Foreign transactions continued to be a bright spot in the stock market when maintaining net buying power with a value of VND 1,849 billion in today's session, July 4.
On HoSE alone, foreign investors net bought approximately VND 1,780 billion. In which, FPT shares were unexpectedly net bought the most in the whole market with a value of up to VND459 billion; ACB was also net bought up to VND274 billion.
According to statistics, foreign investors have accumulated net sales in the first 6 months of 2025 of more than 39,853 billion VND on HOSE, equivalent to nearly 1.6 billion USD. The strongest selling pressure occurred in the first quarter of 2025, with a net selling value of nearly VND26,000 billion. However, entering the second quarter of 2025, net selling has shown clear signs of cooling down, to only about VND13,915 billion.
The end of June and the beginning of July 2025 recorded a remarkable change. In less than the last 10 sessions, foreign investors have suddenly reversed and returned to net buying thousands of billions of VND.
According to statistics on the HoSE exchange, in the last 10 trading sessions, foreign investors have net bought more than VND3,000 billion. The strong selling pressure in net selling sessions has decreased significantly, while net buying sessions worth thousands of billions have appeared. This value is not big enough compared to the previous series of billion-dollar net sales that lasted for decades, but this has great psychological significance, and can also be considered the beginning of a new cycle that may be taking shape.
The net buying move of foreign investors takes place when the Vietnamese stock market is at a historic turning point called upgrading to emerging market.
Experts have pointed out notable characteristics of foreign capital flows in some Asian markets before the upgrade. That is, foreign investors often participate in the market before the upgrading information is announced for a long time, instead of waiting for the announcement time.
Experts also assess that with the comprehensive reforms being implemented, the possibility of the Vietnamese stock market being upgraded by FTSE Russell in September 2025 is completely reasonable. In case the Vietnamese stock market is upgraded from frontier to emerging market, it can help attract 800 million USD from passive investors using the FTSE index and about 2 billion USD from passive investors using other index sets.
At the same time, when the market is upgraded, active funds will participate more actively, it is expected that there may be about 4-6 billion USD in Vietnam. This cash flow will increase market liquidity, helping transactions match orders faster and more stably, while pushing stock valuations to a reasonable level, accurately reflecting the value of the enterprise.
In addition, market upgrading encourages the increase of Vietnamese stocks in the global investment portfolio, thereby creating medium and long-term growth momentum for the stock market
The waiting period is an opportunity to prepare appropriate investment strategies to adapt to market upgrades. Currently, emerging markets in the ASEAN region are being allocated an average of 10 billion USD by open-end funds and index funds, which is a huge cash flow for the blue chip group and is expected to have a strong impact on market valuation according to theory.
In fact, information about upgrading is not a factor that helps the stock market go up, although there will be foreign capital flows participating in the market, on the contrary, information about market downgrading is not a factor that causes the market to operate negatively. The fundamental factor still depends on the internal economy such as: political situation, natural disasters, macro policies, currency, and profitability of enterprises.
