In just over a week, the FTSE ranking of Vietnam as a secondary emerging market will officially take effect. Before this milestone, disbursement and portfolio restructuring activities of foreign ETF funds are forecast to be vibrant in the week from September 14-18.
According to SSI Research, the first disbursement of FTSE global index simulation funds is expected to take place on September 18, 2026, before the new index takes effect from September 21, 2026. In this phase, funds are expected to buy 27 Vietnamese shares with a total value of about 240 million USD.
September 18th is also the time when large foreign ETF funds investing in the Vietnamese market such as Xtrackers, VanEck and Fubon restructure their portfolios. Therefore, the value of buying and selling in each stock code will simultaneously be affected by new, eliminated and adjusted proportions of funds.
SSI Research estimates that the total buying value of foreign ETF funds in the restructuring period reached 449.85 million USD, while the selling value was 203.93 million USD. As a result, the total net buying value is expected to reach 245.92 million USD.
In which, Vanguard's ETFs simulating FTSE GEIS are expected to net buy 240.49 million USD. Xtrackers Vietnam Swap UCITS ETF is expected to buy 100.03 million USD and sell 101.37 million USD, equivalent to net selling 1.34 million USD.
VanEck Vietnam ETF is expected to buy 20.45 million USD and sell 20.04 million USD, thereby net buying 0.41 million USD. Fubon Vietnam ETF and CSOP FTSE Vietnam 30 ETF have a buying value of 88.88 million USD, selling 82.52 million USD and net buying 6.36 million USD.
In terms of transaction value, the 10 stocks expected to be bought the most include VPB with 32.82 million USD, VHM 30.85 million USD, MCH 22.10 million USD, FPT 21.48 million USD, MSN 20.92 million USD, HPG 18.85 million USD, VNM 17.27 million USD, VIX 16.04 million USD, VPL 14.17 million USD and ACB 13.82 million USD.
In the opposite direction, VIC is expected to be net sold the strongest with a value of 28.06 million USD. Followed by STB 8.71 million USD, SHB 3.97 million USD, KBC 3.24 million USD, KDH 3.19 million USD, DXG 1.73 million USD, CEO 1.69 million USD, POW 1.17 million USD, NKG 0.81 million USD and BVH 0.46 million USD.
Notably, VIC was bought by Vanguard funds with about 9.17 million shares but suffered selling pressure from the remaining ETFs. Xtrackers is expected to sell 6.66 million VIC shares, VanEck sells 1.27 million shares and Fubon and CSOP sell 4.24 million shares. In total, VIC may be net sold about 2.99 million shares, equivalent to 28.06 million USD.
According to SSI Research, this development is mainly affected by Xtrackers reducing the VIC ratio from 31.6% to 15%.
In terms of trading days, MCH topped the list of buyers with an estimated volume equivalent to 10.51 trading days. The next positions include SSB with 7.29 days, VPL 5.90 days, VCK 2.41 days, VNM 2.39 days, ACB 2.14 days, MSN 1.94 days, VPB 1.92 days, NVL 1.91 days and VHM 1.45 days.
On the selling side, KBC has an estimated volume equivalent to 2.53 trading days, NKG 1.44 days, KDH 0.98 days, STB 0.81 days, CEO 0.57 days, VIC 0.48 days, BVH 0.42 days, VHC 0.39 days, POW 0.38 days and DXG 0.35 days.
In Vanguard's ETF portfolio, 27 Vietnamese stocks were added to FTSE's global indices including VCB, VIC, VHM, BID, HPG, VPB, FPT, GEX, HDB, HCM, MCH, MSN, NVL, SHB, STB, SSB, SSI, TCX, VNM, VCI, VJC, MSB, VRE, VPL, VIX, VND and VCK.
For Xtrackers Vietnam Swap UCITS ETF, the STOXX Vietnam Total Market Liquid Index excludes NKG and does not add any new stocks. After restructuring, the portfolio has 27 Vietnamese stocks.
MarketVector Vietnam Local Index, the benchmark index of VanEck Vectors Vietnam ETF, added new SSB and removed CEO. The number of stocks in the portfolio after restructuring is 54 codes. According to SSI Research, the restructuring results of both indices are consistent with previous forecasts.
Regarding FTSE Vietnam 30 Index, because FTSE has not announced the results on the website, SSI Research maintains the forecast of adding new VPB, FPT, ACB, MCH and VPL; and also excludes KBC, VND, VCI and KDH. The portfolio after restructuring is expected to include 30 stocks.
