Financial Services

VN-Index fell more than 32.5 points (~1.8%) in the week of Oct 26-30, dragged by banking and securities stocks, while Vingroup names VIC and VPL provided support. HNX-Index dropped 3.8% (~10 points).

Vietnam's Supreme People's Procuracy has concluded its investigation into asset fraud at Bamboo Capital (BCG) and asked former chairman Nguyen Ho Nam and three co-defendants to surrender for prosecution. The case centres on BCG's bond issuance, with links to TPB via former vice-chairman Do Anh Tu.

Foreign investors net sold VND 2,692B (~USD 107.7M) on HOSE in the final week of October, with FPT absorbing the largest outflow at VND 782B, followed by VPL at VND 353B and VIC at VND 287B. MSN, VCB and TCB led net buying, while the VN-Index fell 1.83% to 1,741.62 on thin liquidity.

Foreign investors net sold VND 633.74B on HOSE on 30 October, with Vingroup (VIC) alone accounting for VND 353.68B of the outflow at a close of VND 241,000. VN-Index fell 0.8% to 1,741.62 and HNX-Index dropped 1.51% to 252.74, with materials and industrials leading declines while utilities rose.

Vietnamese stocks fell broadly with the VN-Index down 0.8% and VN30 down 1.18%, dragged by banking stocks where all 13 VN30 banks declined and 20 of 28 banks fell over 1%. Blue-chips VIC, VHM and GAS recovered to cushion the index, but breadth was weak with 253 decliners on HoSE and 100 stocks down more than 2%.

Vingroup (VIC) and VHM together stripped 13.75 points from the VN-Index as the benchmark fell 1.44% to 1,730.35 by the 30 October morning break. Foreign investors net sold VND 394.9B across all three exchanges, with VND 186.91B concentrated in VIC alone, while HOSE turnover fell 32.98% session-on-session.

VN-Index fell sharply as liquidity dried up, with blue-chips like VIC and VHM dragging the index down nearly 14 points; foreign investors turned net sellers on HoSE.

Hòa Phát (HPG) was the single largest foreign net-buy on matched orders on 29/10, rising 2.17% and adding roughly 0.79 points to the VN-Index even as foreigners net sold VND 429.9B across the market. Steel was one of only a handful of sectors to close higher, with liquidity also picking up.

Foreign investors net sold over VND 540B and proprietary desks nearly VND 282B on October 29, a combined outflow near VND 825B. Techcombank (TCB) absorbed the heaviest selling from both cohorts, while HPG led foreign net buying at more than VND 63B.

PVT closed limit-down at 21,300 VND with more than 21 million shares traded as Brent slipped nearly 1% to $114 a barrel and investors digested news that the State will retain 100% ownership of Petrovietnam. GAS and BSR were among the ten heaviest drags on the VN-Index, which fell more than 11 points to 1,755, while foreign investors net sold over VND 450 billion for a fifth straight session.

Foreign investors net sold roughly VND 430 billion across Vietnam's market on October 29, with HoSE alone at VND 459 billion net selling as the VN-Index fell 11 points to 1,756. VPBank (VPB) led net buying at about VND 83 billion, followed by HPG at VND 63 billion, while TCB and FPT absorbed the heaviest outflows near VND 118 billion and VND 115 billion.

VN-Index fell 0.62% as mid- and small-cap stocks dropped sharply amid weak afternoon liquidity, with HoSE matching value down 23% versus the morning session. Foreign investors turned net buyers of about 149.6 billion VND on HoSE, though FPT, TCB, SSI and VHM saw net selling.