Utilities

Proprietary trading desks at securities companies net bought 460 billion VND on HOSE on July 22, when VN-Index fell 62 points. Techcombank (TCB) was the most bought stock at 235 billion VND, while foreign investors net sold 1,921 billion VND across the market.

On March 9, 2026, the VN-Index plunged 115.05 points (-6.51%), the sharpest drop in 4 months, with blue-chips like VIC, VHM, and MWG hitting floor prices. Foreign investors net sold 1,936 billion VND (approx.

Nearly 70 state-owned enterprises, including major tickers like BID, VCB, GAS, ACV, and BSR, face delisting by January 1, 2027 if they fail to meet shareholder structure requirements. The State Securities Commission views this as a necessary screening process to support Vietnam's market upgrade to emerging market status, which could attract significant foreign capital.

GMD saw VND 300 billion in net buying from proprietary trading desks on July 20, the largest single-stock inflow, as VN-Index dropped 43.94 points. The buying partially offset foreign net selling of VND 86 billion across the market, signaling domestic institutional support for select blue chips.

National Securities (VCI) swung to a pre-tax loss of VND 97B in Q2/2026 from a profit of VND 42B a year earlier, driven by a 50% revenue decline and a 75% increase in operating costs. The loss was primarily due to a near-total collapse in gains from FVTPL financial assets, which fell from VND 96B to just VND 1B.