targets 2026 revenue of VND 485,000 billion (+46% vs 2025) and net profit of VND 35,000 billion (3x 2025).
• VinFast aims to deliver 300,000 electric cars and 1 million electric motorcycles in 2026.

What Happened

On June 4, a series of block trades in VIC shares totaling nearly 25.5 million units, worth approximately VND 5,000 billion, were executed. The trades were primarily at the reference price of VND 197,600 per share, with two orders accounting for 25.2 million and 170,000 shares. Notably, foreign investors net sold nearly 24.7 million VIC shares, mostly via block trades, while domestic investors absorbed the supply.

VIC shares staged a dramatic intraday reversal, recovering from a steep morning decline to close at VND 200,200, up 1.3%. Prior to this session, the stock had fallen about 14% from its peak. The block trade activity suggests a strategic transfer of shares from foreign to domestic hands, possibly institutional investors.

Market Context

VIC, listed on HOSE, is Vietnam’s largest stock by market capitalization at VND 1.54 quadrillion. The stock had declined roughly 14% from its recent high before the June 4 session. The block trade occurred amid a broader market environment where foreign investors have been net sellers of Vietnamese equities. The strong domestic buying helped VIC outperform the market, reversing its intraday loss.

Strategic Significance

The block trade underscores the depth of domestic institutional demand for VIC shares, even as foreign investors reduce exposure. Vingroup’s ambitious 2026 targets, including a tripling of net profit and aggressive expansion in electric vehicles (VinFast), real estate (Vinhomes), and tourism (Vinpearl), provide a long-term growth narrative. The successful placement of a large block suggests confidence among local investors in Vingroup’s strategic pivot toward technology and green energy.

What to Watch

• Upcoming quarterly earnings reports for VIC and its key subsidiaries (VinFast, Vinhomes) to gauge progress toward 2026 targets.
• Further foreign ownership changes, as VIC’s foreign room is currently near its limit.
• Announcements of capital raising plans, including potential bond issuances or equity placements.
• VinFast’s delivery numbers and production ramp-up, especially for new B and C segment models.
• Vingroup’s expansion into new sectors (infrastructure, green energy, culture) and any related project milestones.