Foreign investors pour $325 million into Vietnamese stocks in July

Foreign investors pour $325 million into Vietnamese stocks in July

After months of subdued activity, foreign investors accelerated their disbursements, net buying more than VNĐ8.5 trillion (US$325 million) across all exchanges. This marks the highest level of net buying from foreign investors since early 2023, signalling a renewed confidence in the market.

The headquarters of the Hanoi Stock Exchange (HNX) in Hà Nội. — Photo vneconomy.vn

Việt Nam’s stock market experienced a vibrant July, marked by the strong recovery of foreign capital flows.

After months of subdued activity, foreign investors accelerated their disbursements, net buying more than VNĐ8.5 trillion (US$325 million) across all exchanges. This marks the highest level of net buying from foreign investors since early 2023, signalling a renewed confidence in the market.

On the Hồ Chí Minh Stock Exchange (HoSE), foreign investors recorded a remarkable net buying value of VNĐ8.7 trillion.

They purchased shares worth VNĐ93.7 trillion and sold VNĐ84.9 trillion, maintaining a streak of 14 consecutive net buying sessions from July 2 to July 16.

The peak session came on July 3, when foreign inflows exceeded VNĐ2.27 trillion, following positive news on tax policy. It was also among the most notable trading sessions of the year.

The highlight of foreign capital activity in July was SSI Securities Corporation (SSI), which saw net foreign buying exceed VNĐ3.46 trillion. The stock experienced 15 consecutive sessions of net buying, with individual days reaching up to VNĐ500 billion.

This not only reflected foreign investors’ trust in the securities sector, but also pointed to optimism regarding the broader market outlook for the remainder of 2025.

In addition to SSI, banking stocks also attracted significant foreign interest, including VPB (VNĐ1.49 trillion), SHB (VNĐ1.36 trillion), HDB (VNĐ799 billion) and TPB (VNĐ542 billion).

Stocks under the Vingroup umbrella continued to attract inflows, with VIC receiving over VNĐ516 billion and VRE drawing VNĐ306 billion. Other prominent blue-chip stocks like VNM, MWG and VND were also on the radar of foreign investors.

In contrast, Vietjet Air (VJC) was the most heavily offloaded stock by foreign investors in July, with net outflows exceeding VNĐ2 trillion. Notably, on July 22 alone, nearly VNĐ1.9 trillion worth of shares were sold off.

On the Hà Nội Stock Exchange (HNX), foreign investment remained positive, with a net buying value of over VNĐ547 billion during the month. SHS led the way with VNĐ457 billion in net inflows in July alone, bringing the year-to-date figure to over VNĐ1.3 trillion.

CEO Group (CEO) also stood out with net foreign purchases totalling VNĐ176 billion. Conversely, the UPCoM market saw net foreign selling of VNĐ743 billion, concentrated mainly in MCH and ACV stocks.

The strong return of foreign investors significantly contributed to the bullish momentum of Việt Nam’s stock market in July. The VN-Index rose nearly 9 per cent from the beginning of the month, closing at 1,502.52 points, and even reached a new historical high of 1,564.92 points during the July 29 session — the highest level ever recorded, reflecting a combination of positive domestic and international factors.

Experts attributed this resurgence of foreign inflows to growing expectations that Việt Nam may soon be upgraded from a frontier to an emerging market. Macroeconomic indicators have also improved, with inflation under control, steady GDP growth and a stable monetary policy framework. These fundamentals are strengthening investor confidence, both domestically and internationally.

Nonetheless, some analysts cautioned that the current wave of foreign net buying could be short-lived, as investors might be capitalising on the market’s recovery after its April downturn. Given the elevated valuation levels, the possibility of short-term profit-taking remains a key risk that warrants close monitoring to avoid sudden corrections in the near future.

Bizhub