Foreign Net Selling on April 21: VND 421B Outflow, FUEVFVND Bought Heavily

Overview

Foreign investors were net sellers on the Vietnamese stock market on April 21, with a total net sell value of approximately VND 421 billion (~$16.84 million). The selling was concentrated in FPT, VCB, and MSB, while the ETF FUEVFVND saw significant buying of over VND 294 billion, along with HPG and MSN. The VN-Index declined 4 points to close at 1,833 amid high turnover.

Key Facts

• Foreign net selling totaled VND 421 billion on April 21.
• On HOSE, foreign net selling was VND 377 billion; on HNX, VND 47 billion; on UPCOM, net buying of VND 3 billion.
• FUEVFVND was the most bought stock on HOSE, with net purchases of VND 294 billion.
• HPG and MSN were also bought heavily, with net inflows of VND 291 billion and VND 80 billion, respectively.
• FPT was the most sold stock, with net outflows of VND 171 billion.
• VCB and MSB followed, with net selling of VND 124 billion and VND 108 billion, respectively.
• On HNX, SHS was the most sold, with net outflows of VND 41 billion.
• On UPCOM, OIL was the most bought, with net purchases of VND 13 billion.

What Happened

According to exchange data, foreign investors continued their net selling trend on April 21, with total net sales of VND 421 billion across all three exchanges. On HOSE, the net sell value was VND 377 billion. The selling pressure was led by FPT (VND 171 billion), VCB (VND 124 billion), and MSB (VND 108 billion). In contrast, the ETF FUEVFVND saw strong buying of VND 294 billion, followed by HPG (VND 291 billion) and MSN (VND 80 billion).

On HNX, foreign net selling amounted to VND 47 billion, with SHS being the most sold (VND 41 billion). PVS was the most bought on HNX, with net purchases of VND 5 billion. On UPCOM, foreign investors were net buyers of VND 3 billion, with OIL receiving the most buying interest (VND 13 billion), while ACV was the most sold (VND 11 billion).

Market Context

The VN-Index fell 4 points to 1,833 on April 21, with high turnover of nearly VND 25 trillion on HOSE. The foreign net selling added to the market’s weakness. Among the affected tickers, FUEVFVND closed at VND 37 (+0.59%) on April 24, while HPG closed at VND 28 (-1.75%) on April 15, MSN at VND 77 (-0.64%), and FPT at VND 75 (-1.31%). The selling in FPT, VCB, and MSB reflects continued foreign profit-taking in large-cap stocks.

Strategic Significance

The persistent foreign net selling, particularly in blue-chip stocks like FPT and VCB, indicates a cautious stance by international investors amid global uncertainties. However, the strong buying in FUEVFVND, an ETF tracking the VN30 index, suggests that foreign investors are using ETFs to gain broad market exposure rather than picking individual stocks. The buying in HPG and MSN may reflect value-seeking in cyclical and consumer stocks. The divergence between ETF buying and stock selling could signal a tactical shift in foreign portfolio allocation.

What to Watch

• Continuation of foreign net selling in the coming sessions, especially in FPT, VCB, and MSB.
• Any reversal in foreign flows into large-cap stocks as the VN-Index approaches key support levels.
• Further ETF inflows or outflows, particularly into FUEVFVND and other VN30-linked funds.
• Q1 2026 earnings reports from HPG, MSN, and FPT, which could influence foreign sentiment.
• Global market developments and their impact on foreign capital flows into Vietnam.