According to statistics from the Ho Chi Minh City Stock Exchange (HOSE), in June 2025, the average trading volume of futures contract products (HDTL) index VN30 reached 172,179 contracts/session, down 6.88% compared to the previous month. The average trading value in the name of the contract reached VND24.516 billion/session, down 4.25%.
Total trading volume for the whole month reached 3,615,759 contracts, down 2.23% compared to May. The session with the largest trading volume fell on June 13, 2025 with 264,579 contracts, showing that there are still sudden trading sessions amidst the slowdown trend.
Despite a decrease in liquidity, the market still recorded an increase in open-end contract (OI) volume, reaching 48,447 contracts at the end of the month, up 9.29% compared to May. Notably, the highest OI of the month was 54,982 contracts in the session of June 11, 2025.
Regarding the investor structure, the proportion of transactions from securities companies ( self-employed) only accounts for 1.66% of total transactions in the whole market, down from 2.16% in the previous month. This development shows the caution of organizations again after a period of strong growth in the first quarter.
More notably, the trading proportion of foreign investors decreased by nearly half, from 3.64% to 1.86% of the total trading volume in the whole market. This large-scale narrowing move comes in the context of a tense trading market, lacking clear supporting information on the trend of the VN30 base index.
In the second quarter of 2025, the derivatives market still recorded positive growth. The total trading volume of VN30 futures reached 12,593,727 contracts, up 24.29% over the first quarter. The transaction value under the contract name is estimated at 1.7 million billion VND, up 24.53%.
The increase in the second quarter shows the positive sentiment of investors with risk-off products and speculation during the period of strong fluctuations in the VN30 index. However, the decline in trading volume in June is signaling a short-term technical adjustment, especially when the trading proportion from institutional investors is narrowing significantly.
In the context of the continued increase in open contract volume, the derivatives market may continue to play the role of a tool used by investors to assess market trends in the coming time, but it is inevitable that there will be short-term fluctuations in liquidity if there is a lack of supporting factors from the grassroots market.
