Vietnam Market July 27: Proprietary Traders Net Buy VND 522B, Foreigners Sell VPB, TCB, SHB

Overview

On July 27, 2026, the VN-Index fell 17.1 points, yet proprietary traders net bought VND 522 billion on HOSE, overwhelmingly concentrated in VPX. In contrast, foreign investors continued their net selling streak for the fourth consecutive session, with VPB, TCB, and SHB seeing the largest outflows. The data underscores a persistent divergence between domestic proprietary flows and foreign investor sentiment.

Key Facts

• Proprietary traders net bought VND 522 billion on July 27, 2026.
• VPX alone accounted for VND 572 billion of proprietary net buying.
• MWG and OPC were also net bought by proprietary traders, with VND 65 billion and VND 42 billion, respectively.
• SJS was the most net sold by proprietary traders, at VND 96 billion.
• Foreign investors net sold for the fourth consecutive session, with total net outflow of USD 3.84 million (approx. VND 96 billion) on the day.
• VPB was the most net sold by foreign investors, at VND 96 billion.
• TCB and SHB each saw foreign net selling of approximately VND 71 billion.
• LPB was the most net bought by foreign investors, at nearly VND 70 billion.

What Happened

According to exchange data reported on July 27, 2026, the Vietnamese equity market weakened as the VN-Index dropped 17.1 points. Proprietary trading desks at securities firms stepped in with significant net buying of VND 522 billion, with the bulk directed at VPX (VND 572 billion). Other stocks such as MWG and OPC also saw net buying, while SJS was the top net sold by this group.

Meanwhile, foreign investors remained net sellers for the fourth straight session, offloading VPB (VND 96 billion), TCB (VND 71 billion), and SHB (VND 71 billion) the most. On the buying side, LPB attracted nearly VND 70 billion of foreign net inflows. The divergence between domestic proprietary buying and foreign selling highlights contrasting views on market direction.

Market Context

VPB (VPBank, HOSE) closed at VND 24,550 on July 27, down from recent highs. The stock has been under persistent foreign selling pressure, with this session marking another day of net outflows. TCB (Techcombank, HOSE) closed at VND 28,250 and SHB (Saigon-Hanoi Bank, HOSE) at VND 11,450, both also facing foreign net selling. In contrast, LPB (LienVietPostBank, HOSE) saw foreign net buying, closing at VND 54,000. The broader market’s decline and continued foreign selling suggest ongoing caution among international investors, while proprietary traders appear to be taking a contrarian stance.

Strategic Significance

The persistent foreign selling in major banking stocks like VPB, TCB, and SHB indicates a potential structural shift in foreign investor sentiment toward Vietnamese financials, possibly due to global rate expectations or sector-specific concerns. Proprietary buying, especially the massive concentration in VPX, may reflect a strategic bet on a rebound or a specific corporate event. The divergence between domestic and foreign flows creates a tactical opportunity for investors to monitor whether foreign selling exhausts or domestic buying sustains, which could signal a turning point for these stocks.

What to Watch

• Foreign net selling volumes in VPB, TCB, and SHB in the coming sessions to see if the trend accelerates or reverses.
• Any corporate announcements from VPX that could explain the concentrated proprietary buying.
• VN-Index price action and whether the index stabilizes after the July 27 drop.
• LPB’s foreign buying momentum, as it was the only major bank with net foreign inflows.
• Upcoming macroeconomic data or policy changes that could affect foreign investor sentiment.