CTG

On June 4, 2026, foreign investors net sold VND 5,742.2 billion on the Vietnamese stock market, the largest daily sell-off in recent months, but domestic institutions absorbed the entire amount with net purchases of VND 5,915.0 billion. A notable block trade saw 25.2 million VIC shares worth VND 4,997.4 billion transferred from foreign to domestic hands, signaling a major ownership shift in Vingroup.

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.

ACB Securities forecasts large-cap banking stocks including VCB, CTG, MBB, VPB, and HDB will lead the market in H2 2026, supported by stable business fundamentals and attractive valuations. Sector P/E of 10.8-10.9x is 10% below historical median, while NIM has compressed to ~3% and Q1 2026 pre-tax profit growth slowed to 14.2% YoY.

Foreign investors net sold nearly VND 6,000 billion in a single session, with VIC alone accounting for VND 4,900 billion of the outflow. Domestic institutions net bought VND 5,500 billion, partially offsetting the selling. Analysts expect the foreign selling trend to continue until August or September, tied to market upgrade expectations.

NVL was the most sold stock by proprietary trading desks on HOSE on June 3, with net selling of VND 87 billion, as total proprietary net selling reached VND 995 billion. The selling pressure adds to NVL's recent decline, with the stock closing at VND 13,600, down 4.23% on the day.

Foreign investors net sold VND 19.3 trillion on HOSE in May 2026, the highest in 7 months, with cumulative year-to-date net selling reaching VND 64.4 trillion. FPT, MSB, ACB, and VHM were the most sold, while VCB was the only stock with net buying over VND 1 trillion. The persistent selling pressure reflects global fund rebalancing and defensive positioning ahead of Vietnam's market upgrade.

CTG and other stakeholders propose a 6-month delay to July 2026 for new e-invoice regulations, with VietinBank specifically requesting extension to December 2026. The delay aims to allow banks and e-commerce platforms to upgrade systems and avoid operational disruptions.

On June 2, foreign investors net sold VND 606 billion on HOSE, with heavy selling in HPG, HDB, ACB, CTG, and VPB. In contrast, FPT attracted net buying of VND 482 billion, standing out as the sole major net-bought stock. Proprietary trading desks also net sold slightly, with MSN the most sold and VHM the most bought.

Foreign investors net sold VND 562 billion on June 2, 2026, extending a recent selling trend. The selling was concentrated in HPG, HDB, ACB, CTG, and VPB, while FPT saw net buying of nearly VND 500 billion, making it the top purchased stock on HOSE.

BIDV increased online deposit rates by up to 1.2% for 6-11 month terms to 6.6%, bringing its rates in line with most Big 4 peers except Vietcombank. The move reflects growing competition for deposits as credit growth outpaces deposit growth, pressuring bank margins and potentially lifting the sector's funding costs.

The State Bank of Vietnam has relaxed real estate credit growth caps for 25 commercial banks, excluding social housing and industrial zone loans from the limit. While intended to boost priority segments, the policy raises asset quality concerns if the property market recovery slows, impacting banks like ACB, BID, CTG, and EIB.

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.