OIL

PLX and OIL are the dominant blenders under Vietnam's E10 mandate, with combined licensed capacity of 775,000 m3/month, covering 89% of domestic gasoline supply. The regulation, now cleared by the Ministry of Justice, creates structural demand for ethanol and reinforces the market position of these two state-linked distributors.

FPT attracted net foreign buying of VND 567 billion on June 3, the largest inflow on HOSE, as foreign investors net sold VND 600 billion market-wide. The buying supported FPT's share price, which rose 2.27% to VND 76,500, contrasting with selling pressure on ACB, VHM, and VIC.

PLX and OIL face a regulatory shift as Vietnam mandates E10 gasoline nationwide from June 1, 2026, replacing all unleaded gasoline with ethanol-blended fuel. Both state-owned distributors have completed retail system conversions, with E5 RON92 retained until end-2030. The move aims to reduce emissions and align with global biofuel trends, potentially boosting ethanol demand but requiring operational adjustments.

Foreign investors net sold VND 2,094 billion (USD 83.8 million) on May 25, with MSB alone accounting for over VND 1,500 billion in net selling. The selling pressure was broad-based, affecting HPG, ACB, FPT, and KDH, while net buying was concentrated in MSN, HDB, VIC, VCB, and VHM.

Foreign investors net sold VND 830 billion across Vietnamese exchanges on May 19, with VCB attracting the largest net inflow of VND 594 billion while MBB saw the heaviest net selling of VND 233 billion. The VN-Index declined 15 points to 1,913 on elevated HoSE matching volume of VND 27 trillion.

Foreign investors net sold VND 688 billion across Vietnamese exchanges on May 18, 2026, but bucked the trend to buy VCB (Vietcombank) with over VND 231 billion, making it the most bought stock. ACB led the sell-off at VND 170 billion, followed by HPG and VHM. VN-Index still rose 6.34 points to 1,927.