VN-Index opened in green but quickly reversed under widespread selling pressure. Towards the end of the session, the selling pressure to take profits increased, causing Vietnamese stocks to adjust quite strongly.
At the end of the trading session on May 30, the VN-Index decreased by 9.26 points, down to 1,332.6 points. The HNX-Index decreased by 1.08 points to 223.22 points.
Market liquidity increased compared to the previous trading session, with the trading volume matched by the VN-Index reaching more than 910 million shares, equivalent to a value of more than 20,700 billion VND.
Liquidity on the HNX-Index reached more than 99 million shares, equivalent to a value of more than VND 1,600 billion.
In that context, foreign investors continued to sell VND1,171 billion in all markets, extending their net selling streak to 6 consecutive sessions.
On HoSE, foreign investors net sold approximately VND1,161 billion. On the afternoon of sale, MWG shares were net sold the most by foreign investors in the whole market with a value of 172 billion VND, followed by HPG and STB shares with strong sales of 158 billion VND and 118 billion VND respectively.
In contrast, NVL was net bought the most in the whole market with a value of 215 billion VND, VIC also net poured about 74 billion VND.
However, in general, in May, foreign investors were still leaning towards net buying. Experts predict that foreign capital flows may return strongly before the announcement milestones of upgrading.
This is an effect of being ahead of the upgrading, often occurring right after a market is included in the upgrading watch list and increased sharply about 6 - 12 months before the official upgrading time.
The reason is that passive investment funds (ETF, index fund) and large active funds often have strategies to restructure their portfolios early to catch the capital flow wave when the market is included in new indicators (such as MSCI Emerging Markets or FTSE EM Index).
In Vietnam, after net selling for most of 2023 - 2024 and the first 4 months of 2025, foreign investors have returned to a net buying position in May with more than VND 5,000 billion (as of May 15, 2025).
In the long term, Vietnam needs to continue to remove existing barriers, including expanding ownership space for foreign investors, improving regulations on transactions via shared accounts (omnibus accounts) and gradually allowing T+0 transactions, fake sales, and more flexible derivatives. These are key factors to fully meet the upgrading standards.
Regarding quality goods to attract foreign capital flows, according to Dragon Capital's estimate, Vietnamese securities are preparing to welcome a new wave of goods, with a scale of 47 billion USD in the next 3 years.
In addition to Vinpearl, many notable names such as TCBS, F88, THACO AUTO, Bach Hoa Xanh, Golden Gate and Highlands Coffee, VPS, Viettel IDC, Misa, VNPay, Long Chau, ... are also planning to take the list. These enterprises are expected to bring a new breeze to the stock market.
