ACB was the most sold stock by proprietary trading desks on HOSE, with net selling of VND 82 billion, as foreign investors unexpectedly net sold a massive VND 5,760 billion across the entire market. The selling pressure comes despite a market rebound, signaling caution from both domestic and foreign institutional players.
Proprietary trading desks of securities companies net sold 360 billion VND on HOSE on June 1, 2026, with SHB the most sold stock at -29 billion VND. Foreign investors also net sold 634 billion VND across the market, adding to negative sentiment.
Foreign investors net sold nearly VND 19,357 billion (USD 774 million) in May 2026, with top sells including FPT, ACB, HPG, VHM, MBB, STB, KDH, CTG, and VIC. The VN-Index rose 0.51% but liquidity remained subdued, indicating cautious market sentiment.
Vietnamese police have initiated criminal proceedings and detained several business leaders, including the CEO of Hai Phong Thermal Power and a former chief accountant of Vietnam-China Mining and Metallurgy, for document forgery and state asset mismanagement.
POW, through its 51% stake in a joint venture with B.GRIMM Power and LILAMA, is developing the LNG Vung Ang III power plant in Ha Tinh with a total investment of VND 51,430B (USD 2.06B). The 1,500 MW project, expected to operate commercially from 2030-2031, positions POW to expand its LNG-to-power capacity amid Vietnam's energy transition away from coal.
REE and Novaland are among several Vietnamese real estate companies transitioning leadership to the next generation. REE's founder Nguyen Thi Mai Thanh steps down as chair, with her son Nguyen Ngoc Thai Binh becoming CEO; Novaland's founder Bui Thanh Nhon hands chairmanship to his son Bui Cao Nhat Quan.
REE completed a 15% stock dividend issuance of 81.2 million shares, lifting charter capital to over VND 6,200 billion. Concurrently, CEO Ashok Ramachandran and Chairwoman Nguyen Thi Mai Thanh resigned, with Nguyen Ngoc Thai Binh appointed as new CEO and Lee Liang Whye as Chairman, signaling a leadership transition.
VIC, NVL, and REE have announced simultaneous leadership changes, with VinFast appointing Pham Nhat Quan Anh as chairman, Novaland transitioning to Bui Cao Nhat Quan, and REE chairman Nguyen Thi Mai Thanh resigning after 30 years. These moves signal generational transitions and strategic realignments at major Vietnamese listed companies.
MSB was the focal point of foreign selling on May 25, with net outflows of VND 1.16 trillion, contributing to total foreign net selling of VND 1.7 trillion. The selling pressure extends a three-day streak of over VND 6.6 trillion in foreign outflows, signaling sustained foreign investor caution toward Vietnamese equities.
HND CEO Duong Son Ba was prosecuted and detained on May 21, 2026, for allegedly forging documents as part of a broader environmental monitoring scandal involving multiple thermal power plants, including QTP. The scandal has already led to arrests at Quang Ninh Thermal Power (QTP).
POW announces senior management changes following its 2026 AGM, appointing Phan Anh Minh to the Board and Do Thi Minh Hong as Controller. The company targets 2026 net profit of VND 1,124 billion, a 63% decline from 2025, with revenue of VND 49,887 billion.
REE Corporation (REE) announces a leadership transition effective July 10, 2026: founder Nguyen Thi Mai Thanh steps down as Chairwoman, succeeded by Lee Liang Whye (representing foreign shareholder Platinum Victory), while her son Nguyen Ngoc Thai Binh is appointed General Director. The move signals a generational shift at the industrial conglomerate, with the founder remaining as CEO to ensure stability.
Mr. Le Manh Cuong has been appointed as the new CEO of Petrovietnam, facing challenges including declining output from traditional fields, gas supply pressure, large-scale energy investments, and the energy transition.
On May 19, proprietary trading desks of securities companies net sold VND 190 billion on HOSE, with MBB (-VND 95B), VIB (-VND 50B), and VCB (-VND 47B) leading the sell-off. In contrast, they net bought VIC (VND 123B) and VHM (VND 71B).
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.