Vingroup Stocks Plunge, VN-Index Loses 20 Points as Foreign Selling Continues

Overview

Vingroup stocks (VIC, VHM, VRE) reversed sharply from intraday gains to close lower on April 15, 2026, dragging the VN-Index down 20 points to 1,895. The sell-off spread across real estate, banking, and oil & gas sectors, while foreign investors extended their net selling streak to 13 consecutive sessions. The reversal came despite the index hitting a new intraday record of 1,927 points in the morning.

Key Facts

• VIC closed at VND 223,000, down 1.3% from reference.
• VHM and VPL fell approximately 2%, while VRE neared the floor price.
• The four Vingroup stocks collectively subtracted 10 points from the VN-Index.
• The VN-Index lost 20 points to close at 1,895, ending a four-day winning streak.
• More than 210 stocks on HOSE closed below reference, double the number of gainers.
• HOSE trading volume reached over VND 28 trillion, about 3% above the prior week’s average.
• Foreign investors net sold over VND 1 trillion (VND 3.7 trillion sold vs. VND 2.7 trillion bought), extending the net selling streak to 13 sessions.

What Happened

According to a report by Phuong Dong, Vingroup stocks initially rallied in the morning session, with VHM gaining over 5% and pushing the VN-Index to a new all-time intraday high of 1,927 points. However, profit-taking emerged in the afternoon, causing a sharp reversal. VIC closed at VND 223,000, down 1.3%, while VHM and VPL dropped about 2%, and VRE neared the floor price. The four stocks were among the top negative contributors to the index, collectively shaving off 10 points.

The selling pressure quickly spread across the market, with over 210 stocks on HOSE closing below reference. The VN-Index ended at 1,895, down 20 points, breaking a four-day winning streak. The day’s performance contradicted most brokerage forecasts, which had anticipated continued gains toward the 2,000-point psychological level.

Market Context

VIC (listed on HOSE) had closed at VND 177 on April 15, up 6.95% on the day, but the broader sell-off erased those gains. The real estate sector was hit hardest, with stocks like NVL, KDH, NLG, and CII also declining. Banking stocks were broadly lower, with KLB and BID falling 3.4% and 2.1%, respectively, while EIB rose nearly 3%. Oil & gas stocks GAS and PLX lost 1.5% and 2%, though BSR hit the ceiling. Despite the index decline, trading volume on HOSE reached over VND 28 trillion, above the weekly average, indicating active participation.

Strategic Significance

The sharp reversal highlights the market’s vulnerability to profit-taking after a sustained rally, particularly in heavily weighted Vingroup stocks. The continued foreign net selling for 13 sessions suggests persistent outflows, which may pressure liquidity and sentiment. For long-term investors, the correction could present accumulation opportunities at lower valuations, as some analysts have noted. However, the breadth of the sell-off across multiple sectors indicates a broad-based de-risking, warranting caution.

What to Watch

• Foreign net selling activity in the coming sessions to see if the streak extends.
• VN-Index’s ability to hold above the 1,900 level and potential rebound in Vingroup stocks.
• Q1 2026 earnings reports from VIC, VHM, and VRE for fundamental support.
• Brokerage outlook revisions following the failed breakout above 1,927.
• Sector rotation: whether defensive stocks or other sectors gain favor.