Foreign Net Selling Hits VND 4.5 Trillion: VIC, HPG Bought; FPT, BID Sold

Overview

Foreign investors were net sellers of VND 4,497.4 billion (~$179.9 million) on the Vietnamese stock market last week, with net selling via matched orders reaching VND 1,069.2 billion. Net buying was concentrated in Real Estate and Basic Resources sectors, led by VIC and HPG, while net selling focused on Information Technology, notably FPT and BID. The VN-Index rose 3.84% to 1,817.17, extending its recovery for a fourth consecutive week.

Key Facts

• Foreign net selling totaled VND 4,497.4 billion (~$179.9 million) in the week ending April 18, 2026.
• Matched-order net selling by foreign investors was VND 1,069.2 billion.
• Top net bought stocks via matched orders: VIC, HPG, SSI, MWG, MSN, MBB, GMD, LPB, POW, TCH.
• Top net sold stocks via matched orders: FPT, BID, ACB, VHM, VIX, HCM, SHB, CII, NVL.
• VN-Index closed at 1,817.17, up 67.17 points (+3.84%) week-on-week.
• Average matched-order daily turnover on HOSE reached VND 20,988 billion, up 1.02% from the prior week.
• Domestic individual investors net bought VND 3,179.5 billion overall, with matched-order net buying of VND 1,189.8 billion.

What Happened

According to data from the Ho Chi Minh Stock Exchange (HOSE) and market summaries, foreign investors were net sellers of VND 4,497.4 billion last week, with matched-order net selling of VND 1,069.2 billion. The selling pressure was concentrated in the Information Technology sector, with FPT and BID among the most sold stocks. Conversely, foreign investors net bought Real Estate and Basic Resources stocks, particularly VIC and HPG.

The VN-Index rose 3.84% to 1,817.17, marking a fourth consecutive weekly gain. Average matched-order daily turnover on HOSE was VND 20,988 billion, slightly higher than the previous week but still below the five-week average. The recovery was driven by select large-cap stocks, including the Vin group (VIC, VHM, VPL, VRE) and MWG, VPB.

Market Context

VIC closed at VND 177 on April 15, up 6.95% on high volume of 6.36 million shares, reflecting strong buying interest. HPG closed at VND 28, down 1.75% on volume of 27.5 million shares. SSI closed at VND 29, up 0.17%, and MWG closed at VND 81, down 1.10%. The VN-Index’s recovery has been supported by domestic individual investors, who net bought VND 3,179.5 billion overall, and proprietary trading desks, which net bought VND 505.7 billion. However, foreign selling remains a headwind, particularly for IT and financial stocks.

Strategic Significance

The persistent foreign net selling, especially in high-liquidity names like FPT and BID, suggests a cautious stance by international investors amid global uncertainty or profit-taking. The concentration of foreign buying in VIC and HPG indicates selective interest in real estate and basic resources, possibly driven by expectations of economic recovery or sector-specific catalysts. The VN-Index’s resilience, despite foreign outflows, highlights the role of domestic liquidity and retail participation in supporting the market. For long-term investors, the divergence between foreign and domestic flows underscores the importance of monitoring foreign ownership limits and sector rotation.

What to Watch

• Weekly foreign flow data for signs of reversal or sustained selling.
• Q1 2026 earnings reports from VIC, HPG, FPT, and BID for fundamental validation.
• SBV policy decisions on interest rates and credit growth, which may affect foreign investor sentiment.
• Changes in foreign ownership limits for key stocks, especially in the IT sector.
• VN-Index technical levels: support at 1,750 and resistance at 1,850.