SHB

GMD saw proprietary trading desks net buy over VND 300 billion on July 20, accounting for nearly 70% of total proprietary net buying on HOSE. Foreign investors net sold VND 96 billion, with VCB leading the sell-off. The divergence highlights continued foreign outflow pressure while domestic institutions selectively accumulate logistics and real estate names.

GMD saw VND 300 billion in net buying from proprietary trading desks on July 20, the largest single-stock inflow, as VN-Index dropped 43.94 points. The buying partially offset foreign net selling of VND 86 billion across the market, signaling domestic institutional support for select blue chips.

SHB has secured State Bank of Vietnam approval to sell its remaining 50% stake in SHBFinance to Thailand's Krungsri, with the transaction expected to close by mid-Q3 2026. The deal will generate a substantial capital surplus for SHB, boosting its financial capacity and supporting digital transformation and core business expansion.

SHB adjusts its plan to issue 2,000 private bonds worth up to VND 2,000B (USD 80M) to increase Tier 2 capital and improve its capital adequacy ratio. The offering period is shifted from Q2/2026 to Q3/2026. This capital raise supports SHB's lending capacity and regulatory compliance.

Vietnam's stock market is set for FTSE emerging market reclassification in September 2026, with ACBS projecting net foreign buying of approximately USD 128 million across 19 eligible stocks. VIC leads with an estimated USD 60 million inflow, followed by VHM at USD 19 million, signaling positive sentiment for large-cap and select mid-cap names.

ACBS estimates 19 Vietnamese stocks will be added to the FTSE Global Equity Index Series after Vietnam's market upgrade in September 2026, triggering net foreign buying of approximately $128.2 million. VIC and VHM are expected to receive the largest inflows, at $60 million and $19 million respectively, with Vingroup ecosystem stocks accounting for 67.7% of total estimated net purchases.

Vietnamese banks are distributing a record VND 48,000 billion in cash dividends for 2026, with 11 banks participating. LPBank leads at 30%, followed by MB (10%) and Techcombank. Five major banks—VietinBank (CTG), Vietcombank (VCB), BIDV (BID), SHB, and TPBank—have yet to finalize their payment dates, offering potential near-term catalysts for dividend-focused investors.