VCI

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.

NSI forecasts securities industry debt could rise at least 40-50% in 2026, boosting margin lending and liquidity for firms like SSI, TCX, VPX, HCM, and VCI. However, higher capital costs lead NSI to cut 2026 revenue and profit forecasts by 3.8% and 5.4% respectively, while new provisioning rules add cost pressure.

GEE was the most sold stock by proprietary trading desks on May 28, with net selling of 117 billion VND, as the VN-Index fell 0.57%. Foreign investors also net sold 551 billion VND across the market. VHM was the top net bought stock by proprietary desks at 44 billion VND.

HPG is set to receive the largest net inflow of ~VND 284B from two major foreign ETFs (Xtrackers Vietnam Swap UCITS ETF and VanEck Vietnam ETF) during their June 2026 rebalancing, while SSI faces the largest outflow of ~VND 250B. The rebalancing, with combined fund assets of nearly $1.2B, will also see BSR, EIB, and NAB gain and VIX, VCI, and DGC lose weight.

Foreign investors net sold VND 895.5B on May 26, 2026, with real estate stocks VIC and VHM leading the sell-off, while banking and technology stocks saw net buying. The VN-Index fell only slightly, but VIC and VHM alone contributed nearly 14 points of decline, highlighting their outsized influence.

On May 19, proprietary trading desks of securities companies net sold VND 190 billion on HOSE, with MBB (-VND 95B), VIB (-VND 50B), and VCB (-VND 47B) leading the sell-off. In contrast, they net bought VIC (VND 123B) and VHM (VND 71B). Foreign investors also net sold VND 830 billion across the market, adding to the negative sentiment.

Ban Viet Discovery Fund (VCAMDF) sold its entire 135,000 VCI shares (0.08% stake) on May 6-8, 2026, exiting Vietcap Securities. The fund's chairwoman, Nguyen Thanh Phuong, also chairs Vietcap. The sale follows earlier reductions and coincides with insider selling by the wife of a board member.

Foreign investors net sold VND 836 billion (USD 33.4 million) on May 12, 2026, with banking stocks bearing the brunt of selling. Individual investors absorbed the flow, net buying VND 968.8 billion. The VN-Index reversed from a 16-point loss to close up 5.6 points at 1,901, driven by rotation into mid-cap and energy stocks.

HCM and other Vietnamese securities firms plan to raise an additional 100 trillion VND in 2026, driven by regulatory changes, foreign ownership limits, and margin lending expansion. Most firms forecast double-digit profit growth, with HCM targeting 56%, VPX 44%, and VCI 41%.

SSI plans to raise approximately 9,262 billion VND in 2026, potentially becoming the first Vietnamese brokerage to exceed 30,000 billion VND in charter capital. The sector-wide capital increase, estimated at ~100,000 billion VND, is driven by regulatory changes including 100% foreign ownership limits and margin lending constraints. Investors should monitor dilution risks and capital deployment efficiency.

FPT was the most bought stock by retail investors on May 7, 2026, as they net purchased VND 960.1 billion overall. Foreign investors net sold VND 312.5 billion, with Technology stocks bearing the brunt. This divergence highlights contrasting views on FPT's near-term outlook.

Foreign investors net sold VND 311 billion on HOSE and VND 12 billion on UPCOM on May 7, with FPT and ACB accounting for VND 670 billion of the selling pressure, as VN-Index closed above 1,909 points for the first time. The net outflow was partially offset by strong buying in MSN (VND 376 billion) and GEX (VND 144 billion).

Truong Nguyen Thien Kim, wife of Vietcap board member To Hai, sold her entire 16.91 million VCI shares (1.47% stake) via block trades from April 15 to May 4, 2026, reducing her holding to zero. The sale comes as Vietcap reported strong Q1/2026 revenue growth of 65%, but may signal insider sentiment ahead of further fund selling by Ban Viet Discovery Fund.