VJC

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 investors net sold nearly VND 1,400 billion on July 24, the largest single-session sell-off in weeks, with PNJ accounting for VND 534 billion of outflows. HPG was the top buy at VND 87 billion, suggesting selective interest in steel despite broad foreign selling across securities, real estate, and banking stocks.

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.

Proprietary trading desks at securities companies net bought 460 billion VND on HOSE on July 22, when VN-Index fell 62 points. Techcombank (TCB) was the most bought stock at 235 billion VND, while foreign investors net sold 1,921 billion VND across the market.

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.

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.

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.