VIX

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.

ACB Securities (ACBS) posted Q2 2026 pretax profit of VND 299B (+30% YoY), while VIX Securities saw a 95% profit collapse to VND 75B. The divergence highlights margin expansion at ACBS versus sharp reversals at VIX, with 32 firms now reported.

VIX Securities (VIX) reported Q2 2026 pre-tax profit of VND 75B, down 95% year-on-year, driven by a 45% decline in proprietary trading income. After six months, cumulative profit of VND 232B represents only 8% of the full-year target of VND 2,800B, signaling a significant earnings miss.

VPB reported Q2 2026 pre-tax profit of VND 10,959B, up 76% YoY, bringing H1 total to VND 18,880B (+68%). TPBank (TPB) also posted solid growth with Q2 profit of VND 2,562B (+26%). Among other names, PPC saw a 1,019% profit surge from a low base, while securities firms like BVS, VIX, and CTS reported sharp declines. The mixed results highlight divergent sector performance.

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.

Three foreign ETFs (VNM, FTSE, Fubon) managing $1.3B in Vietnamese stocks have seen net outflows since early 2026, with Fubon ETF losing $111M despite a 4.8% return. VIC remains the top holding across all three funds, while VHM, HPG, MSN, and SSI also feature prominently.

VIX Securities (VIX) appoints Mr. Ha Huy Hung as Chairman and Mr. Nguyen Tuan Dung as CEO, effective June 29, following the resignation of former CEO Truong Ngoc Lan. The leadership change comes as VIX targets 2026 pre-tax profit of VND 3,500 billion, down 48% year-on-year, and plans a 5% stock dividend for 2025.

Foreign investors net sold 603.6 billion VND on the matching order book on June 10, with banking stocks as the primary target. The VN-Index recovered 10.66 points to 1,800 on improved liquidity of 21,000 billion VND, signaling short-term buying support.

Foreign investors net sold over VND 720 billion on June 8, 2026, with FPT, VHM, MSN, VIC, VPB, TCB, VIX, SSI, and HPG among the most sold stocks. The VN-Index dropped 2.63% on heavy volume, signaling broad-based selling pressure across real estate, technology, and securities sectors.

VIX targets 2026 after-tax profit of VND 2,800B, a 48% decline from the 2025 record of VND 5,410B, after posting a 63% drop in Q1 net profit due to a VND 82B proprietary trading loss. The cautious guidance reflects weak market conditions and sets a conservative baseline for the year.