STB

On July 24, foreign investors net sold VND 1,329 billion on HOSE, with PNJ the most sold stock at over VND 533 billion. Proprietary trading desks also net sold VND 431 billion, mainly HPG and STB. The selling pressure highlights ongoing foreign outflow from Vietnamese equities, particularly in consumer and steel sectors.

Foreign net selling in Vietnam reached VND 319,660 billion (USD 12.8B) over four years, with VND 80 trillion in H1 2026 alone. VDSC attributes outflows to USD strength, global AI/semiconductor shift, and trade uncertainty, but expects narrowing in Q3 as passive funds deploy from August 21 to September 21.

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.

MWG (Mobile World Group) attracted the largest net foreign buying of VND 206 billion on July 20, even as the VN-Index dropped 44 points and foreign investors overall net sold VND 86 billion across the market. The buying interest in MWG contrasts with heavy net selling in VCB, STB, and VPB, suggesting selective foreign allocation toward retail amid the broad sell-off.

STB was the most sold stock by proprietary trading desks on July 17, with net selling of VND 78 billion, as part of a broader VND 479 billion sell-off by proprietary desks on HOSE. Foreign investors also net sold approximately VND 690 billion across the market, adding to selling pressure on Vietnamese equities.