DIG

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.

DIC Corp (DIG) chairman Nguyen Hung Cuong, his sister and mother were forced to sell a combined 1,787,000 DIG shares due to margin calls as the stock price dropped 45% from October 2025 to late May 2026. The forced sales reduced Cuong's stake to 5.66% of charter capital, signaling continued financial pressure on the founding family.

Multiple Vietnamese real estate companies including Vinhomes (VHM), Phat Dat (PDR), Dat Xanh (DXG), and DIC Corp (DIG) are issuing new shares to raise capital amid falling stock prices and tight credit conditions. The moves, totaling over VND 5,500 billion, aim to address liquidity needs and fund projects but risk diluting existing shareholders.

DIC Corp (DIG) chairman Nguyen Hung Cuong and two family members were forced to sell nearly 1.8 million DIG shares via margin call on May 25, following a prior forced sale of nearly 12 million shares in early March. The company reported a Q1 2026 net loss of over VND 10 billion, though narrowing from the prior year.

Only 3 of 20 tracked real estate stocks posted gains in early 2026, with NVL and VHM exceptions, as rising interest rates pressure the sector. VIS Rating warns of tighter credit controls and higher borrowing costs, which are expected to slow homebuyer demand and increase reliance on bonds and equity for developers.

FTSE Russell removed 9 Vietnamese stocks (SAB, DPM, HUT, DIG, EIB, DXG, PDR, FRT, KDC) from its potential upgrade list, citing insufficient liquidity, free-float, foreign room, and trading criteria. The remaining 23 stocks (including VIC, HPG, VHM, FPT, MSN) may attract USD 1.5-1.7 billion in foreign inflows upon Vietnam's expected upgrade in September 2026.

VIX and HCM hit ceiling prices on May 6 as the VN-Index rose 16.35 points to 1,891.2, driven by expectations that Vietnam may be added to MSCI's watchlist in June 2026. Foreign investors net sold over VND 1,100 billion, mainly in FPT, but the securities sector saw strong domestic inflows.

DIG posted a Q1/2026 pretax loss of over 10 billion VND, narrowing from 37 billion VND a year earlier, but revenue fell 5% YoY to 145 billion VND. The company has completed only 5% of its full-year revenue target of 3,000 billion VND, raising concerns about achieving its 600 billion VND profit goal.

DIG, LDG, and NDN all reported net losses in Q1 2025, with DIG losing nearly VND 7B, LDG over VND 16B (accumulated loss VND 1,268B), and NDN VND 630M. The losses stem from vanishing product sales revenue and rising costs, signaling continued stress in Vietnam's real estate sector.

DIC Corp (DIG) reported a net loss of nearly VND 10 billion in Q1 2026, with revenue falling 5.4% year-on-year to VND 144.6 billion. The result is far from the company's full-year profit target of VND 600 billion, raising concerns about its ability to meet guidance.

Foreign investors net sold VND 1,278 billion on April 29, with VIC the most sold at VND 402 billion, while VRE was the top buy at VND 139 billion. The sell-off coincided with ETF rebalancing of VNDiamond, VN30, and VNFinlead indices. VIC's price had risen 6.95% the prior week, suggesting profit-taking by foreign funds.