Foreign Investors Net Sell VND 772B as VIC and VHM Lead Selling

Overview

Foreign investors net sold VND 772.24 billion on the Ho Chi Minh City Stock Exchange on October 14, 2026, with Vingroup (VIC) and Vinhomes (VHM) accounting for roughly 40% of total net selling. The VN-Index closed down 0.85% at 1,704.87 points, retreating toward the 1,700 support level as large-cap real estate stocks weighed on the benchmark.

Key Facts

• Foreign investors net sold VND 772.24 billion on October 14, 2026, equivalent to approximately USD 31.3 million.
• VIC led net selling at VND 152.99 billion, followed by VHM at VND 151.94 billion.
• FRT saw net selling of VND 94.06 billion, FPT VND 67.36 billion, TCB VND 63.38 billion, and VPB VND 62.76 billion.
• MBB attracted the largest net buying at VND 100.62 billion, followed by STB at VND 43.88 billion, HPG at VND 28.80 billion, and HDB at VND 21.24 billion.
• VN-Index closed at 1,704.87 points, down 14.55 points or 0.85%, with market breadth negative at 158 decliners versus 119 advancers.
• VIC and VHM together dragged the VN-Index down by 5.76 points; total negative contribution from leading decliners reached 15.46 points.
• Proprietary trading desks net bought VND 426.4 billion, partially offsetting foreign selling pressure.

What Happened

Foreign investors extended their selling streak on October 14, 2026, net selling VND 772.24 billion across the HOSE exchange. The outflow was concentrated in large-cap real estate and technology names, with VIC and VHM alone accounting for VND 304.93 billion in net sales. FRT, FPT, TCB, and VPB also saw significant foreign net selling ranging from VND 62.76 billion to VND 94.06 billion.

On the buying side, foreign investors accumulated banking and materials stocks. MBB led with VND 100.62 billion in net purchases, followed by STB at VND 43.88 billion, HPG at VND 28.80 billion, and HDB at VND 21.24 billion. The matching-order data showed foreign investors net bought resources, insurance, and select financials while selling real estate and financial services. Proprietary trading desks net bought VND 426.4 billion, providing some counterbalance to foreign outflows.

Market Context

VIC closed at VND 218,400 on October 14, 2026, while VHM ended at VND 61,000. The VN-Index has been under pressure, falling 0.85% to 1,704.87 points on declining liquidity of VND 13,732.3 billion. The real estate sector showed weakness with NVL down 3.59% and VHM down 5.28%, while banking stocks like MBB (+1.57%), VIB (+1.09%), and MSB (+1.03%) outperformed. HPG rose 1.71% in basic materials. The market’s short-term trend remains negative as the index approaches the 1,700 psychological support level.

Strategic Significance

For long-term investors, the persistent foreign selling in VIC and VHM reflects ongoing concerns about Vietnam’s real estate sector recovery trajectory and valuation levels after recent rallies. Vingroup’s diversified portfolio across real estate, automotive, and technology continues to face headwinds from elevated interest rates and regulatory scrutiny in property development. The rotation into banking stocks like MBB and STB suggests foreign investors are repositioning toward sectors with clearer earnings visibility and healthier balance sheets. The divergence between foreign selling in real estate and buying in financials may signal a structural shift in portfolio allocation rather than broad-based Vietnam bearishness.

What to Watch

• VN-Index support at the 1,700 level and whether foreign selling accelerates if breached.
• VIC and VHM quarterly earnings releases for signs of real estate sector stabilization.
• Foreign ownership room filings for banking stocks like MBB and STB as buying continues.
• State Bank of Vietnam policy signals on interest rates and credit growth targets.
• Proprietary trading flows, which have provided VND 426.4 billion in net buying, as a counterbalance to foreign outflows.